Getty Images Holdings, Inc. (NYSE:GETY - Get Free Report) reached a new 52-week low on Tuesday . The stock traded as low as $2.06 and last traded at $2.09, with a volume of 266107 shares changing hands. The stock had previously closed at $2.21.
Wall Street Analyst Weigh In
Several analysts have recently issued reports on GETY shares. Benchmark reissued a "buy" rating and set a $6.00 price target on shares of Getty Images in a research report on Friday, January 10th. Macquarie reiterated a "neutral" rating and set a $3.75 target price on shares of Getty Images in a report on Wednesday, January 8th. JPMorgan Chase & Co. reissued an "underweight" rating on shares of Getty Images in a research report on Wednesday, December 18th. Finally, Wedbush reaffirmed an "outperform" rating and set a $7.70 price objective on shares of Getty Images in a research report on Tuesday, January 7th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $5.61.
Read Our Latest Stock Analysis on Getty Images
Getty Images Trading Up 1.2 %
The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 1.84. The stock has a market cap of $877.65 million, a price-to-earnings ratio of 17.79 and a beta of 1.94. The company's fifty day moving average is $2.50 and its two-hundred day moving average is $3.12.
Insider Activity
In other news, CEO Craig Warren Peters sold 32,753 shares of Getty Images 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 owns 1,212,648 shares in the company, valued at approximately $2,667,825.60. The trade was a 2.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Jennifer Leyden sold 12,342 shares of Getty Images stock in a transaction that occurred on Tuesday, December 24th. The stock was sold at an average price of $2.20, for a total value of $27,152.40. Following the transaction, the chief financial officer now directly owns 261,034 shares in the company, valued at approximately $574,274.80. This trade represents a 4.51 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 70,521 shares of company stock worth $155,146. 12.30% of the stock is currently owned by corporate insiders.
Institutional Trading of Getty Images
Institutional investors and hedge funds have recently bought and sold shares of the business. Koch Inc. acquired a new position in Getty Images in the fourth quarter valued at $183,865,000. Vanguard Group Inc. grew its holdings in shares of Getty Images by 7.3% during the fourth quarter. Vanguard Group Inc. now owns 10,225,249 shares of the company's stock worth $22,087,000 after buying an additional 698,829 shares during the last quarter. Geode Capital Management LLC increased its position in Getty Images by 0.7% in the 4th quarter. Geode Capital Management LLC now owns 1,675,635 shares of the company's stock valued at $3,620,000 after acquiring an additional 11,680 shares during the period. Toronto Dominion Bank purchased a new stake in Getty Images during the 4th quarter valued at approximately $3,553,000. Finally, State Street Corp lifted its position in Getty Images by 46.3% during the 3rd quarter. State Street Corp now owns 1,474,167 shares of the company's stock worth $5,617,000 after acquiring an additional 466,521 shares during the period. Hedge funds and other institutional investors own 45.75% of the company's stock.
About Getty Images
(
Get Free Report)
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.
See Also
Before you consider Getty Images, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Getty Images wasn't on the list.
While Getty Images currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
