Getty Images Holdings, Inc. (NYSE:GETY - Get Free Report) saw unusually-strong trading volume on Friday . Approximately 329,680 shares changed hands during mid-day trading, a decline of 31% from the previous session's volume of 479,005 shares.The stock last traded at $2.84 and had previously closed at $2.72.
Wall Street Analyst Weigh In
A number of equities analysts recently weighed in on the stock. Citigroup lowered their price objective on shares of Getty Images from $6.00 to $5.00 and set a "buy" rating for the company in a research report on Tuesday, August 13th. Macquarie raised their price target on Getty Images from $3.50 to $3.75 and gave the stock a "neutral" rating in a research report on Wednesday, November 13th. Finally, Benchmark reaffirmed a "buy" rating and issued a $6.00 price objective on shares of Getty Images in a research note on Tuesday, August 13th.
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Getty Images Stock Performance
The stock has a market capitalization of $1.16 billion, a PE ratio of 23.50 and a beta of 1.86. 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's 50 day moving average is $3.53 and its two-hundred day moving average is $3.52.
Insiders Place Their Bets
In related news, major shareholder Neuberger Berman Group Llc sold 4,100,000 shares of the firm's stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $2.46, for a total value of $10,086,000.00. Following the sale, the insider now owns 74,175,262 shares of the company's stock, valued at $182,471,144.52. This trade represents a 5.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Jennifer Leyden sold 12,124 shares of Getty Images stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $3.61, for a total transaction of $43,767.64. Following the completion of the transaction, the chief financial officer now owns 273,376 shares of the company's stock, valued at $986,887.36. This represents a 4.25 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 4,269,927 shares of company stock worth $10,739,630 over the last 90 days. Corporate insiders own 12.30% of the company's stock.
Hedge Funds Weigh In On Getty Images
Institutional investors and hedge funds have recently modified their holdings of the company. Byrne Asset Management LLC increased its stake in Getty Images by 95.7% in the second quarter. Byrne Asset Management LLC now owns 9,200 shares of the company's stock valued at $29,000 after purchasing an additional 4,500 shares during the last quarter. Spartan Fund Management Inc. acquired a new stake in Getty Images during the 2nd quarter worth $33,000. CIBC Asset Management Inc acquired a new position in Getty Images in the second quarter valued at $36,000. Principal Financial Group Inc. purchased a new position in shares of Getty Images during the second quarter worth about $44,000. Finally, Intech Investment Management LLC purchased a new position in shares of Getty Images during the third quarter worth about $44,000. Institutional investors and hedge funds own 45.75% of the company's stock.
Getty Images Company Profile
(
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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.
Further Reading
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