Getty Images (NYSE:GETY) Stock Price Up 7.5% - Here's Why

Getty Images Holdings, Inc. (NYSE:GETY - Get Free Report) shot up 7.5% during mid-day trading on Monday . The company traded as high as $2.60 and last traded at $2.57. 244,934 shares changed hands during trading, a decline of 92% from the average session volume of 3,008,002 shares. The stock had previously closed at $2.39.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on GETY shares. JPMorgan Chase & Co. reiterated an "underweight" rating on shares of Getty Images in a report on Wednesday, December 18th. Macquarie upped their target price on Getty Images from $3.50 to $3.75 and gave the company a "neutral" rating in a research note on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $5.61.

Getty Images Trading Up 7.5 %

The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.79 and a current ratio of 0.79. The company has a market capitalization of $1.06 billion, a PE ratio of 21.42 and a beta of 1.93. The business has a fifty day moving average price of $2.94 and a 200 day moving average price of $3.35.

Insiders Place Their Bets

In other Getty Images news, major shareholder Neuberger Berman Group Llc sold 4,100,000 shares of the stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $2.46, for a total transaction of $10,086,000.00. Following the transaction, the insider now owns 74,175,262 shares of the company's stock, valued at $182,471,144.52. This trade represents a 5.24 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Chinh Chu sold 17,122 shares of Getty Images stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $4.01, for a total transaction of $68,659.22. Following the completion of the transaction, the director now directly owns 9,846,814 shares of the company's stock, valued at approximately $39,485,724.14. This represents a 0.17 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 4,266,876 shares of company stock worth $10,629,182 over the last ninety days. 12.30% of the stock is owned by company insiders.

Hedge Funds Weigh In On Getty Images

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Franklin Resources Inc. acquired a new position in Getty Images during the 3rd quarter valued at approximately $221,000. Barclays PLC boosted its holdings in shares of Getty Images by 47.1% during the third quarter. Barclays PLC now owns 156,216 shares of the company's stock valued at $596,000 after acquiring an additional 49,995 shares during the period. Geode Capital Management LLC grew 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 acquiring an additional 88,533 shares during the last quarter. Jane Street Group LLC increased its holdings in shares of Getty Images by 139.8% in the 3rd quarter. Jane Street Group LLC now owns 67,712 shares of the company's stock worth $258,000 after acquiring an additional 39,477 shares during the period. Finally, State Street Corp lifted its position in Getty Images by 46.3% in the 3rd quarter. State Street Corp now owns 1,474,167 shares of the company's stock valued at $5,617,000 after purchasing an additional 466,521 shares during the last quarter. 45.75% of the stock is currently owned by institutional investors and hedge funds.

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.