Getty Images (NYSE:GETY) Stock Rating Reaffirmed by Wedbush

Getty Images (NYSE:GETY – Get Rating)‘s stock had its “outperform” rating reaffirmed by Wedbush in a research report issued to clients and investors on Tuesday, Benzinga reports. They presently have a $6.00 price objective on the stock. Wedbush’s price target indicates a potential upside of 22.45% from the company’s current price. Wedbush also issued estimates for Getty Images’ Q1 2023 earnings at $0.04 EPS, Q2 2023 earnings at $0.04 EPS, Q3 2023 earnings at $0.05 EPS, Q4 2023 earnings at $0.05 EPS, Q1 2024 earnings at $0.05 EPS, Q2 2024 earnings at $0.06 EPS, Q3 2024 earnings at $0.06 EPS, Q4 2024 earnings at $0.06 EPS, FY2024 earnings at $0.23 EPS and FY2025 earnings at $0.25 EPS.

A number of other equities analysts have also weighed in on GETY. Citigroup upgraded shares of Getty Images from a “neutral” rating to a “buy” rating and decreased their price objective for the stock from $33.00 to $8.00 in a report on Tuesday, November 15th. The Goldman Sachs Group dropped their price objective on shares of Getty Images from $8.00 to $7.00 and set a “neutral” rating for the company in a report on Tuesday, November 15th. Benchmark dropped their price objective on shares of Getty Images from $9.00 to $7.00 in a report on Tuesday. Finally, Redburn Partners upgraded shares of Getty Images from a “neutral” rating to a “buy” rating and decreased their target price for the company from $9.90 to $5.70 in a research report on Wednesday, November 23rd. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $6.83.

Getty Images Trading Down 2.6 %

GETY stock opened at $4.90 on Tuesday. Getty Images has a 1-year low of $4.51 and a 1-year high of $37.88. The company has a debt-to-equity ratio of 2.52, a current ratio of 0.74 and a quick ratio of 0.74. The stock’s fifty day simple moving average is $5.86 and its two-hundred day simple moving average is $6.75.

Getty Images (NYSE:GETY – Get Rating) last announced its earnings results on Monday, March 13th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.16). The business had revenue of $231.47 million for the quarter, compared to analyst estimates of $242.00 million. On average, equities analysts expect that Getty Images will post 0.32 EPS for the current year.

Insiders Place Their Bets

In other news, major shareholder Neuberger Berman Group Llc sold 73,555 shares of the company’s stock in a transaction on Tuesday, February 7th. The shares were sold at an average price of $7.89, for a total transaction of $580,348.95. Following the completion of the sale, the insider now owns 64,523,168 shares of the company’s stock, valued at $509,087,795.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.11% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Getty Images

A number of hedge funds have recently modified their holdings of GETY. Carlyle Group Inc. purchased a new position in Getty Images during the fourth quarter worth about $66,061,000. Charles Schwab Investment Management Inc. lifted its position in shares of Getty Images by 167.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 30,987 shares of the company’s stock worth $172,000 after purchasing an additional 19,394 shares in the last quarter. Advisor Group Holdings Inc. raised its holdings in Getty Images by 90,312.5% in the fourth quarter. Advisor Group Holdings Inc. now owns 28,932 shares of the company’s stock valued at $160,000 after acquiring an additional 28,900 shares in the last quarter. Victory Capital Management Inc. raised its holdings in Getty Images by 61.8% in the fourth quarter. Victory Capital Management Inc. now owns 22,850 shares of the company’s stock valued at $127,000 after acquiring an additional 8,725 shares in the last quarter. Finally, Verition Fund Management LLC acquired a new stake in Getty Images in the third quarter valued at approximately $110,000.

About Getty Images

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Getty Images Holdings, Inc operates as a visual content creator and marketplace in the United States and internationally. It maintains privately-owned photographic archives covering approximately 160,000 news, sport, and entertainment events, as well as variety of subjects, including lifestyle, business, science, health and beauty, sports, transportation, and travel under the Getty Images, iStock, and Unsplash brands.