Getty Images (NYSE:GETY) Sets New 12-Month Low – Should You Sell?

Getty Images Holdings, Inc. (NYSE:GETY)’s share price hit a new 52-week low during trading on Thursday . The stock traded as low as $1.89 and last traded at $1.96, with a volume of 771770 shares trading hands. The stock had previously closed at $1.97.

Wall Street Analysts Forecast Growth

GETY has been the topic of several research reports. Benchmark cut 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 report on Tuesday, March 18th. Citigroup reaffirmed a “neutral” rating and set a $2.45 price target on shares of Getty Images in a research note on Monday. Macquarie restated a “neutral” rating and set a $3.75 target price on shares of Getty Images in a report on Wednesday, January 8th. JPMorgan Chase & Co. reissued an “underweight” rating on shares of Getty Images in a research report on Wednesday, December 18th. Finally, Wedbush restated an “outperform” rating and issued a $7.70 price objective on shares of Getty Images in a report on Thursday, March 13th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Getty Images has an average rating of “Hold” and a consensus target price of $4.60.

Getty Images Stock Down 0.8 %

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 firm’s 50 day moving average is $2.39 and its two-hundred day moving average is $2.93. The firm has a market capitalization of $806.57 million, a P/E ratio of 16.29 and a beta of 1.97.

Getty Images (NYSE:GETY) last released its quarterly earnings data on Monday, March 17th. The company reported ($0.01) earnings per share 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 analyst estimates of $245.50 million. Getty Images had a return on equity of 6.42% and a net margin of 5.91%. The business’s revenue was up 9.5% on a year-over-year basis. Research analysts predict that Getty Images Holdings, Inc. will post 0.08 EPS for the current year.

Institutional Trading of Getty Images

A number of hedge funds have recently modified their holdings of GETY. Intech Investment Management LLC bought a new stake in shares of Getty Images during the third quarter worth approximately $44,000. BNP Paribas Financial Markets acquired a new stake in Getty Images during the 4th quarter worth approximately $27,000. Aristeia Capital L.L.C. bought a new position in shares of Getty Images during the fourth quarter valued at $28,000. Ameriprise Financial Inc. bought a new position in Getty Images during the 4th quarter worth $28,000. Finally, Virtu Financial LLC acquired a new stake in shares of Getty Images in the fourth quarter valued at about $33,000. Institutional investors and hedge funds own 45.75% of the company’s stock.

Getty Images Company Profile

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.