Getty Images (NYSE:GETY) Shares Up 7.8% - Time to Buy?

Getty Images Holdings, Inc. (NYSE:GETY - Get Free Report) shares traded up 7.8% during mid-day trading on Monday . The company traded as high as $1.86 and last traded at $1.86. 1,206,372 shares traded hands during trading, an increase of 4% from the average session volume of 1,165,197 shares. The stock had previously closed at $1.72.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Wedbush raised shares of Getty Images to a "strong-buy" rating in a report on Tuesday, July 1st. Wall Street Zen downgraded Getty Images from a "buy" rating to a "sell" rating in a research report on Thursday, May 22nd. 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 research report on Tuesday, May 13th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating, one has given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $4.35.

Getty Images Stock Performance

The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 2.04. The business has a 50 day simple moving average of $1.77 and a two-hundred day simple moving average of $2.02. The firm has a market cap of $802.66 million, a PE ratio of -10.18 and a beta of 1.87.

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). The firm had revenue of $224.08 million for the quarter, compared to analysts' expectations of $236.01 million. Getty Images had a negative net margin of 8.13% and a negative return on equity of 8.87%. The business's quarterly revenue was up .8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.03 EPS. As a group, equities research analysts forecast that Getty Images Holdings, Inc. will post 0.08 earnings per share for the current fiscal year.

Insider Activity at Getty Images

In other news, CEO Craig Warren Peters sold 33,262 shares of the firm's stock in a transaction on Wednesday, June 25th. The stock was sold at an average price of $1.77, for a total transaction of $58,873.74. Following the transaction, the chief executive officer owned 1,279,686 shares in the company, valued at approximately $2,265,044.22. This trade represents a 2.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders sold a total of 80,010 shares of company stock worth $141,618 in the last 90 days. Company insiders own 12.30% of the company's stock.

Hedge Funds Weigh In On Getty Images

Several institutional investors have recently made changes to their positions in the company. Koch Inc. purchased a new position in shares of Getty Images during the fourth quarter valued at $174,385,000. Vanguard Group Inc. grew its stake in Getty Images by 2.4% in the first quarter. Vanguard Group Inc. now owns 10,471,652 shares of the company's stock valued at $18,116,000 after purchasing an additional 246,403 shares during the last quarter. Invenomic Capital Management LP purchased a new position in Getty Images in the first quarter valued at about $4,646,000. Geode Capital Management LLC grew its stake in Getty Images by 0.7% in the fourth quarter. Geode Capital Management LLC now owns 1,675,635 shares of the company's stock valued at $3,620,000 after purchasing an additional 11,680 shares during the last quarter. Finally, Toronto Dominion Bank purchased a new position in Getty Images in the fourth quarter valued at about $3,553,000. Hedge funds and other institutional investors own 45.75% of the company's stock.

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.