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

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

Several other brokerages have also commented on GETY. Citigroup cut their price target on shares of Getty Images from $6.00 to $5.00 and set a “buy” rating for the company in a report on Tuesday, August 13th. Benchmark reissued a “buy” rating and issued a $6.00 price target on shares of Getty Images in a report on Tuesday, August 13th.

Getty Images Price Performance

Shares of NYSE GETY opened at $3.10 on Wednesday. The firm has a market cap of $1.27 billion, a PE ratio of 25.88 and a beta of 2.02. The firm has a fifty day moving average of $3.75 and a 200 day moving average of $3.62. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.79 and a current ratio of 0.79. Getty Images has a one year low of $2.88 and a one year high of $5.77.

Insider Transactions at Getty Images

In related news, General Counsel Kjelti Wilkes Kellough sold 8,070 shares of the company’s stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $3.61, for a total value of $29,132.70. Following the completion of the sale, the general counsel now owns 258,630 shares of the company’s stock, valued at approximately $933,654.30. This represents a 3.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Chinh Chu sold 48,400 shares of the company’s stock in a transaction dated Wednesday, October 30th. The shares were 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 $39,312,013.50. This represents a 0.50 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 169,427 shares of company stock valued at $652,130 over the last 90 days. 12.30% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Getty Images

A number of hedge funds have recently modified their holdings of the company. Geode Capital Management LLC grew its holdings in shares of Getty Images by 5.6% in the third quarter. Geode Capital Management LLC now owns 1,663,955 shares of the company’s stock valued at $6,340,000 after purchasing an additional 88,533 shares during the period. Barclays PLC grew its holdings in shares of Getty Images by 47.1% in the third quarter. Barclays PLC now owns 156,216 shares of the company’s stock valued at $596,000 after purchasing an additional 49,995 shares during the period. Jane Street Group LLC grew its holdings in shares of Getty Images by 139.8% in the third quarter. Jane Street Group LLC now owns 67,712 shares of the company’s stock valued at $258,000 after purchasing an additional 39,477 shares during the period. State Street Corp grew its holdings in shares of Getty Images by 46.3% in the third quarter. State Street Corp now owns 1,474,167 shares of the company’s stock valued at $5,617,000 after purchasing an additional 466,521 shares during the period. Finally, Verition Fund Management LLC acquired a new position in Getty Images in the third quarter valued at about $96,000. 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.