Getty Images (NYSE:GETY) Sees Strong Trading Volume – Here’s What Happened

Shares of Getty Images Holdings, Inc. (NYSE:GETY) saw strong trading volume on Friday . 430,267 shares traded hands during trading, an increase of 36% from the previous session’s volume of 315,785 shares.The stock last traded at $2.34 and had previously closed at $2.11.

Analyst Upgrades and Downgrades

GETY has been the topic of several research reports. Macquarie lifted their price target on Getty Images from $3.50 to $3.75 and gave the company a “neutral” rating in a research report on Wednesday, November 13th. JPMorgan Chase & Co. reissued an “underweight” rating on shares of Getty Images in a research note on Wednesday, December 18th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $5.61.

Getty Images Stock Performance

The firm has a market capitalization of $912.59 million, a P/E ratio of 18.50 and a beta of 1.86. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.84. The business’s 50 day simple moving average is $3.00 and its two-hundred day simple moving average is $3.36.

Insider Transactions at Getty Images

In related news, CFO Jennifer Leyden sold 12,342 shares of the firm’s stock in a transaction that occurred on Tuesday, December 24th. The shares were sold at an average price of $2.20, for a total value of $27,152.40. Following the sale, the chief financial officer now owns 261,034 shares in the company, valued at approximately $574,274.80. This trade represents a 4.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Chinh Chu sold 8,243 shares of the stock in a transaction on Friday, October 18th. The shares were sold at an average price of $4.01, for a total value of $33,054.43. Following the transaction, the director now directly owns 9,795,163 shares in the company, valued at $39,278,603.63. The trade was a 0.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 4,266,876 shares of company stock worth $10,629,182 over the last quarter. 12.30% of the stock is currently owned by insiders.

Institutional Trading of Getty Images

Hedge funds and other institutional investors have recently bought and sold shares of the stock. CIBC Asset Management Inc bought a new position in shares of Getty Images in the second quarter worth about $36,000. Intech Investment Management LLC bought a new stake in shares of Getty Images during the third quarter valued at approximately $44,000. Aigen Investment Management LP purchased a new position in shares of Getty Images in the third quarter worth $48,000. Principal Financial Group Inc. bought a new position in shares of Getty Images during the second quarter worth $44,000. Finally, Verition Fund Management LLC bought a new stake in Getty Images in the 3rd quarter valued at $96,000. Hedge funds and other institutional investors own 45.75% of the company’s stock.

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.