Getty Images (NYSE:GETY) Trading Up 10% - Time to Buy?

Getty Images Holdings, Inc. (NYSE:GETY - Get Free Report)'s share price rose 10% on Monday . The stock traded as high as $1.47 and last traded at $1.49. Approximately 819,511 shares were traded during trading, a decline of 27% from the average daily volume of 1,115,818 shares. The stock had previously closed at $1.35.

Wall Street Analyst Weigh In

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

Getty Images Trading Up 2.3 %

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 market cap of $637.42 million, a P/E ratio of 12.88 and a beta of 2.00. The business's fifty day simple moving average is $2.10 and its 200 day simple moving average is $2.75.

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

Insider Buying and Selling at Getty Images

In other news, SVP Cho Mikael sold 18,590 shares of Getty Images stock in a transaction that occurred on Tuesday, March 25th. The shares were sold at an average price of $2.12, for a total value of $39,410.80. Following the sale, the senior vice president now directly owns 123,862 shares in the company, valued at $262,587.44. This trade represents a 13.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Craig Warren Peters sold 124,624 shares of the stock in a transaction on Tuesday, March 25th. The stock was sold at an average price of $2.12, for a total transaction of $264,202.88. Following the transaction, the chief executive officer now owns 1,262,948 shares of the company's stock, valued at $2,677,449.76. The trade was a 8.98 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 226,668 shares of company stock valued at $480,536. 12.30% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Koch Inc. acquired a new position in shares of Getty Images during the 4th quarter worth about $183,865,000. Vanguard Group Inc. increased its position in Getty Images by 7.3% during the fourth quarter. Vanguard Group Inc. now owns 10,225,249 shares of the company's stock worth $22,087,000 after buying an additional 698,829 shares during the last quarter. Geode Capital Management LLC raised its stake in Getty Images by 0.7% in the fourth quarter. Geode Capital Management LLC now owns 1,675,635 shares of the company's stock valued at $3,620,000 after buying an additional 11,680 shares during the period. Toronto Dominion Bank acquired a new stake in shares of Getty Images in the fourth quarter valued at approximately $3,553,000. Finally, State Street Corp boosted its stake 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 worth $5,617,000 after acquiring an additional 466,521 shares during the period. Institutional investors and hedge funds own 45.75% of the company's stock.

About Getty Images

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.