Getty Images (NYSE:GETY) Stock Price Down 8.4% - Time to Sell?

Getty Images Holdings, Inc. (NYSE:GETY - Get Free Report)'s stock price 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 traded hands during mid-day trading, a decline of 95% from the average session volume of 13,263,062 shares. The stock had previously closed at $2.63.

Analyst Ratings Changes

A number of research analysts recently issued reports on GETY shares. Macquarie reaffirmed a "neutral" rating and issued a $3.75 price target on shares of Getty Images in a report on Wednesday, January 8th. JPMorgan Chase & Co. reaffirmed an "underweight" rating on shares of Getty Images in a report on Wednesday, December 18th. Wedbush reissued an "outperform" rating and set a $7.70 price objective on shares of Getty Images in a report on Tuesday, January 7th. Finally, Benchmark reissued a "buy" rating and set a $6.00 price objective on shares of Getty Images in a report on Friday. 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 company's stock. According to data from MarketBeat.com, Getty Images presently has a consensus rating of "Hold" and an average target price of $5.61.

Getty Images Trading Down 7.2 %

The company has a market cap of $1.00 billion, a P/E ratio of 20.33 and a beta of 1.93. 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 business has a 50 day moving average price of $2.81 and a 200-day moving average price of $3.33.

Insider Activity at Getty Images

In other news, Director Chinh Chu sold 8,243 shares of the business's stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $4.01, for a total transaction of $33,054.43. Following the sale, the director now directly owns 9,795,163 shares in the company, valued at approximately $39,278,603.63. The trade was a 0.08 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder Neuberger Berman Group Llc sold 4,100,000 shares of the business's stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $2.46, for a total value of $10,086,000.00. Following the sale, the insider now owns 74,175,262 shares in the company, valued at approximately $182,471,144.52. This trade represents a 5.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 4,266,876 shares of company stock worth $10,629,182. Company insiders own 12.30% of the company's stock.

Institutional Trading of Getty Images

Several institutional investors have recently added to or reduced their stakes in the stock. State Street Corp lifted its stake in Getty Images by 46.3% in the third quarter. State Street Corp now owns 1,474,167 shares of the company's stock valued at $5,617,000 after buying an additional 466,521 shares during the period. Bank of New York Mellon Corp acquired a new position in shares of Getty Images during the second quarter worth approximately $910,000. Rhumbline Advisers acquired a new position in shares of Getty Images during the second quarter worth approximately $392,000. Geode Capital Management LLC raised 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 during the period. Finally, Franklin Resources Inc. acquired a new position in shares of Getty Images during the third quarter worth approximately $221,000. 45.75% of the stock is currently owned by 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.