Macquarie Raises Getty Images (NYSE:GETY) Price Target to $3.75

Getty Images (NYSE:GETY) had its price objective boosted by equities research analysts at Macquarie from $3.50 to $3.75 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Macquarie’s price objective would indicate a potential upside of 16.10% from the company’s previous close.

A number of other research firms also recently issued reports on GETY. Benchmark reiterated a “buy” rating and set a $6.00 price target on shares of Getty Images in a research note on Tuesday, August 13th. Citigroup decreased their price target on Getty Images from $6.00 to $5.00 and set a “buy” rating for the company in a report on Tuesday, August 13th.

Getty Images Stock Down 4.7 %

NYSE GETY traded down $0.16 during mid-day trading on Wednesday, hitting $3.23. The company’s stock had a trading volume of 306,350 shares, compared to its average volume of 476,469. The firm has a market capitalization of $1.33 billion, a price-to-earnings ratio of 26.92 and a beta of 2.02. The company’s 50 day simple moving average is $3.77 and its 200 day simple moving average is $3.63. Getty Images has a twelve month low of $2.88 and a twelve month high of $5.77. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.84.

Insider Buying and Selling

In other Getty Images news, Director Chinh Chu sold 17,122 shares of the company’s stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $4.01, for a total value of $68,659.22. Following the completion of the transaction, the director now owns 9,846,814 shares in the company, valued at $39,485,724.14. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Chinh Chu sold 17,122 shares of the firm’s stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $4.01, for a total transaction of $68,659.22. Following the completion of the sale, the director now owns 9,846,814 shares in the company, valued at $39,485,724.14. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Craig Warren Peters sold 32,170 shares of Getty Images stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $3.61, for a total transaction of $116,133.70. Following the completion of the sale, the chief executive officer now directly owns 1,245,401 shares in the company, valued at $4,495,897.61. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 169,427 shares of company stock worth $652,130. 12.30% of the stock is owned by company insiders.

Hedge Funds Weigh In On Getty Images

Large investors have recently modified their holdings of the business. Charles Schwab Investment Management Inc. boosted its holdings in Getty Images by 12.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 524,987 shares of the company’s stock worth $2,000,000 after buying an additional 58,135 shares during the period. Bank of New York Mellon Corp purchased a new stake in shares of Getty Images during the second quarter worth $910,000. Ninety One UK Ltd purchased a new stake in shares of Getty Images during the second quarter worth $583,000. FMR LLC grew its position in shares of Getty Images by 5.0% in the third quarter. FMR LLC now owns 166,221 shares of the company’s stock valued at $633,000 after purchasing an additional 7,897 shares in the last quarter. Finally, Rhumbline Advisers bought a new stake in shares of Getty Images during the 2nd quarter valued at $392,000. Hedge funds and other institutional investors own 45.75% of the company’s stock.

Getty Images Company Profile

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.