Getty Images (NYSE:GETY) Rating Reiterated by Wedbush

Getty Images (NYSE:GETY)‘s stock had its “outperform” rating restated by stock analysts at Wedbush in a research note issued on Wednesday, Benzinga reports. They currently have a $7.70 price objective on the stock. Wedbush’s target price suggests a potential upside of 72.26% from the stock’s current price.

A number of other equities research analysts have also weighed in on GETY. Citigroup reduced their target price on shares of Getty Images from $8.00 to $6.00 and set a “buy” rating on the stock in a report on Tuesday, August 15th. Imperial Capital raised shares of Getty Images from an “in-line” rating to an “outperform” rating and set a $5.75 price objective on the stock in a research note on Tuesday, August 15th. Redburn Atlantic lowered Getty Images from a “buy” rating to a “neutral” rating and set a $6.00 target price for the company. in a research report on Tuesday, October 3rd. Benchmark upped their price target on Getty Images from $7.00 to $8.00 and gave the company a “buy” rating in a research report on Friday, September 29th. Finally, Macquarie decreased their price target on Getty Images from $7.00 to $5.00 and set a “neutral” rating for the company in a research note on Wednesday, August 16th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $6.24.

Getty Images Stock Performance

NYSE:GETY opened at $4.47 on Wednesday. The stock’s 50-day moving average is $5.35 and its 200-day moving average is $5.17. Getty Images has a 1-year low of $3.42 and a 1-year high of $8.22. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 2.34. The stock has a market cap of $1.78 billion, a P/E ratio of -7.84 and a beta of 2.20.

Insider Activity at Getty Images

In other news, SVP Cho Mikael sold 84,617 shares of the firm’s stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of $4.97, for a total transaction of $420,546.49. Following the completion of the sale, the senior vice president now owns 158,925 shares of the company’s stock, valued at approximately $789,857.25. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, insider Michael Teaster sold 65,000 shares of the company’s stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $6.02, for a total transaction of $391,300.00. Following the transaction, the insider now directly owns 165,802 shares of the company’s stock, valued at approximately $998,128.04. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Cho Mikael sold 84,617 shares of the firm’s stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of $4.97, for a total value of $420,546.49. Following the completion of the sale, the senior vice president now directly owns 158,925 shares of the company’s stock, valued at approximately $789,857.25. The disclosure for this sale can be found here. Insiders have sold a total of 568,096 shares of company stock worth $3,560,134 in the last 90 days. Corporate insiders own 13.00% of the company’s stock.

Hedge Funds Weigh In On Getty Images

A number of institutional investors have recently modified their holdings of GETY. Skandinaviska Enskilda Banken AB publ bought a new position in Getty Images in the 3rd quarter valued at about $26,000. Tower Research Capital LLC TRC bought a new position in shares of Getty Images in the third quarter valued at approximately $28,000. UBS Group AG purchased a new position in shares of Getty Images during the first quarter valued at approximately $28,000. Lazard Asset Management LLC purchased a new position in shares of Getty Images during the second quarter valued at approximately $41,000. Finally, Delphia USA Inc. bought a new stake in Getty Images during the first quarter worth $64,000. 43.17% of the stock is owned by institutional investors and hedge funds.

Getty Images Company Profile

Getty Images Holdings, Inc operates as a creator and distributor of award-winning still imagery, video, music, and multimedia products. The company provides other forms of premium digital content, including music. Its award-winning photographers and imagery help customers produce inspiring work which appears every day in the world's most influential newspapers, magazines, advertising campaigns, films, television programs, and books.