Benchmark Has Lowered Expectations for Getty Images (NYSE:GETY) Stock Price

Getty Images (NYSE:GETY) had its price target dropped by research analysts at Benchmark from $6.00 to $4.50 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the stock. Benchmark’s target price suggests a potential upside of 105.86% from the company’s current price.

A number of other equities research analysts also recently issued reports on the stock. Wedbush reaffirmed an “outperform” rating and issued a $7.70 price objective on shares of Getty Images in a research report on Thursday, March 13th. Macquarie reaffirmed a “neutral” rating and issued a $3.75 price objective on shares of Getty Images in a research report on Wednesday, January 8th. Finally, JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of Getty Images in a research report on Wednesday, December 18th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Getty Images currently has an average rating of “Hold” and an average target price of $5.24.

Getty Images Stock Up 1.7 %

Shares of NYSE:GETY traded up $0.04 during midday trading on Tuesday, hitting $2.19. 644,782 shares of the company’s stock were exchanged, compared to its average volume of 3,245,392. The company has a debt-to-equity ratio of 1.84, a current ratio of 0.79 and a quick ratio of 0.79. The stock has a 50 day moving average price of $2.46 and a 200-day moving average price of $3.00. The company has a market cap of $898.61 million, a PE ratio of 18.22 and a beta of 1.97. Getty Images has a 12 month low of $1.90 and a 12 month high of $5.09.

Getty Images (NYSE:GETY) last posted its earnings results on Monday, March 17th. The company reported $0.06 EPS for the quarter, topping the consensus estimate of $0.04 by $0.02. The company had revenue of $247.30 million during 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%. Getty Images’s revenue was up 9.5% on a year-over-year basis. On average, sell-side analysts anticipate that Getty Images will post 0.08 EPS for the current fiscal year.

Insider Activity at Getty Images

In other Getty Images news, CEO Craig Warren Peters sold 32,753 shares of the stock in a transaction that occurred on Tuesday, December 24th. The shares were sold at an average price of $2.20, for a total value of $72,056.60. Following the sale, the chief executive officer now directly owns 1,212,648 shares in the company, valued at $2,667,825.60. This represents a 2.63 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Jennifer Leyden sold 12,342 shares of the stock in a transaction that occurred on Tuesday, December 24th. The stock was sold at an average price of $2.20, for a total transaction of $27,152.40. Following the completion of the sale, the chief financial officer now 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. In the last ninety days, insiders have sold 70,521 shares of company stock worth $155,146. 12.30% of the stock is owned by corporate insiders.

Institutional Trading of Getty Images

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

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.