Getty Images (NYSE:GETY) Hits New 1-Year Low - Here's Why

Getty Images Holdings, Inc. (NYSE:GETY - Get Free Report) shares hit a new 52-week low during trading on Friday . The stock traded as low as $2.60 and last traded at $2.67, with a volume of 31443 shares trading hands. The stock had previously closed at $2.69.

Analyst Ratings Changes

Separately, Macquarie lifted their target price on Getty Images from $3.50 to $3.75 and gave the stock a "neutral" rating in a report on Wednesday, November 13th.

Getty Images Price Performance

The company has a debt-to-equity ratio of 1.84, a current ratio of 0.79 and a quick ratio of 0.79. The business's 50 day moving average price is $3.44 and its 200 day moving average price is $3.50. The stock has a market capitalization of $1.10 billion, a P/E ratio of 22.25 and a beta of 1.86.

Insider Buying and Selling at Getty Images

In other news, major shareholder Neuberger Berman Group Llc sold 4,100,000 shares of Getty Images stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $2.46, for a total transaction of $10,086,000.00. Following the transaction, the insider now owns 74,175,262 shares in the company, valued at $182,471,144.52. This trade represents a 5.24 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Jennifer Leyden sold 12,124 shares of the company's stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $3.61, for a total value of $43,767.64. Following the completion of the sale, the chief financial officer now owns 273,376 shares of the company's stock, valued at $986,887.36. This trade represents a 4.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 4,269,927 shares of company stock worth $10,739,630. Insiders own 12.30% of the company's stock.

Institutional Trading of Getty Images

Several institutional investors have recently made changes to their positions in GETY. Byrne Asset Management LLC raised its stake in shares of 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 acquiring an additional 4,500 shares during the period. Spartan Fund Management Inc. acquired a new position in Getty Images during the 2nd quarter valued at approximately $33,000. CIBC Asset Management Inc purchased a new position in shares of Getty Images in the second quarter worth about $36,000. Principal Financial Group Inc. purchased a new stake in shares of Getty Images in the 2nd quarter valued at $44,000. Finally, Intech Investment Management LLC acquired a new stake in shares of Getty Images during the 3rd quarter worth approximately $44,000. Hedge funds and other institutional investors own 45.75% of the company's stock.

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.