Getty Images Holdings, Inc. (NYSE:GETY - Get Free Report) gapped up before the market opened on Tuesday . The stock had previously closed at $2.57, but opened at $3.70. Getty Images shares last traded at $3.62, with a volume of 37,283,006 shares trading hands.
Analyst Ratings Changes
GETY has been the subject of several research analyst reports. Macquarie raised their price objective on shares of Getty Images from $3.50 to $3.75 and gave the stock a "neutral" rating in a report on Wednesday, November 13th. JPMorgan Chase & Co. reaffirmed an "underweight" rating on shares of Getty Images in a research note on Wednesday, December 18th. Finally, Wedbush reissued an "outperform" rating and set a $7.70 price objective on shares of Getty Images in a research report on Tuesday. One investment 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's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $5.61.
Read Our Latest Report on Getty Images
Getty Images Stock Performance
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 firm has a market capitalization of $1.31 billion, a P/E ratio of 26.50 and a beta of 1.93. The business's 50 day simple moving average is $2.94 and its two-hundred day simple moving average is $3.35.
Insider Buying and Selling at Getty Images
In other Getty Images news, major shareholder Neuberger Berman Group Llc sold 4,100,000 shares of the company'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 completion of the sale, the insider now owns 74,175,262 shares in the company, valued at $182,471,144.52. This represents a 5.24 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Chinh Chu sold 48,400 shares of Getty Images stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $4.05, for a total value of $196,020.00. Following the transaction, the director now directly owns 9,706,670 shares in the company, valued at approximately $39,312,013.50. The trade was a 0.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, 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
Institutional investors and hedge funds have recently modified their holdings of the company. Charles Schwab Investment Management Inc. increased its holdings in shares of Getty Images by 12.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 524,987 shares of the company's stock worth $2,000,000 after purchasing an additional 58,135 shares during the last quarter. Franklin Resources Inc. bought a new stake in Getty Images in the 3rd quarter worth approximately $221,000. Barclays PLC raised its holdings in shares of Getty Images by 47.1% during the 3rd quarter. Barclays PLC now owns 156,216 shares of the company's stock worth $596,000 after acquiring an additional 49,995 shares in the last quarter. State Street Corp boosted 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 valued at $5,617,000 after acquiring an additional 466,521 shares during the last quarter. Finally, Bank of New York Mellon Corp purchased a new position in shares of Getty Images in the second quarter valued at $910,000. 45.75% of the stock is currently owned by institutional investors.
About Getty Images
(
Get Free Report)
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.
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