Getty Images Sees Unusually High Options Volume (NYSE:GETY)

Getty Images Holdings, Inc. (NYSE:GETY) was the recipient of some unusual options trading on Wednesday. Stock traders acquired 20,758 put options on the stock. This is an increase of approximately 3,108% compared to the average volume of 647 put options.

Insider Buying and Selling at Getty Images

In other news, Director Chinh Chu sold 48,400 shares of the business’s stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $4.05, for a total value of $196,020.00. Following the completion of the transaction, the director now owns 9,706,670 shares of the company’s stock, valued at $39,312,013.50. The trade was a 0.50 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Craig Warren Peters sold 32,753 shares of Getty Images stock in a transaction dated Tuesday, December 24th. The stock was 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 in the company, valued at approximately $2,667,825.60. This represents a 2.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 4,266,876 shares of company stock valued at $10,629,182. 12.30% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Getty Images

Institutional investors and hedge funds have recently bought and sold shares of the company. Bank of New York Mellon Corp acquired a new stake in shares of Getty Images in the 2nd quarter valued at $910,000. Principal Financial Group Inc. acquired a new stake in Getty Images in the second quarter valued at about $44,000. CIBC Asset Management Inc bought a new position in Getty Images in the second quarter valued at about $36,000. Rhumbline Advisers bought a new position in Getty Images in the second quarter valued at about $392,000. Finally, Dimensional Fund Advisors LP raised its stake in Getty Images by 18.1% during the second quarter. Dimensional Fund Advisors LP now owns 47,447 shares of the company’s stock worth $155,000 after acquiring an additional 7,267 shares in the last quarter. Institutional investors own 45.75% of the company’s stock.

Getty Images Stock Performance

Shares of NYSE:GETY traded down $0.65 on Wednesday, reaching $2.54. 7,257,888 shares of the company’s stock were exchanged, compared to its average volume of 16,604,037. Getty Images has a twelve month low of $2.06 and a twelve month high of $5.77. The company has a fifty day moving average of $2.93 and a 200-day moving average of $3.34. The company has a market capitalization of $1.04 billion, a price-to-earnings ratio of 21.17 and a beta of 1.93. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.84.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Wedbush reaffirmed an “outperform” rating and set a $7.70 price target on shares of Getty Images in a research report on Tuesday. Macquarie restated a “neutral” rating and set a $3.75 target price on shares of Getty Images in a report on Wednesday. Finally, JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of Getty Images in a research report on Wednesday, December 18th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $5.61.

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.