Getty Images (NYSE:GETY) Earns “Underweight” Rating from JPMorgan Chase & Co.

Getty Images (NYSE:GETY)‘s stock had its “underweight” rating reiterated by analysts at JPMorgan Chase & Co. in a research report issued to clients and investors on Wednesday, MarketBeat Ratings reports.

Separately, Macquarie lifted their target price on shares of Getty Images from $3.50 to $3.75 and gave the stock a “neutral” rating in a research note on Wednesday, November 13th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $5.61.

Getty Images Price Performance

GETY stock opened at $2.29 on Wednesday. The stock has a fifty day moving average of $3.34 and a 200-day moving average of $3.47. Getty Images has a fifty-two week low of $2.21 and a fifty-two week high of $5.77. The company has a market capitalization of $941.36 million, a price-to-earnings ratio of 19.08 and a beta of 1.86. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.79 and a current ratio of 0.79.

Insider Buying and Selling

In other Getty Images news, major shareholder Neuberger Berman Group Llc sold 4,100,000 shares of the company’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $2.46, for a total value of $10,086,000.00. Following the transaction, the insider now directly owns 74,175,262 shares in the company, valued at $182,471,144.52. This represents a 5.24 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, General Counsel Kjelti Wilkes Kellough sold 8,070 shares of Getty Images 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 sale, the general counsel now owns 258,630 shares of the company’s stock, valued at approximately $933,654.30. This trade represents a 3.03 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 4,269,927 shares of company stock valued at $10,739,630. Corporate insiders own 12.30% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP grew its stake in Getty Images by 18.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 47,447 shares of the company’s stock worth $155,000 after buying an additional 7,267 shares in the last quarter. FMR LLC grew its position in Getty Images by 5.0% in the third quarter. FMR LLC now owns 166,221 shares of the company’s stock worth $633,000 after acquiring an additional 7,897 shares in the last quarter. Spartan Fund Management Inc. purchased a new position in Getty Images in the second quarter worth $33,000. CIBC Asset Management Inc bought a new position in Getty Images in the second quarter valued at $36,000. Finally, Intech Investment Management LLC bought a new stake in Getty Images during the third quarter worth about $44,000. 45.75% of the stock is currently owned by institutional investors.

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.