Getty Images (NYSE:GETY) Shares Up 4.3% - Time to Buy?

Getty Images Holdings, Inc. (NYSE:GETY - Get Free Report) was up 4.3% on Thursday . The company traded as high as $1.83 and last traded at $1.83. Approximately 108,516 shares were traded during trading, a decline of 91% from the average daily volume of 1,167,953 shares. The stock had previously closed at $1.75.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on GETY shares. Wedbush restated an "outperform" rating and set a $7.70 price objective on shares of Getty Images in a research note on Tuesday, May 6th. Wall Street Zen cut shares of Getty Images from a "buy" rating to a "sell" rating in a research note on Thursday, May 22nd. Benchmark cut their price objective on shares of Getty Images from $4.50 to $3.50 and set a "buy" rating on the stock in a research note on Tuesday, May 13th. Finally, Citigroup reaffirmed a "neutral" rating and set a $2.45 target price on shares of Getty Images in a report on Monday, March 24th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Getty Images currently has an average rating of "Hold" and a consensus target price of $4.35.

Getty Images Trading Down 1.7%

The business has a fifty day moving average of $1.77 and a 200-day moving average of $2.26. The stock has a market capitalization of $735.88 million, a price-to-earnings ratio of 14.83 and a beta of 1.98. The company has a debt-to-equity ratio of 1.84, a current ratio of 0.79 and a quick ratio of 0.79.

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

Insider Buying and Selling

In other news, SVP Cho Mikael sold 18,590 shares of the company's stock in a transaction 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 directly owns 123,862 shares of the company's stock, valued at approximately $262,587.44. This represents a 13.05% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CTO Nathaniel Gandert sold 15,859 shares of the stock in a transaction on Tuesday, March 25th. The stock was sold at an average price of $2.12, for a total value of $33,621.08. Following the sale, the chief technology officer now owns 534,377 shares of the company's stock, valued at approximately $1,132,879.24. This represents a 2.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 226,668 shares of company stock valued at $480,536. 12.30% of the stock is owned by corporate insiders.

Institutional Trading of Getty Images

Several hedge funds and other institutional investors have recently modified their holdings of GETY. BNP Paribas Financial Markets purchased a new stake in shares of Getty Images during the fourth quarter worth $27,000. Aristeia Capital L.L.C. bought a new position in Getty Images during the fourth quarter valued at about $28,000. Ameriprise Financial Inc. bought a new position in Getty Images during the fourth quarter valued at about $28,000. HHM Wealth Advisors LLC bought a new position in Getty Images during the first quarter valued at about $29,000. Finally, Virtu Financial LLC bought a new position in Getty Images during the fourth quarter valued at about $33,000. 45.75% of the stock is currently owned by hedge funds and other institutional investors.

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.