Getty Images Holdings, Inc. (NYSE:GETY - Get Free Report)'s share price dropped 4.6% on Tuesday . The company traded as low as $1.76 and last traded at $1.77. Approximately 345,541 shares changed hands during trading, a decline of 71% from the average daily volume of 1,200,256 shares. The stock had previously closed at $1.85.
Wall Street Analyst Weigh In
GETY has been the subject of a number of research reports. Wedbush reaffirmed an "outperform" rating and set a $7.70 price target on shares of Getty Images in a research report on Tuesday, May 6th. Wall Street Zen cut shares of Getty Images from a "buy" rating to a "sell" rating in a research report on Thursday, May 22nd. Citigroup reaffirmed a "neutral" rating and set a $2.45 price target on shares of Getty Images in a research report on Monday, March 24th. Finally, Benchmark decreased their price target on shares of 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 and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $4.35.
Check Out Our Latest Stock Report on Getty Images
Getty Images Price Performance
The company has a debt-to-equity ratio of 2.04, a quick ratio of 0.72 and a current ratio of 0.72. The stock has a market cap of $709.02 million, a price-to-earnings ratio of -9.03 and a beta of 1.91. The business's fifty day simple moving average is $1.82 and its 200 day simple moving average is $2.10.
Getty Images (NYSE:GETY - Get Free Report) last issued its quarterly earnings data 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 return on equity of 8.87% and a negative net margin of 8.13%. The firm had revenue of $224.08 million during the quarter, compared to analyst estimates of $236.01 million. During the same quarter in the prior year, the firm earned $0.03 EPS. The business's quarterly revenue was up .8% compared to the same quarter last year. Research analysts predict that Getty Images Holdings, Inc. will post 0.08 EPS for the current fiscal year.
Insider Transactions at Getty Images
In other news, CEO Craig Warren Peters sold 33,262 shares of the business's stock in a transaction dated Wednesday, June 25th. The shares were sold at an average price of $1.77, for a total value of $58,873.74. Following the completion of the sale, the chief executive officer now owns 1,279,686 shares of the company's stock, valued at approximately $2,265,044.22. The trade was a 2.53% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In the last 90 days, insiders sold 80,010 shares of company stock valued at $141,618. Insiders own 12.30% of the company's stock.
Institutional Investors Weigh In On Getty Images
Several hedge funds and other institutional investors have recently modified their holdings of GETY. Rhumbline Advisers increased its position in shares of Getty Images by 3.6% in the 4th quarter. Rhumbline Advisers now owns 125,421 shares of the company's stock worth $271,000 after purchasing an additional 4,359 shares during the last quarter. Bank of New York Mellon Corp grew its position 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 valued at $761,000 after buying an additional 146,576 shares during the last quarter. Victory Capital Management Inc. grew its position in shares of Getty Images by 34.2% during the 4th 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 last quarter. Intech Investment Management LLC grew its position in shares of Getty Images by 356.0% during the 4th 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 last quarter. Finally, Virtu Financial LLC bought a new stake in shares of Getty Images during the 4th quarter valued at about $33,000. Institutional investors own 45.75% of the company's stock.
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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