Getty Images (NYSE:GETY) Stock Price Down 2.8%

Getty Images Holdings, Inc. (NYSE:GETY) shares traded down 2.8% during trading on Friday . The company traded as low as $3.47 and last traded at $3.47. 178,138 shares traded hands during trading, a decline of 54% from the average session volume of 385,646 shares. The stock had previously closed at $3.57.

Analyst Ratings Changes

A number of research firms have issued reports on GETY. Citigroup raised their target price on Getty Images from $5.50 to $6.00 and gave the company a “buy” rating in a research note on Friday, March 15th. Benchmark reduced their target price on shares of Getty Images from $8.00 to $6.00 and set a “buy” rating for the company in a research note on Friday, May 10th. Finally, Wedbush restated an “outperform” rating and issued a $7.70 price target on shares of Getty Images in a research note on Monday, May 6th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $6.08.

Getty Images Price Performance

The business has a 50-day simple moving average of $4.01 and a two-hundred day simple moving average of $4.52. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 2.01. The stock has a market capitalization of $1.40 billion, a price-to-earnings ratio of 59.50 and a beta of 2.13.

Getty Images (NYSE:GETY) last announced its quarterly earnings data on Thursday, March 14th. The company reported $0.09 earnings per share for the quarter. Getty Images had a return on equity of 9.18% and a net margin of 3.33%. The business had revenue of $225.94 million during the quarter, compared to analyst estimates of $227.00 million. As a group, research analysts predict that Getty Images Holdings, Inc. will post 0.13 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, SVP Kenneth Arrigo Mainardis sold 33,177 shares of Getty Images stock in a transaction on Monday, March 18th. The stock was sold at an average price of $4.64, for a total value of $153,941.28. Following the transaction, the senior vice president now directly owns 261,560 shares in the company, valued at approximately $1,213,638.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, SVP Peter Orlowsky sold 22,579 shares of the stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $4.96, for a total value of $111,991.84. Following the completion of the sale, the senior vice president now directly owns 211,872 shares of the company’s stock, valued at $1,050,885.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Kenneth Arrigo Mainardis sold 33,177 shares of the business’s stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $4.64, for a total transaction of $153,941.28. Following the transaction, the senior vice president now directly owns 261,560 shares in the company, valued at $1,213,638.40. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,276,490 shares of company stock worth $5,677,587. Corporate insiders own 12.30% of the company’s stock.

Hedge Funds Weigh In On Getty Images

Several institutional investors and hedge funds have recently modified their holdings of the stock. Skandinaviska Enskilda Banken AB publ bought a new position in Getty Images during the third quarter valued at about $26,000. Natixis acquired a new stake in shares of Getty Images in the first quarter valued at $42,000. EntryPoint Capital LLC bought a new position in shares of Getty Images in the first quarter worth about $47,000. Corton Capital Inc. boosted its position in Getty Images by 49.3% in the 3rd quarter. Corton Capital Inc. now owns 16,864 shares of the company’s stock valued at $109,000 after buying an additional 5,571 shares during the last quarter. Finally, Victory Capital Management Inc. acquired a new position in Getty Images during the 3rd quarter valued at about $136,000. 45.75% of the stock is currently owned by hedge funds and other institutional investors.

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.