Macquarie Forecasts Strong Price Appreciation for Getty Images (NYSE:GETY) Stock

Getty Images (NYSE:GETY) had its price target boosted by Macquarie from $3.50 to $3.75 in a report published on Wednesday,Benzinga reports. They currently have a neutral rating on the stock.

Several other equities analysts have also issued reports on the stock. Benchmark reiterated a “buy” rating and set a $6.00 target price on shares of Getty Images in a report on Tuesday, August 13th. Citigroup lowered their price objective on Getty Images from $6.00 to $5.00 and set a “buy” rating for the company in a research note on Tuesday, August 13th.

Getty Images Stock Performance

Shares of Getty Images stock opened at $3.23 on Wednesday. The business has a fifty day simple moving average of $3.76 and a two-hundred day simple moving average of $3.63. The firm has a market capitalization of $1.33 billion, a P/E ratio of 26.92 and a beta of 2.02. 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 $2.88 and a 12 month high of $5.77.

Insiders Place Their Bets

In other news, Director Chinh Chu sold 48,400 shares of the company’s stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $4.05, for a total transaction of $196,020.00. Following the transaction, the director now directly owns 9,706,670 shares of the company’s stock, valued at $39,312,013.50. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, General Counsel Kjelti Wilkes Kellough sold 8,070 shares of the stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of $3.61, for a total transaction of $29,132.70. Following the transaction, the general counsel now owns 258,630 shares in the company, valued at $933,654.30. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Chinh Chu sold 48,400 shares of Getty Images stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $4.05, for a total transaction of $196,020.00. Following the completion of the sale, the director now directly owns 9,706,670 shares of the company’s stock, valued at approximately $39,312,013.50. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 169,427 shares of company stock valued at $652,130. Corporate insiders own 12.30% of the company’s stock.

Hedge Funds Weigh In On Getty Images

Hedge funds and other institutional investors have recently modified their holdings of the company. Byrne Asset Management LLC lifted its stake in shares of Getty Images by 95.7% in the 2nd quarter. Byrne Asset Management LLC now owns 9,200 shares of the company’s stock worth $29,000 after purchasing an additional 4,500 shares during the period. Natixis bought a new stake in Getty Images during the first quarter valued at approximately $42,000. Spartan Fund Management Inc. purchased a new stake in Getty Images during the second quarter valued at approximately $33,000. CIBC Asset Management Inc bought a new position in Getty Images in the second quarter worth approximately $36,000. Finally, EntryPoint Capital LLC purchased a new position in shares of Getty Images during the 1st quarter worth $47,000. 45.75% of the stock is owned by institutional investors.

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.