Getty Images Holdings, Inc. (NYSE:GETY - Get Free Report) shares hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $2.08 and last traded at $2.10, with a volume of 89176 shares. The stock had previously closed at $2.19.
Wall Street Analyst Weigh In
GETY has been the subject of a number of recent research reports. JPMorgan Chase & Co. reiterated an "underweight" rating on shares of Getty Images in a research report on Wednesday, December 18th. Macquarie raised their target price on shares of Getty Images from $3.50 to $3.75 and gave the stock a "neutral" rating in a research note on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $5.61.
View Our Latest Stock Report on GETY
Getty Images Trading Down 4.1 %
The business's 50-day simple moving average is $3.14 and its two-hundred day simple moving average is $3.40. The firm has a market capitalization of $863.26 million, a price-to-earnings ratio of 17.50 and a beta of 1.86. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 1.84.
Insider Activity at Getty Images
In other Getty Images news, CFO Jennifer Leyden sold 12,342 shares of the stock in a transaction that occurred on Tuesday, December 24th. The shares were sold at an average price of $2.20, for a total value of $27,152.40. Following the sale, the chief financial officer now directly owns 261,034 shares of the company's stock, valued at approximately $574,274.80. This represents a 4.51 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Craig Warren Peters sold 32,753 shares of the firm's stock in a transaction on Tuesday, December 24th. The shares were sold at an average price of $2.20, for a total transaction of $72,056.60. Following the completion of the sale, the chief executive officer now owns 1,212,648 shares in the company, valued at $2,667,825.60. The trade was a 2.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 4,266,876 shares of company stock worth $10,629,182. Insiders own 12.30% of the company's stock.
Hedge Funds Weigh In On Getty Images
Several large investors have recently bought and sold shares of GETY. State Street Corp lifted its position in shares of 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 buying an additional 466,521 shares during the last quarter. Bank of New York Mellon Corp acquired a new position in Getty Images in the second quarter valued at $910,000. Rhumbline Advisers purchased a new position in shares of Getty Images during the second quarter worth about $392,000. Geode Capital Management LLC increased its position in shares of Getty Images by 5.6% during the third quarter. Geode Capital Management LLC now owns 1,663,955 shares of the company's stock worth $6,340,000 after purchasing an additional 88,533 shares in the last quarter. Finally, Franklin Resources Inc. purchased a new stake in shares of Getty Images in the 3rd quarter valued at about $221,000. Hedge funds and other institutional investors own 45.75% of the company's stock.
About Getty Images
(
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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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