Getty Images (NYSE:GETY) Reaches New 1-Year Low - Here's What Happened

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.

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.

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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

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.