Getty Images (NYSE:GETY) Reaches New 12-Month Low - Should You Sell?

Getty Images Holdings, Inc. (NYSE:GETY - Get Free Report)'s stock price hit a new 52-week low on Wednesday . The stock traded as low as $1.70 and last traded at $1.73, with a volume of 510332 shares. The stock had previously closed at $1.73.

Analyst Ratings Changes

A number of research firms recently commented on GETY. Benchmark dropped their target price on shares of Getty Images from $6.00 to $4.50 and set a "buy" rating on the stock in a research report on Tuesday, March 18th. Wedbush reiterated an "outperform" rating and set a $7.70 target price on shares of Getty Images in a research report on Thursday, March 13th. JPMorgan Chase & Co. reissued an "underweight" rating on shares of Getty Images in a report on Wednesday, December 18th. Macquarie restated a "neutral" rating and set a $3.75 price target on shares of Getty Images in a research note on Wednesday, January 8th. Finally, Citigroup reiterated a "neutral" rating and issued a $2.45 price objective on shares of Getty Images in a research note on Monday, March 24th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Getty Images has a consensus rating of "Hold" and a consensus target price of $4.60.

Getty Images Stock Down 11.3 %

The company has a market capitalization of $552.84 million, a price-to-earnings ratio of 11.17 and a beta of 2.00. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.84. The firm's 50 day simple moving average is $2.24 and its 200-day simple moving average is $2.84.

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Getty Images (NYSE:GETY - Get Free Report) last announced its quarterly earnings results on Monday, March 17th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.04 by ($0.05). Getty Images had a net margin of 5.91% and a return on equity of 6.42%. The company had revenue of $247.30 million during the quarter, compared to analysts' expectations of $245.50 million. The company's revenue was up 9.5% on a year-over-year basis. On average, sell-side analysts anticipate that Getty Images Holdings, Inc. will post 0.08 EPS for the current fiscal year.

Insider Transactions at Getty Images

In other news, CEO Craig Warren Peters sold 124,624 shares of the company's stock in a transaction on Tuesday, March 25th. The stock was sold at an average price of $2.12, for a total transaction of $264,202.88. Following the completion of the sale, the chief executive officer now directly owns 1,262,948 shares in the company, valued at $2,677,449.76. This represents a 8.98 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CMO Gene Foca sold 23,475 shares of the business's stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of $2.12, for a total value of $49,767.00. Following the sale, the chief marketing officer now directly owns 468,943 shares of the company's stock, valued at approximately $994,159.16. This trade represents a 4.77 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 226,668 shares of company stock valued at $480,536 over the last three months. 12.30% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Rhumbline Advisers lifted its holdings in shares of Getty Images by 3.6% during the 4th quarter. Rhumbline Advisers now owns 125,421 shares of the company's stock valued at $271,000 after acquiring an additional 4,359 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of Getty Images by 15.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 36,897 shares of the company's stock worth $80,000 after purchasing an additional 4,826 shares in the last quarter. FMR LLC boosted its position in shares of Getty Images by 5.0% in 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. ProShare Advisors LLC grew its stake in shares of Getty Images by 49.0% in the fourth quarter. ProShare Advisors LLC now owns 28,255 shares of the company's stock valued at $61,000 after buying an additional 9,297 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in Getty Images by 25.4% during the 4th quarter. JPMorgan Chase & Co. now owns 46,590 shares of the company's stock worth $101,000 after acquiring an additional 9,434 shares in the last quarter. 45.75% of the stock is owned by institutional investors and hedge funds.

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.