Getty Images (NYSE:GETY) Stock Price Up 5.2% - Still a Buy?

Key Points

• Getty Images stock rose 5.2% recently, trading as high as $1.96, despite a significant drop in trading volume.
• Analysts have varied opinions on Getty Images, with one brokerage upgrading it to a "strong-buy" while others have issued sell or hold ratings, leading to a consensus rating of "Hold" and an average price target of $4.35.
• The company reported a quarterly earnings miss with an EPS of ($0.14), falling short of expectations, and a revenue of $224.08 million, which was below the anticipated $236.01 million.

Getty Images Holdings, Inc. (NYSE:GETY - Get Free Report) shares rose 5.2% during mid-day trading on Tuesday . The company traded as high as $1.96 and last traded at $1.94. Approximately 116,224 shares were traded during trading, a decline of 93% from the average daily volume of 1,766,260 shares. The stock had previously closed at $1.84.

Analysts Set New Price Targets

GETY has been the topic of a number of recent research reports. Wall Street Zen downgraded Getty Images from a "buy" rating to a "sell" rating in a research report on Thursday, May 22nd. Wedbush raised Getty Images to a "strong-buy" rating in a report on Tuesday, July 1st. Finally, Benchmark lowered their price target on Getty Images from $4.50 to $3.50 and set a "buy" rating for the company in a report on Tuesday, May 13th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $4.35.

Getty Images Price Performance

The company has a 50-day moving average of $1.77 and a 200 day moving average of $1.99. The stock has a market capitalization of $686.51 million, a PE ratio of -8.71 and a beta of 1.87. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 2.04.

Getty Images (NYSE:GETY - Get Free Report) last announced its quarterly earnings results on Monday, May 12th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.17). Getty Images had a negative net margin of 8.13% and a negative return on equity of 8.87%. The business had revenue of $224.08 million during the quarter, compared to analyst estimates of $236.01 million. During the same period last year, the company earned $0.03 EPS. The business's revenue for the quarter was up .8% on a year-over-year basis. Sell-side analysts predict that Getty Images Holdings, Inc. will post 0.08 EPS for the current year.

Insider Activity at Getty Images

In related news, CEO Craig Warren Peters sold 33,262 shares of the business's stock in a transaction on Wednesday, June 25th. The stock was sold at an average price of $1.77, for a total value of $58,873.74. Following the sale, the chief executive officer owned 1,279,686 shares in the company, valued at approximately $2,265,044.22. The trade was a 2.53% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last quarter, insiders sold 80,010 shares of company stock valued at $141,618. Corporate insiders own 11.20% of the company's stock.

Institutional Investors Weigh In On Getty Images

Several institutional investors and hedge funds have recently modified their holdings of GETY. Koch Inc. purchased a new position in shares of Getty Images in the 4th quarter valued at about $174,385,000. Invenomic Capital Management LP purchased a new position in shares of Getty Images in the 1st quarter valued at about $4,646,000. Toronto Dominion Bank purchased a new position in shares of Getty Images in the 4th quarter valued at about $3,553,000. Vanguard Group Inc. increased its holdings in shares of Getty Images by 7.3% in the 4th 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 last quarter. Finally, TIG Advisors LLC purchased a new position in shares of Getty Images in the 1st quarter valued at about $654,000. 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.