Getty Images (NYSE:GETY) Stock Price Down 3.9% - Should You Sell?

Getty Images Holdings, Inc. (NYSE:GETY - Get Free Report) shares dropped 3.9% during mid-day trading on Tuesday . The stock traded as low as $2.15 and last traded at $2.12. Approximately 38,208 shares were traded during mid-day trading, a decline of 97% from the average daily volume of 1,092,965 shares. The stock had previously closed at $2.20.

Analysts Set New Price Targets

Several analysts have recently weighed in on GETY shares. Citigroup reissued a "neutral" rating and issued a $2.45 target price on shares of Getty Images in a report on Monday, March 24th. Benchmark decreased their price objective on Getty Images from $6.00 to $4.50 and set a "buy" rating on the stock in a research note on Tuesday, March 18th. Macquarie reissued a "neutral" rating and issued a $3.75 price objective on shares of Getty Images in a research report on Wednesday, January 8th. Wedbush reiterated an "outperform" rating and set a $7.70 target price on shares of Getty Images in a research note on Thursday, March 13th. Finally, JPMorgan Chase & Co. restated an "underweight" rating on shares of Getty Images in a research report on Wednesday, December 18th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $4.60.

Getty Images Price Performance

The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 1.84. The stock has a market capitalization of $736.43 million, a price-to-earnings ratio of 14.88 and a beta of 1.97. The business's 50 day simple moving average is $2.35 and its 200-day simple moving average is $2.91.

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Getty Images (NYSE:GETY - Get Free Report) last posted its quarterly earnings results on Monday, March 17th. The company reported ($0.01) EPS for the quarter, missing analysts' consensus estimates of $0.04 by ($0.05). The company had revenue of $247.30 million during the quarter, compared to analyst estimates of $245.50 million. Getty Images had a return on equity of 6.42% and a net margin of 5.91%. The business's revenue for the quarter was up 9.5% compared to the same quarter last year. On average, research analysts forecast that Getty Images Holdings, Inc. will post 0.08 earnings per share for the current year.

Insider Activity at Getty Images

In related news, SVP Cho Mikael sold 18,590 shares of the company's stock in a transaction that occurred on Tuesday, March 25th. The stock was sold at an average price of $2.12, for a total value of $39,410.80. Following the sale, the senior vice president now owns 123,862 shares in the company, valued at $262,587.44. This represents a 13.05 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Jennifer Leyden sold 29,607 shares of Getty Images stock in a transaction that occurred on Tuesday, March 25th. The stock was sold at an average price of $2.12, for a total transaction of $62,766.84. Following the completion of the sale, the chief financial officer now owns 278,072 shares of the company's stock, valued at $589,512.64. This represents a 9.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 226,668 shares of company stock valued at $480,536. Insiders own 12.30% of the company's stock.

Hedge Funds Weigh In On Getty Images

Several hedge funds have recently added to or reduced their stakes in the company. Rhumbline Advisers boosted its position in Getty Images by 3.6% during the fourth quarter. Rhumbline Advisers now owns 125,421 shares of the company's stock valued at $271,000 after purchasing an additional 4,359 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in Getty Images by 15.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 36,897 shares of the company's stock valued at $80,000 after acquiring an additional 4,826 shares during the period. FMR LLC lifted its position in shares of Getty Images by 5.0% in the third quarter. FMR LLC now owns 166,221 shares of the company's stock valued at $633,000 after acquiring an additional 7,897 shares in the last quarter. ProShare Advisors LLC boosted its position in Getty Images by 49.0% during the fourth quarter. ProShare Advisors LLC now owns 28,255 shares of the company's stock worth $61,000 after acquiring an additional 9,297 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of Getty Images by 25.4% during the 4th quarter. JPMorgan Chase & Co. now owns 46,590 shares of the company's stock worth $101,000 after acquiring an additional 9,434 shares during the period. 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.