Getty Images (NYSE:GETY) Shares Gap Down – What’s Next?

Getty Images Holdings, Inc. (NYSE:GETY)’s share price gapped down before the market opened on Tuesday . The stock had previously closed at $2.44, but opened at $2.39. Getty Images shares last traded at $2.38, with a volume of 370,699 shares changing hands.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on GETY shares. Benchmark restated a “buy” rating and set a $6.00 target price on shares of Getty Images in a report on Friday. Wedbush reiterated an “outperform” rating and issued a $7.70 price objective on shares of Getty Images in a research note on Tuesday, January 7th. JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Getty Images in a research note on Wednesday, December 18th. Finally, Macquarie reiterated a “neutral” rating and issued a $3.75 price objective on shares of Getty Images in a research note on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Getty Images presently has an average rating of “Hold” and a consensus target price of $5.61.

Getty Images Stock Down 4.9 %

The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.79 and a current ratio of 0.79. The firm has a market cap of $953.69 million, a price-to-earnings ratio of 19.33 and a beta of 1.93. The firm has a 50-day moving average price of $2.81 and a two-hundred day moving average price of $3.33.

Insider Transactions at Getty Images

In other Getty Images news, CFO Jennifer Leyden sold 12,342 shares of Getty Images stock in a transaction that occurred 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 transaction, the chief financial officer now owns 261,034 shares of the company’s stock, valued at $574,274.80. The trade was a 4.51 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Chinh Chu sold 17,122 shares of Getty Images stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $4.01, for a total value of $68,659.22. Following the transaction, the director now directly owns 9,846,814 shares in the company, valued at approximately $39,485,724.14. This trade represents a 0.17 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 4,266,876 shares of company stock valued at $10,629,182. Corporate insiders own 12.30% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC increased its position in Getty Images by 5.6% during the third quarter. Geode Capital Management LLC now owns 1,663,955 shares of the company’s stock worth $6,340,000 after buying an additional 88,533 shares during the period. State Street Corp increased its position in Getty Images by 46.3% during the third quarter. State Street Corp now owns 1,474,167 shares of the company’s stock worth $5,617,000 after buying an additional 466,521 shares during the period. Charles Schwab Investment Management Inc. increased its position in Getty Images by 12.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 524,987 shares of the company’s stock worth $2,000,000 after buying an additional 58,135 shares during the period. Bank of New York Mellon Corp acquired a new position in Getty Images during the second quarter worth approximately $910,000. Finally, FMR LLC increased its position in Getty Images by 5.0% during the third quarter. FMR LLC now owns 166,221 shares of the company’s stock worth $633,000 after buying an additional 7,897 shares during the period. Institutional investors and hedge funds own 45.75% of the company’s stock.

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.