Getty Images (NYSE:GETY) Trading Down 8.4% - Should You Sell?

Getty Images Holdings, Inc. (NYSE:GETY - Get Free Report) shares traded down 8.4% during trading on Monday . The stock traded as low as $2.41 and last traded at $2.41. 623,597 shares changed hands during trading, a decline of 95% from the average session volume of 13,263,062 shares. The stock had previously closed at $2.63.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on GETY shares. JPMorgan Chase & Co. restated an "underweight" rating on shares of Getty Images in a research note on Wednesday, December 18th. Wedbush reissued an "outperform" rating and issued a $7.70 price target on shares of Getty Images in a report on Tuesday, January 7th. Macquarie restated a "neutral" rating and set a $3.75 price objective on shares of Getty Images in a report on Wednesday, January 8th. Finally, Benchmark reiterated a "buy" rating and issued a $6.00 target price on shares of Getty Images in a research note on Friday, January 10th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $5.61.

Getty Images Trading Up 7.8 %

The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.84. The stock has a 50-day simple moving average of $2.77 and a 200 day simple moving average of $3.32. The company has a market cap of $1.14 billion, a price-to-earnings ratio of 23.17 and a beta of 1.93.

Insider Transactions at Getty Images

In other news, Director Chinh Chu sold 22,090 shares of the company's stock in a transaction on Monday, October 28th. The shares were sold at an average price of $4.02, for a total value of $88,801.80. Following the sale, the director now directly owns 9,773,073 shares of the company's stock, valued at $39,287,753.46. This represents a 0.23 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Craig Warren Peters sold 32,753 shares of the stock in a transaction on Tuesday, December 24th. The stock was 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 position. The disclosure for this sale can be found here. Insiders sold a total of 4,249,754 shares of company stock worth $10,560,522 over the last three months. 12.30% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Getty Images

Hedge funds have recently added to or reduced their stakes in the business. Intech Investment Management LLC acquired a new position in shares of Getty Images in the 3rd quarter valued at about $44,000. Aigen Investment Management LP acquired a new position in Getty Images in the third quarter valued at approximately $48,000. Principal Financial Group Inc. acquired a new position in Getty Images in the second quarter valued at approximately $44,000. Verition Fund Management LLC purchased a new stake in Getty Images in the 3rd quarter worth approximately $96,000. Finally, Renaissance Technologies LLC acquired a new stake in shares of Getty Images during the 2nd quarter worth approximately $91,000. 45.75% of the stock is owned by hedge funds and other institutional investors.

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.