Getty Images (NYSE:GETY) Trading Down 3.8% - Time to Sell?

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

Wall Street Analysts Forecast Growth

GETY has been the subject of a number of analyst reports. Wedbush reaffirmed an "outperform" rating and set a $7.70 price objective on shares of Getty Images in a research note on Tuesday, May 6th. Benchmark reduced their price objective on shares of Getty Images from $4.50 to $3.50 and set a "buy" rating for the company in a research note 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. Finally, Citigroup reaffirmed a "neutral" rating and set a $2.45 price objective on shares of Getty Images in a research note on Monday, March 24th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $4.35.

Getty Images Trading Up 3.1%

The business has a 50-day moving average of $1.75 and a 200-day moving average of $2.21. 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 cap of $690.41 million, a price-to-earnings ratio of 13.92 and a beta of 1.91.

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

Insider Transactions at Getty Images

In other Getty Images news, SVP Cho Mikael sold 18,590 shares of the company'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 $39,410.80. Following the completion of the sale, the senior vice president now owns 123,862 shares of the company's stock, valued at $262,587.44. This represents a 13.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Jennifer Leyden sold 29,607 shares of the business's stock in a transaction on Tuesday, March 25th. The stock was sold at an average price of $2.12, for a total transaction of $62,766.84. Following the transaction, the chief financial officer now directly owns 278,072 shares of the company's stock, valued at approximately $589,512.64. This represents a 9.62% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 226,668 shares of company stock worth $480,536 in the last 90 days. 12.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Rhumbline Advisers increased its position in Getty Images by 3.6% during 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 period. Bank of New York Mellon Corp increased its holdings in shares of Getty Images by 71.2% during the 4th 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 during the period. Victory Capital Management Inc. raised its stake in shares of 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 purchasing an additional 20,239 shares in the last quarter. Intech Investment Management LLC raised its stake in shares of 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 purchasing an additional 41,316 shares in the last quarter. Finally, Virtu Financial LLC acquired a new position in shares of Getty Images in the fourth quarter valued at $33,000. 45.75% of the stock is currently 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.