Getty Images (NYSE:GETY) Shares Gap Down – Should You Sell?

Getty Images Holdings, Inc. (NYSE:GETY)’s share price gapped down before the market opened on Tuesday . The stock had previously closed at $2.44, but opened at $2.39. Getty Images shares last traded at $2.38, with a volume of 370,699 shares changing hands.

Analysts Set New Price Targets

GETY has been the topic of a number of research analyst reports. Wedbush restated an “outperform” rating and set a $7.70 price objective on shares of Getty Images in a research report on Tuesday, January 7th. JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Getty Images in a research report on Wednesday, December 18th. Benchmark reiterated a “buy” rating and issued a $6.00 price target on shares of Getty Images in a research report on Friday, January 10th. Finally, Macquarie reiterated a “neutral” rating and issued a $3.75 price target on shares of Getty Images in a research report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, Getty Images presently has an average rating of “Hold” and a consensus price target of $5.61.

Getty Images Stock Down 3.9 %

The company has a market capitalization of $1.10 billion, a PE ratio of 22.33 and a beta of 1.93. The company’s 50 day moving average is $2.74 and its two-hundred day moving average is $3.32. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 1.84.

Insider Activity at Getty Images

In related news, CEO Craig Warren Peters sold 32,753 shares of Getty Images stock in a transaction dated Tuesday, December 24th. The shares were sold at an average price of $2.20, for a total transaction of $72,056.60. Following the completion of the sale, the chief executive officer now owns 1,212,648 shares in the company, valued at $2,667,825.60. This trade represents a 2.63 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Chinh Chu sold 48,400 shares of Getty Images stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $4.05, for a total transaction of $196,020.00. Following the sale, the director now owns 9,706,670 shares of the company’s stock, valued at $39,312,013.50. The trade was a 0.50 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 4,249,754 shares of company stock valued at $10,560,522. Corporate insiders own 12.30% of the company’s stock.

Institutional Investors Weigh In On Getty Images

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GETY. Intech Investment Management LLC purchased a new position in shares of Getty Images in the 3rd quarter worth approximately $44,000. Aigen Investment Management LP purchased a new position in shares of Getty Images in the 3rd quarter worth approximately $48,000. Renaissance Technologies LLC purchased a new position in shares of Getty Images in the 2nd quarter worth approximately $91,000. Verition Fund Management LLC purchased a new position in shares of Getty Images in the 3rd quarter worth approximately $96,000. Finally, SG Americas Securities LLC purchased a new position in shares of Getty Images in the 3rd quarter worth approximately $135,000. 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.