Getty Images’ (GETY) “Buy” Rating Reaffirmed at Benchmark

Benchmark restated their buy rating on shares of Getty Images (NYSE:GETY) in a report issued on Friday morning,Benzinga reports. The brokerage currently has a $6.00 target price on the stock.

GETY has been the subject of a number of other research reports. JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of Getty Images in a research note on Wednesday, December 18th. Macquarie reaffirmed a “neutral” rating and set a $3.75 price objective on shares of Getty Images in a research note on Wednesday. Finally, Wedbush reiterated an “outperform” rating and issued a $7.70 price objective on shares of Getty Images in a report on Tuesday. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $5.61.

Getty Images Price Performance

Shares of NYSE:GETY opened at $2.63 on Friday. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.79 and a current ratio of 0.79. The firm has a market capitalization of $1.08 billion, a PE ratio of 21.92 and a beta of 1.93. The firm has a fifty day moving average of $2.87 and a 200 day moving average of $3.33. Getty Images has a 52-week low of $2.06 and a 52-week high of $5.77.

Insider Buying and Selling at Getty Images

In other Getty Images news, CFO Jennifer Leyden sold 12,342 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 $27,152.40. Following the transaction, the chief financial officer now directly owns 261,034 shares of the company’s stock, valued at approximately $574,274.80. The trade was a 4.51 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Neuberger Berman Group Llc sold 4,100,000 shares of the company’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $2.46, for a total transaction of $10,086,000.00. Following the completion of the transaction, the insider now owns 74,175,262 shares of the company’s stock, valued at $182,471,144.52. This trade represents a 5.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 4,266,876 shares of company stock worth $10,629,182. 12.30% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Getty Images

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of New York Mellon Corp bought a new stake in Getty Images during the 2nd quarter valued at approximately $910,000. Principal Financial Group Inc. purchased a new stake in Getty Images in the second quarter worth $44,000. Rhumbline Advisers bought a new position in Getty Images in the second quarter worth $392,000. Dimensional Fund Advisors LP lifted its position in Getty Images by 18.1% during the second quarter. Dimensional Fund Advisors LP now owns 47,447 shares of the company’s stock valued at $155,000 after buying an additional 7,267 shares during the period. Finally, Renaissance Technologies LLC bought a new stake in shares of Getty Images during the 2nd quarter valued at $91,000. Hedge funds and other institutional investors own 45.75% of the company’s stock.

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.