Getty Images (NYSE:GETY) Trading Down 4.3% – What’s Next?

Getty Images Holdings, Inc. (NYSE:GETY)’s share price traded down 4.3% during mid-day trading on Wednesday . The company traded as low as $2.45 and last traded at $2.46. 89,397 shares changed hands during mid-day trading, a decline of 81% from the average session volume of 482,366 shares. The stock had previously closed at $2.57.

Analysts Set New Price Targets

GETY has been the topic of a number of recent research reports. JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of Getty Images in a research report on Wednesday. Macquarie boosted their price target 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 analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $5.61.

Getty Images Price Performance

The business’s 50 day moving average is $3.34 and its 200-day moving average is $3.47. The firm has a market capitalization of $941.36 million, a P/E ratio of 19.08 and a beta of 1.86. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 1.84.

Insiders Place Their Bets

In other news, CEO Craig Warren Peters sold 32,170 shares of the business’s stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $3.61, for a total transaction of $116,133.70. Following the sale, the chief executive officer now directly owns 1,245,401 shares in the company, valued at approximately $4,495,897.61. The trade was a 2.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder Neuberger Berman Group Llc sold 4,100,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $2.46, for a total transaction of $10,086,000.00. Following the completion of the transaction, the insider now owns 74,175,262 shares of the company’s stock, valued at approximately $182,471,144.52. This trade represents a 5.24 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 4,269,927 shares of company stock valued at $10,739,630. 12.30% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Getty Images

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. State Street Corp lifted its stake in shares of Getty Images by 46.3% in the third 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. Bank of New York Mellon Corp acquired a new position in shares of Getty Images in the 2nd quarter worth approximately $910,000. Rhumbline Advisers bought a new stake in shares of Getty Images in the 2nd quarter valued at $392,000. Geode Capital Management LLC increased 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 buying an additional 88,533 shares during the period. Finally, Franklin Resources Inc. bought a new stake in Getty Images during the third quarter valued at $221,000. 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.