Getty Images (NYSE:GETY) Sets New 1-Year Low - Should You Sell?

Getty Images Holdings, Inc. (NYSE:GETY - Get Free Report) reached a new 52-week low on Monday . The stock traded as low as $2.03 and last traded at $2.04, with a volume of 374668 shares trading hands. The stock had previously closed at $2.14.

Analysts Set New Price Targets

Several equities analysts recently issued reports on GETY shares. JPMorgan Chase & Co. restated an "underweight" rating on shares of Getty Images in a research note on Wednesday, December 18th. Benchmark restated a "buy" rating and set a $6.00 price objective on shares of Getty Images in a research report on Friday, January 10th. Wedbush reaffirmed an "outperform" rating and issued a $7.70 target price on shares of Getty Images in a research report on Tuesday, January 7th. Finally, Macquarie reissued a "neutral" rating and issued a $3.75 price target on shares of Getty Images in a report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, Getty Images currently has a consensus rating of "Hold" and a consensus price target of $5.61.

Getty Images Price Performance

The company has a 50-day moving average of $2.49 and a 200 day moving average of $3.08. 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 $852.98 million, a P/E ratio of 17.29 and a beta of 1.97.

Insider Buying and Selling at Getty Images

In related news, CFO Jennifer Leyden sold 12,342 shares of the company's stock in a transaction dated Tuesday, December 24th. The shares were 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 in the company, valued at $574,274.80. This represents a 4.51 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Craig Warren Peters sold 32,753 shares of the stock in a transaction dated Tuesday, December 24th. The stock was sold at an average price of $2.20, for a total transaction of $72,056.60. Following the sale, the chief executive officer now directly owns 1,212,648 shares in the company, valued at approximately $2,667,825.60. This represents a 2.63 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 70,521 shares of company stock valued at $155,146. 12.30% of the stock is currently owned by company insiders.

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Hedge Funds Weigh In On Getty Images

Institutional investors have recently modified their holdings of the stock. Charles Schwab Investment Management Inc. increased its holdings in shares of Getty Images by 12.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 524,987 shares of the company's stock valued at $2,000,000 after purchasing an additional 58,135 shares in the last quarter. Franklin Resources Inc. bought a new position in Getty Images in the 3rd quarter valued at $221,000. Barclays PLC increased its stake in shares of Getty Images by 47.1% in the 3rd quarter. Barclays PLC now owns 156,216 shares of the company's stock valued at $596,000 after buying an additional 49,995 shares during the period. Jane Street Group LLC raised its position in shares of Getty Images by 139.8% during the third quarter. Jane Street Group LLC now owns 67,712 shares of the company's stock worth $258,000 after acquiring an additional 39,477 shares during the last quarter. Finally, State Street Corp lifted its stake in shares of Getty Images by 46.3% during the third quarter. State Street Corp now owns 1,474,167 shares of the company's stock valued at $5,617,000 after acquiring an additional 466,521 shares during the period. 45.75% of the stock is owned by 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.