Getty Images Holdings, Inc. (NYSE:GETY - Get Free Report)'s share price traded down 4.6% on Tuesday . The company traded as low as $1.76 and last traded at $1.77. 345,541 shares were traded during trading, a decline of 71% from the average session volume of 1,200,256 shares. The stock had previously closed at $1.85.
Analysts Set New Price Targets
A number of equities research analysts have recently weighed in on the company. Wall Street Zen lowered Getty Images from a "buy" rating to a "sell" rating in a research report on Thursday, May 22nd. Citigroup reiterated 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 issued a $7.70 target price on shares of Getty Images in a research note on Tuesday, May 6th. Finally, Benchmark decreased their price objective 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 equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $4.35.
View Our Latest Stock Analysis on Getty Images
Getty Images Stock Performance
The business has a 50 day moving average price of $1.81 and a 200 day moving average price of $2.12. The company has a debt-to-equity ratio of 2.04, a current ratio of 0.72 and a quick ratio of 0.72. The stock has a market capitalization of $725.55 million, a PE ratio of -9.24 and a beta of 1.91.
Getty Images (NYSE:GETY - Get Free Report) last posted its quarterly earnings results on Monday, May 12th. The company reported ($0.14) EPS for the quarter, missing analysts' consensus estimates 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 firm had revenue of $224.08 million for the quarter, compared to analysts' expectations of $236.01 million. During the same quarter in the previous year, the company earned $0.03 EPS. The company's quarterly revenue was up .8% compared to the same quarter last year. As a group, equities research analysts expect that Getty Images Holdings, Inc. will post 0.08 earnings per share for the current year.
Hedge Funds Weigh In On Getty Images
Hedge funds and other institutional investors have recently modified their holdings of the company. Rhumbline Advisers grew its holdings 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 period. Price T Rowe Associates Inc. MD raised its stake in shares of Getty Images by 15.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 36,897 shares of the company's stock worth $80,000 after buying an additional 4,826 shares during the period. ProShare Advisors LLC lifted its holdings in Getty Images by 49.0% during the fourth quarter. ProShare Advisors LLC now owns 28,255 shares of the company's stock valued at $61,000 after purchasing an additional 9,297 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Getty Images by 25.4% in the fourth quarter. JPMorgan Chase & Co. now owns 46,590 shares of the company's stock worth $101,000 after purchasing an additional 9,434 shares during the period. Finally, Geode Capital Management LLC increased its stake in shares of Getty Images by 0.7% in the fourth quarter. Geode Capital Management LLC now owns 1,675,635 shares of the company's stock worth $3,620,000 after purchasing an additional 11,680 shares in the last quarter. 45.75% of the stock is owned by institutional investors.
About Getty Images
(
Get Free Report)
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.
Further Reading
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