Getty Images (NYSE:GETY) Trading Up 8% – Should You Buy?

Getty Images Holdings, Inc. (NYSE:GETY) shares rose 8% during mid-day trading on Thursday . The stock traded as high as $2.89 and last traded at $2.91. Approximately 2,578,161 shares changed hands during mid-day trading, a decline of 54% from the average daily volume of 5,581,422 shares. The stock had previously closed at $2.69.

Wall Street Analyst Weigh In

A number of research analysts have commented on GETY shares. 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. Benchmark reiterated a “buy” rating and issued a $6.00 target price on shares of Getty Images in a research report on Friday, January 10th. JPMorgan Chase & Co. restated an “underweight” rating on shares of Getty Images in a research report on Wednesday, December 18th. Finally, Wedbush reiterated an “outperform” rating and issued a $7.70 price objective on shares of Getty Images in a report on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $5.61.

Getty Images Stock Up 5.8 %

The firm has a market cap of $1.17 billion, a PE ratio of 23.71 and a beta of 1.94. 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’s 50-day simple moving average is $2.58 and its two-hundred day simple moving average is $3.24.

Insider Transactions at Getty Images

In other news, CEO Craig Warren Peters sold 32,753 shares of Getty Images stock in a transaction dated Tuesday, December 24th. The shares were sold at an average price of $2.20, for a total transaction of $72,056.60. Following the sale, the chief executive officer now owns 1,212,648 shares of the company’s stock, valued at approximately $2,667,825.60. The trade was a 2.63 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Neuberger Berman Group Llc sold 4,100,000 shares of the firm’s stock in a transaction dated 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 sale, 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 ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 4,171,021 shares of company stock worth $10,242,646. Company insiders own 12.30% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Intech Investment Management LLC purchased a new stake in shares of Getty Images in the third quarter worth $44,000. Aigen Investment Management LP bought a new position in Getty Images in the 3rd quarter worth about $48,000. Renaissance Technologies LLC purchased a new stake in Getty Images during the 2nd quarter valued at about $91,000. Verition Fund Management LLC bought a new stake in Getty Images during the 3rd quarter valued at about $96,000. Finally, SG Americas Securities LLC purchased a new position in Getty Images in the third quarter worth about $135,000. 45.75% of the stock is owned by hedge funds and other 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.