Getty Images (NYSE:GETY) Trading Down 4.2% - Time to Sell?

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Wedbush reiterated an "outperform" rating and issued a $7.70 target price 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 report on Thursday, May 22nd. Benchmark lowered 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 reiterated a "neutral" rating and issued a $2.45 price target on shares of Getty Images in a research note 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 given a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $4.35.

Getty Images Trading Down 0.5%

The firm has a market cap of $777.22 million, a PE ratio of 15.67 and a beta of 1.91. The stock's 50 day simple moving average is $1.77 and its 200 day simple moving average is $2.18. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.79 and a current ratio of 0.79.

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

Insider Buying and Selling at Getty Images

In other Getty Images news, CFO Jennifer Leyden sold 29,607 shares of the 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 $62,766.84. Following the transaction, the chief financial officer now directly owns 278,072 shares in the company, valued at $589,512.64. This represents a 9.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CTO Nathaniel Gandert sold 15,859 shares of the 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 $33,621.08. Following the completion of the sale, the chief technology officer now directly owns 534,377 shares of the company's stock, valued at $1,132,879.24. The trade was a 2.88% decrease in their ownership of the stock. 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 insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Koch Inc. purchased a new position in Getty Images during the fourth quarter worth approximately $174,385,000. Wells Fargo & Company MN grew its stake in Getty Images by 47.8% during the 4th quarter. Wells Fargo & Company MN now owns 49,378 shares of the company's stock worth $107,000 after buying an additional 15,978 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Getty Images by 71.2% in the fourth quarter. Bank of New York Mellon Corp now owns 352,388 shares of the company's stock worth $761,000 after purchasing an additional 146,576 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Getty Images by 24.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 64,007 shares of the company's stock worth $138,000 after purchasing an additional 12,542 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of 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 buying an additional 698,829 shares during the period. Hedge funds and other 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.