Getty Images Holdings, Inc. (NYSE:GETY - Get Free Report)'s share price hit a new 52-week low on Friday after Benchmark lowered their price target on the stock from $8.00 to $6.00. Benchmark currently has a buy rating on the stock. Getty Images traded as low as $3.41 and last traded at $3.42, with a volume of 354768 shares. The stock had previously closed at $3.87.
A number of other equities analysts have also issued reports on GETY. Wedbush reaffirmed an "outperform" rating and set a $7.70 target price on shares of Getty Images in a research report on Monday. Citigroup boosted their target price on shares of Getty Images from $5.50 to $6.00 and gave the stock a "buy" rating in a research report on Friday, March 15th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $6.08.
Get Our Latest Analysis on Getty Images
Insider Buying and Selling at Getty Images
In other Getty Images news, CAO Chris Hoel sold 32,663 shares of the company's stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $5.00, for a total transaction of $163,315.00. Following the transaction, the chief accounting officer now directly owns 53,626 shares in the company, valued at approximately $268,130. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, CAO Chris Hoel sold 32,663 shares of the company's stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $5.00, for a total value of $163,315.00. Following the completion of the sale, the chief accounting officer now directly owns 53,626 shares of the company's stock, valued at approximately $268,130. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Chinh Chu sold 14,027 shares of the company's stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $4.02, for a total value of $56,388.54. Following the completion of the sale, the director now directly owns 8,446,838 shares of the company's stock, valued at $33,956,288.76. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,276,490 shares of company stock worth $5,677,587. Company insiders own 12.30% of the company's stock.
Institutional Trading of Getty Images
A number of institutional investors and hedge funds have recently modified their holdings of GETY. Fifth Lane Capital LP bought a new stake in Getty Images during the 1st quarter worth approximately $104,000. Kessler Investment Group LLC bought a new stake in Getty Images during the 1st quarter worth approximately $89,000. Victory Capital Management Inc. increased its stake in Getty Images by 20.4% during the 4th quarter. Victory Capital Management Inc. now owns 25,309 shares of the company's stock worth $133,000 after purchasing an additional 4,281 shares in the last quarter. Vanguard Group Inc. bought a new stake in Getty Images during the 3rd quarter worth approximately $52,554,000. Finally, EULAV Asset Management increased its stake in Getty Images by 37.5% during the 3rd quarter. EULAV Asset Management now owns 550,000 shares of the company's stock worth $3,570,000 after purchasing an additional 150,000 shares in the last quarter. 45.75% of the stock is owned by institutional investors.
Getty Images Trading Down 8.8 %
The firm has a market capitalization of $1.44 billion, a P/E ratio of 88.75 and a beta of 2.13. The business has a 50 day moving average of $4.24 and a 200-day moving average of $4.56. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 2.05.
Getty Images (NYSE:GETY - Get Free Report) last issued its quarterly earnings results on Thursday, March 14th. The company reported $0.09 earnings per share for the quarter. The company had revenue of $225.94 million during the quarter, compared to analysts' expectations of $227.00 million. Getty Images had a net margin of 2.11% and a return on equity of 9.30%. Analysts anticipate that Getty Images Holdings, Inc. will post 0.06 EPS for the current fiscal year.
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.
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