Shares of Getty Images Holdings, Inc. (NYSE:GETY - Get Free Report) traded up 8.1% during mid-day trading on Monday . The company traded as high as $2.20 and last traded at $2.21. 1,069,123 shares were traded during mid-day trading, a decline of 1% from the average session volume of 1,080,596 shares. The stock had previously closed at $2.04.
Analysts Set New Price Targets
GETY has been the topic of several research analyst reports. Wedbush reiterated an "outperform" rating and set a $7.70 price target on shares of Getty Images in a research report on Thursday, March 13th. Benchmark dropped their price objective on shares of Getty Images from $6.00 to $4.50 and set a "buy" rating on the stock in a research note on Tuesday. Macquarie restated a "neutral" rating and set a $3.75 price objective on shares of Getty Images in a research report on Wednesday, January 8th. Finally, JPMorgan Chase & Co. reiterated an "underweight" rating on shares of Getty Images in a research report on Wednesday, December 18th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $5.24.
View Our Latest Report on Getty Images
Getty Images Stock Up 1.6 %
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 cap of $917.96 million, a P/E ratio of 18.54 and a beta of 1.97. The business's fifty day moving average is $2.43 and its two-hundred day moving average is $2.98.
Getty Images (NYSE:GETY - Get Free Report) last posted its quarterly earnings data on Monday, March 17th. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.04 by ($0.05). The firm had revenue of $247.30 million for the quarter, compared to the consensus estimate of $245.50 million. Getty Images had a return on equity of 6.42% and a net margin of 5.91%. The company's revenue was up 9.5% on a year-over-year basis. Equities analysts predict that Getty Images Holdings, Inc. will post 0.08 EPS for the current year.
Insiders Place Their Bets
In other news, CFO Jennifer Leyden sold 12,342 shares of the company's stock in a transaction on Tuesday, December 24th. The shares were sold at an average price of $2.20, for a total value of $27,152.40. Following the sale, the chief financial officer now directly 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 Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Craig Warren Peters sold 32,753 shares of the company's stock in a transaction 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 directly 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. In the last quarter, insiders have sold 70,521 shares of company stock valued at $155,146. Insiders own 12.30% of the company's stock.
Institutional Trading of Getty Images
Several large investors have recently made changes to their positions in the business. Koch Inc. purchased a new stake in shares of Getty Images in the 4th quarter valued at $174,385,000. Toronto Dominion Bank purchased a new stake in shares of Getty Images in the 4th quarter valued at $3,553,000. Wexford Capital LP purchased a new stake in shares of Getty Images in the 4th quarter valued at $80,000. ProShare Advisors LLC boosted its holdings in shares of Getty Images by 49.0% in the 4th quarter. ProShare Advisors LLC now owns 28,255 shares of the company's stock valued at $61,000 after acquiring an additional 9,297 shares during the last quarter. Finally, Occudo Quantitative Strategies LP purchased a new stake in Getty Images during the fourth quarter worth $168,000. 45.75% of the stock is owned by hedge funds and other institutional investors.
Getty Images Company Profile
(
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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