Getty Images (NYSE:GETY) Trading Down 5% – What’s Next?

Getty Images Holdings, Inc. (NYSE:GETY) traded down 5% on Thursday . The stock traded as low as $2.57 and last traded at $2.56. 1,842,106 shares traded hands during mid-day trading, a decline of 78% from the average session volume of 8,205,106 shares. The stock had previously closed at $2.69.

Wall Street Analyst Weigh In

GETY has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Getty Images in a research report on Wednesday, December 18th. Wedbush reissued an “outperform” rating and set a $7.70 price objective on shares of Getty Images in a research report on Tuesday, January 7th. Benchmark restated a “buy” rating and issued a $6.00 price objective on shares of Getty Images in a report on Friday, January 10th. Finally, Macquarie reiterated a “neutral” rating and set a $3.75 price target on shares of Getty Images in a research report on Wednesday, January 8th. One investment 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 MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $5.61.

Getty Images Stock Performance

The company has a 50 day moving average of $2.66 and a two-hundred day moving average of $3.30. The company has a debt-to-equity ratio of 1.84, a current ratio of 0.79 and a quick ratio of 0.79. The company has a market capitalization of $1.06 billion, a PE ratio of 21.46 and a beta of 1.93.

Insider Transactions at Getty Images

In related news, 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 stock was 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 $182,471,144.52. This trade represents a 5.24 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Craig Warren Peters sold 32,753 shares of the business’s stock in a transaction on Tuesday, December 24th. The stock was sold at an average price of $2.20, for a total value 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. Insiders have sold 4,241,511 shares of company stock valued at $10,527,468 in the last three months. 12.30% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Getty Images

Several institutional investors and hedge funds have recently modified their holdings of the stock. Intech Investment Management LLC bought a new position in Getty Images in the 3rd quarter valued at approximately $44,000. Aigen Investment Management LP purchased a new position in shares of Getty Images in the third quarter worth $48,000. Verition Fund Management LLC bought a new position in shares of Getty Images during the third quarter valued at $96,000. Renaissance Technologies LLC purchased a new stake in shares of Getty Images during the second quarter valued at $91,000. Finally, SG Americas Securities LLC bought a new stake in Getty Images in the 3rd quarter worth about $135,000. 45.75% of the stock is currently owned by institutional investors.

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.