Wedbush Reiterates “Outperform” Rating for Getty Images (NYSE:GETY)

Getty Images (NYSE:GETY)‘s stock had its “outperform” rating restated by Wedbush in a research report issued on Thursday,RTT News reports. They presently have a $7.70 price objective on the stock. Wedbush’s price target indicates a potential upside of 282.13% from the stock’s current price.

A number of other research analysts have also recently commented on GETY. JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of Getty Images in a research report on Wednesday, December 18th. Benchmark restated a “buy” rating and issued a $6.00 target price on shares of Getty Images in a research note on Friday, January 10th. Finally, Macquarie reiterated a “neutral” rating and set a $3.75 price target on shares of Getty Images in a research report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $5.61.

Getty Images Stock Down 1.7 %

Getty Images stock traded down $0.04 during trading on Thursday, hitting $2.02. 812,844 shares of the company were exchanged, compared to its average volume of 3,364,096. The business’s 50 day moving average is $2.48 and its 200 day moving average is $3.04. Getty Images has a 52 week low of $1.90 and a 52 week high of $5.70. The company has a market capitalization of $828.32 million, a P/E ratio of 16.79 and a beta of 1.97. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.84.

Insider Buying and Selling

In other news, CFO Jennifer Leyden sold 12,342 shares of the firm’s stock in a transaction 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 transaction, the chief financial officer now directly owns 261,034 shares in the company, valued at $574,274.80. This trade represents a 4.51 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Craig Warren Peters sold 32,753 shares of the firm’s stock in a transaction 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 transaction, the chief executive officer now owns 1,212,648 shares of the company’s stock, valued at $2,667,825.60. The trade was a 2.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 70,521 shares of company stock valued at $155,146 over the last quarter. 12.30% of the stock is owned by company insiders.

Hedge Funds Weigh In On Getty Images

Several institutional investors and hedge funds have recently modified their holdings of the stock. Koch Inc. bought a new stake in Getty Images in the 4th quarter worth about $174,385,000. Toronto Dominion Bank bought a new stake in Getty Images in the 4th quarter worth about $3,553,000. Wexford Capital LP bought a new stake in Getty Images in the 4th quarter worth about $80,000. ProShare Advisors LLC increased its holdings in Getty Images by 49.0% in the 4th quarter. ProShare Advisors LLC now owns 28,255 shares of the company’s stock worth $61,000 after buying an additional 9,297 shares in the last quarter. Finally, Occudo Quantitative Strategies LP bought a new stake in Getty Images in the 4th quarter worth about $168,000. 45.75% of the stock is currently owned by 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.