Getty Images (NYSE:GETY) Shares Gap Up - Still a Buy?

Getty Images Holdings, Inc. (NYSE:GETY - Get Free Report)'s share price gapped up before the market opened on Wednesday . The stock had previously closed at $1.69, but opened at $1.80. Getty Images shares last traded at $1.89, with a volume of 3,520,684 shares.

Analyst Upgrades and Downgrades

Several research firms have issued reports on GETY. Citigroup reaffirmed a "neutral" rating and set a $2.45 price target on shares of Getty Images in a research note on Monday, March 24th. Wedbush reissued an "outperform" rating and issued a $7.70 target price on shares of Getty Images in a research report on Tuesday, May 6th. Wall Street Zen cut shares of Getty Images from a "buy" rating to a "sell" rating in a research report on Thursday, May 22nd. Finally, Benchmark reduced their price target on shares of Getty Images from $4.50 to $3.50 and set a "buy" rating on the stock in a research report on Tuesday, May 13th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $4.35.

Getty Images Stock Down 2.4%

The firm's 50-day moving average price is $1.77 and its 200 day moving average price is $2.18. The firm has a market cap of $758.62 million, a P/E ratio of 15.29 and a beta of 1.91. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 1.84.

Getty Images (NYSE:GETY - Get Free Report) last posted its quarterly earnings data on Monday, May 12th. The company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.17). The company had revenue of $224.08 million during the quarter, compared to analyst estimates of $236.01 million. Getty Images had a return on equity of 6.42% and a net margin of 5.91%. The business's revenue for the quarter was up .8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.03 EPS. As a group, research analysts expect that Getty Images Holdings, Inc. will post 0.08 earnings per share for the current year.

Insider Buying and Selling at Getty Images

In other news, SVP Cho Mikael sold 18,590 shares of Getty Images stock in a transaction that occurred on Tuesday, March 25th. The shares were sold at an average price of $2.12, for a total value of $39,410.80. Following the transaction, the senior vice president now owns 123,862 shares of the company's stock, valued at $262,587.44. This trade represents a 13.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Craig Warren Peters sold 124,624 shares of Getty Images stock in a transaction that occurred on Tuesday, March 25th. The shares were sold at an average price of $2.12, for a total transaction of $264,202.88. Following the completion of the transaction, the chief executive officer now directly owns 1,262,948 shares in the company, valued at approximately $2,677,449.76. This represents a 8.98% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 226,668 shares of company stock valued at $480,536. 12.30% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Getty Images

A number of institutional investors have recently bought and sold shares of the business. BNP Paribas Financial Markets acquired a new stake in shares of Getty Images in the 4th quarter valued at $27,000. Aristeia Capital L.L.C. bought a new position in shares of Getty Images in the fourth quarter valued at about $28,000. Ameriprise Financial Inc. bought a new position in shares of Getty Images in the fourth quarter valued at about $28,000. HHM Wealth Advisors LLC bought a new position in shares of Getty Images in the first quarter valued at about $29,000. Finally, Virtu Financial LLC bought a new stake in Getty Images during the 4th quarter worth about $33,000. Institutional investors and hedge funds own 45.75% of the company's stock.

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.