Getty Images (NYSE:GETY) Hits New 1-Year Low - What's Next?

Getty Images Holdings, Inc. (NYSE:GETY - Get Free Report)'s stock price reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $2.84 and last traded at $2.84, with a volume of 17057 shares traded. The stock had previously closed at $2.90.

Analyst Ratings Changes

Several equities research analysts recently weighed in on GETY shares. Benchmark reiterated a "buy" rating and issued a $6.00 target price on shares of Getty Images in a research note on Tuesday, August 13th. Macquarie boosted their price objective on Getty Images from $3.50 to $3.75 and gave the company a "neutral" rating in a research report on Wednesday, November 13th. Finally, Citigroup reduced their target price on Getty Images from $6.00 to $5.00 and set a "buy" rating for the company in a research report on Tuesday, August 13th.

Getty Images Trading Up 1.7 %

The company has a 50 day moving average of $3.73 and a 200 day moving average of $3.60. The firm has a market cap of $1.21 billion, a price-to-earnings ratio of 24.58 and a beta of 2.02. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.84.

Insider Buying and Selling at Getty Images

In other Getty Images news, Director Chinh Chu sold 48,400 shares of the business's stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $4.05, for a total value of $196,020.00. Following the transaction, the director now owns 9,706,670 shares of the company's stock, valued at approximately $39,312,013.50. The trade was a 0.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Craig Warren Peters sold 32,170 shares of the firm's stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $3.61, for a total value of $116,133.70. Following the completion of the sale, the chief executive officer now owns 1,245,401 shares of the company's stock, valued at approximately $4,495,897.61. This trade represents a 2.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 169,427 shares of company stock worth $652,130 over the last ninety days. Corporate insiders own 12.30% of the company's stock.

Institutional Trading of Getty Images

Hedge funds have recently modified their holdings of the stock. Byrne Asset Management LLC boosted its position in Getty Images by 95.7% in the 2nd quarter. Byrne Asset Management LLC now owns 9,200 shares of the company's stock valued at $29,000 after buying an additional 4,500 shares during the last quarter. Spartan Fund Management Inc. bought a new position in Getty Images in the second quarter valued at about $33,000. CIBC Asset Management Inc acquired a new stake in Getty Images in the second quarter worth about $36,000. Natixis acquired a new position in Getty Images during the 1st quarter valued at about $42,000. Finally, Principal Financial Group Inc. bought a new position in shares of Getty Images in the 2nd quarter valued at about $44,000. 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.