Wedbush Maintains Positive Outlook for Getty Images Shares

In a recent research report, analysts at Wedbush reaffirmed an "outperform" rating for Getty Images (NYSE:GETY). They set a price target of $7.70, suggesting that there is potential for the stock to increase significantly from its prior closing price. This implied upside is noted to be approximately 142.14%.

On the same day, shares of Getty Images were observed trading up by $0.61, reaching a midday price of $3.18. This movement indicates active trading with a volume of 65,531,353 shares, considerably higher than the average of 19,022,533 shares. The company’s market capitalization currently stands at $1.31 billion, with a price-to-earnings (P/E) ratio of 26.50.

Analyst Insights

Besides Wedbush, other financial institutions have offered their perspectives on Getty Images. For instance, JPMorgan Chase & Co. has maintained an "underweight" rating on the stock, indicating a less optimistic outlook. On the other hand, Macquarie raised their price target from $3.50 to $3.75 while assigning a "neutral" rating. In total, the opinions on the stock are divided with one analyst rating it as a sell, another as hold, and three recommending a buy. The consensus rating sits at "Hold" alongside a target price of $5.61, according to MarketBeat data.

Company and Market Performance

Getty Images has had a challenging year with its stock reaching a low of $2.06 and a high of $5.77. The fifty-day moving average is currently at $2.94, while the two-hundred-day moving average stands at $3.35. The company also exhibits a debt-to-equity ratio of 1.84, alongside liquidity ratios with a quick ratio of 0.79 and a current ratio of 0.79, raising some concerns about its financial stability.

Insider Activity

In the latest insider trading activities, Jennifer Leyden, CFO of Getty Images, sold 12,342 shares at an average price of $2.20, totaling $27,152.40. Her direct ownership now stands at 261,034 shares, valued at approximately $574,274.80, a decrease of 4.51% in her stake. Additionally, CEO Craig Warren Peters disposed of 32,753 shares for $72,056.60, reducing his ownership by 2.63%. Insiders have collectively sold 4,266,876 shares over the previous quarter, indicating a notable trend in insider selling, and currently hold about 12.30% of the company’s stock.

Institutional Holdings

Recent changes in institutional holdings show that various hedge funds have adjusted their stakes in Getty Images. For example, CIBC Asset Management Inc. acquired a new stake worth approximately $36,000. Other notable institutional purchases include positions taken by Intech Investment Management LLC and Principal Financial Group Inc., each valued around $44,000. Overall, institutional investors own approximately 45.75% of Getty Images’ shares.

Overview of Getty Images

Getty Images Holdings, Inc. specializes in providing creative and editorial visual content solutions across multiple regions including the Americas, Europe, and Asia-Pacific. Their services comprise various products such as Getty Images, which supplies both creative and editorial content ranging from still images to videos; iStock.com, an e-commerce platform; and Unsplash.com, which offers free stock photo downloads and has gained considerable traction among semi-professional creators.

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