Getty Images (NYSE:GETY) Shares Gap Down - Time to Sell?

Shares of Getty Images Holdings, Inc. (NYSE:GETY - Get Free Report) gapped down before the market opened on Tuesday . The stock had previously closed at $2.44, but opened at $2.39. Getty Images shares last traded at $2.38, with a volume of 370,699 shares.

Wall Street Analysts Forecast Growth

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

Getty Images Price Performance

The company has a market capitalization of $1.06 billion, a price-to-earnings ratio of 21.50 and a beta of 1.93. The company has a 50-day moving average price of $2.81 and a 200-day moving average price of $3.33. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.79 and a current ratio of 0.79.

Insider Activity at Getty Images

In other Getty Images news, CFO Jennifer Leyden sold 12,342 shares of the company's stock in a transaction that occurred on Tuesday, December 24th. The stock was sold at an average price of $2.20, for a total transaction of $27,152.40. Following the completion of the transaction, the chief financial officer now owns 261,034 shares of the company's stock, valued at $574,274.80. This represents a 4.51 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Craig Warren Peters sold 32,753 shares of Getty Images stock in a transaction that occurred 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. This trade represents a 2.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 4,266,876 shares of company stock worth $10,629,182. 12.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

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

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.