Getty Images (NYSE:GETY) Shares Down 4.2% - Here's Why

Getty Images Holdings, Inc. (NYSE:GETY - Get Free Report)'s share price traded down 4.2% during trading on Thursday . The stock traded as low as $1.78 and last traded at $1.81. 226,073 shares changed hands during trading, a decline of 81% from the average session volume of 1,198,109 shares. The stock had previously closed at $1.89.

Analyst Ratings Changes

GETY has been the topic of a number of recent research reports. Benchmark reduced their target price 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. Wall Street Zen lowered shares of Getty Images from a "buy" rating to a "sell" rating in a research note on Thursday, May 22nd. Wedbush restated an "outperform" rating and issued a $7.70 price objective on shares of Getty Images in a report on Tuesday, May 6th. Finally, Citigroup reiterated a "neutral" rating and set a $2.45 target price on shares of Getty Images in a report on Monday, March 24th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $4.35.

Getty Images Price Performance

The firm has a fifty day moving average price of $1.78 and a two-hundred day moving average price of $2.17. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 1.84. The stock has a market capitalization of $729.68 million, a P/E ratio of 14.71 and a beta of 1.91.

Getty Images (NYSE:GETY - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $224.08 million for the quarter, compared to the consensus estimate of $236.01 million. Getty Images had a net margin of 5.91% and a return on equity of 6.42%. The firm's revenue for the quarter was up .8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.03 earnings per share. On average, analysts expect that Getty Images Holdings, Inc. will post 0.08 EPS for the current year.

Insider Activity at Getty Images

In other news, CTO Nathaniel Gandert sold 15,859 shares of the firm's stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of $2.12, for a total transaction of $33,621.08. Following the sale, the chief technology officer now owns 534,377 shares of the company's stock, valued at $1,132,879.24. This trade represents a 2.88% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Cho Mikael sold 18,590 shares of the business's 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 $39,410.80. Following the transaction, the senior vice president now directly owns 123,862 shares of the company's stock, valued at $262,587.44. The trade was a 13.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 226,668 shares of company stock valued at $480,536 over the last 90 days. Corporate insiders own 12.30% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Koch Inc. purchased a new stake in Getty Images during the 4th quarter valued at $174,385,000. Wells Fargo & Company MN grew its holdings in shares of Getty Images by 47.8% in the fourth quarter. Wells Fargo & Company MN now owns 49,378 shares of the company's stock worth $107,000 after acquiring an additional 15,978 shares during the period. Bank of New York Mellon Corp increased its position in Getty Images by 71.2% during the fourth quarter. Bank of New York Mellon Corp now owns 352,388 shares of the company's stock valued at $761,000 after acquiring an additional 146,576 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Getty Images by 24.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 64,007 shares of the company's stock valued at $138,000 after acquiring an additional 12,542 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in Getty Images by 7.3% in the fourth quarter. Vanguard Group Inc. now owns 10,225,249 shares of the company's stock valued at $22,087,000 after acquiring an additional 698,829 shares during the period. Institutional investors 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.