Getty Images (NYSE:GETY) Earns “Neutral” Rating from Citigroup

Getty Images (NYSE:GETY)‘s stock had its “neutral” rating reaffirmed by equities research analysts at Citigroup in a report issued on Monday,Benzinga reports. They currently have a $2.45 target price on the stock. Citigroup’s price objective suggests a potential upside of 10.61% from the company’s previous close.

A number of other research firms have also recently commented on GETY. JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Getty Images in a research note on Wednesday, December 18th. Benchmark decreased their price objective on shares of Getty Images from $6.00 to $4.50 and set a “buy” rating for the company in a research report on Tuesday, March 18th. Wedbush reissued an “outperform” rating and set a $7.70 target price on shares of Getty Images in a research report on Thursday, March 13th. Finally, Macquarie restated a “neutral” rating and set a $3.75 price target on shares of Getty Images in a research note on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Getty Images presently has a consensus rating of “Hold” and an average target price of $4.60.

Getty Images Stock Up 1.1 %

Shares of NYSE GETY opened at $2.22 on Monday. The stock has a market capitalization of $913.84 million, a PE ratio of 18.46 and a beta of 1.97. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.84. Getty Images has a 12-month low of $1.90 and a 12-month high of $4.49. The stock’s fifty day simple moving average is $2.42 and its two-hundred day simple moving average is $2.96.

Getty Images (NYSE:GETY) last issued its quarterly earnings data on Monday, March 17th. The company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.05). The company had revenue of $247.30 million for the quarter, compared to the consensus estimate of $245.50 million. Getty Images had a net margin of 5.91% and a return on equity of 6.42%. The firm’s quarterly revenue was up 9.5% compared to the same quarter last year. As a group, analysts expect that Getty Images will post 0.08 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Craig Warren Peters sold 32,753 shares of the business’s stock in a transaction on Tuesday, December 24th. The shares were sold at an average price of $2.20, for a total transaction of $72,056.60. Following the completion of the transaction, the chief executive officer now directly owns 1,212,648 shares in the company, valued at $2,667,825.60. The trade was a 2.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Jennifer Leyden sold 12,342 shares of the stock in a transaction dated Tuesday, December 24th. The stock was sold at an average price of $2.20, for a total value of $27,152.40. Following the sale, the chief financial officer now directly owns 261,034 shares in the company, valued at $574,274.80. This represents a 4.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 70,521 shares of company stock valued at $155,146 over the last quarter. 12.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. BNP Paribas Financial Markets acquired a new position in shares of Getty Images in the 4th quarter valued at $27,000. Aristeia Capital L.L.C. purchased a new position in Getty Images in the fourth quarter valued at $28,000. Ameriprise Financial Inc. acquired a new position in shares of Getty Images in the fourth quarter worth about $28,000. Virtu Financial LLC purchased a new stake in shares of Getty Images during the 4th quarter worth about $33,000. Finally, Oxford Asset Management LLP acquired a new stake in shares of Getty Images during the 4th quarter valued at about $33,000. 45.75% of the stock is owned by institutional investors and hedge funds.

About Getty Images

Getty Images Holdings, Inc offers creative and editorial visual content solutions in the Americas, Europe, the Middle East, Africa, and Asia-Pacific. Its products include Getty Images that offers creative and editorial content including stills, music and video which focuses on corporate, agency, and media customers; iStock.com, an e-commerce offering where customers have access to creative stills and video; Unsplash.com, a platform offering free stock photo downloads and paid subscriptions targeted to the high-growth prosumer and semi-professional creator segments; and Unsplash+ that provides access to unique model released content with expanded legal protections.