Getty Images Holdings, Inc. (NYSE:GETY – Get Free Report)’s stock price was down 4% during mid-day trading on Tuesday . The company traded as low as $3.11 and last traded at $3.12. Approximately 101,225 shares traded hands during trading, a decline of 76% from the average daily volume of 422,580 shares. The stock had previously closed at $3.25.
Analyst Ratings Changes
A number of analysts have issued reports on GETY shares. Benchmark cut their price target on shares of Getty Images from $8.00 to $6.00 and set a “buy” rating on the stock in a research note on Friday, May 10th. Wedbush reiterated an “outperform” rating and set a $7.70 price target on shares of Getty Images in a research note on Monday, May 6th. Finally, Citigroup boosted their price target on shares of Getty Images from $5.50 to $6.00 and gave the stock a “buy” rating in a research note on Friday, March 15th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Getty Images presently has an average rating of “Moderate Buy” and a consensus price target of $6.08.
Getty Images Price Performance
The stock has a market capitalization of $1.25 billion, a PE ratio of 50.83 and a beta of 2.09. The company has a debt-to-equity ratio of 2.01, a current ratio of 0.86 and a quick ratio of 0.86. The stock’s 50 day moving average is $3.71 and its two-hundred day moving average is $4.32.
Getty Images (NYSE:GETY – Get Free Report) last announced its quarterly earnings results on Thursday, May 9th. The company reported $0.01 EPS for the quarter, meeting the consensus estimate of $0.01. The company had revenue of $222.28 million for the quarter, compared to analyst estimates of $223.29 million. Getty Images had a net margin of 3.33% and a return on equity of 9.18%. As a group, sell-side analysts forecast that Getty Images Holdings, Inc. will post 0.13 earnings per share for the current fiscal year.
Insider Buying and Selling at Getty Images
In other Getty Images news, Director Chinh Chu sold 213,811 shares of the stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $4.19, for a total value of $895,868.09. Following the transaction, the director now directly owns 8,910,854 shares in the company, valued at $37,336,478.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold 388,865 shares of company stock worth $1,607,846 over the last three months. Insiders own 12.30% of the company’s stock.
Institutional Investors Weigh In On Getty Images
Several large investors have recently modified their holdings of GETY. Natixis acquired a new stake in shares of Getty Images in the first quarter valued at approximately $42,000. EntryPoint Capital LLC acquired a new stake in shares of Getty Images in the first quarter valued at approximately $47,000. Kessler Investment Group LLC acquired a new stake in shares of Getty Images in the first quarter valued at approximately $89,000. Fifth Lane Capital LP acquired a new stake in shares of Getty Images in the first quarter valued at approximately $104,000. Finally, Corton Capital Inc. boosted its holdings in shares of Getty Images by 49.3% in the third quarter. Corton Capital Inc. now owns 16,864 shares of the company’s stock valued at $109,000 after acquiring an additional 5,571 shares during the period. 45.75% of the stock is owned by institutional investors and hedge funds.
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.