Getty Images (NYSE:GETY) Shares Down 3.8% - Should You Sell?

Getty Images Holdings, Inc. (NYSE:GETY - Get Free Report)'s stock price traded down 3.8% on Thursday . The stock traded as low as $1.67 and last traded at $1.67. 277,675 shares were traded during trading, a decline of 76% from the average session volume of 1,166,246 shares. The stock had previously closed at $1.73.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Citigroup restated a "neutral" rating and set a $2.45 target price on shares of Getty Images in a report on Monday, March 24th. Wedbush restated an "outperform" rating and set a $7.70 target price on shares of Getty Images in a report on Tuesday, May 6th. Benchmark dropped their target price on shares of Getty Images from $4.50 to $3.50 and set a "buy" rating for the company in a report on Tuesday, May 13th. Finally, Wall Street Zen downgraded shares of Getty Images from a "buy" rating to a "sell" rating in a report on Thursday, May 22nd. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $4.35.

Getty Images Price Performance

The company has a market capitalization of $690.41 million, a price-to-earnings ratio of 13.92 and a beta of 1.91. The company's 50 day simple moving average is $1.75 and its 200-day simple moving average is $2.21. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.84.

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

Insiders Place Their Bets

In related news, SVP Cho Mikael sold 18,590 shares of the firm'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 value of $39,410.80. Following the sale, the senior vice president now directly owns 123,862 shares of the company's stock, valued at approximately $262,587.44. This trade represents a 13.05% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Nathaniel Gandert sold 15,859 shares of the firm's stock in a transaction that occurred on Tuesday, March 25th. The stock was sold at an average price of $2.12, for a total transaction of $33,621.08. Following the completion of the sale, the chief technology officer now directly owns 534,377 shares in the company, valued at $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. Insiders have sold 226,668 shares of company stock valued at $480,536 in the last ninety days. Insiders own 12.30% of the company's stock.

Institutional Investors Weigh In On Getty Images

Several hedge funds have recently modified their holdings of GETY. Rhumbline Advisers boosted its position in shares of Getty Images by 3.6% in the fourth quarter. Rhumbline Advisers now owns 125,421 shares of the company's stock worth $271,000 after acquiring an additional 4,359 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in 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 valued at $761,000 after buying an additional 146,576 shares during the period. Victory Capital Management Inc. raised its holdings in Getty Images by 34.2% in the fourth quarter. Victory Capital Management Inc. now owns 79,384 shares of the company's stock valued at $171,000 after buying an additional 20,239 shares during the period. Intech Investment Management LLC raised its holdings in Getty Images by 356.0% in the fourth quarter. Intech Investment Management LLC now owns 52,921 shares of the company's stock valued at $114,000 after buying an additional 41,316 shares during the period. Finally, Virtu Financial LLC purchased a new position in Getty Images in the fourth quarter valued at approximately $33,000. 45.75% of the stock is owned by institutional investors and hedge funds.

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.