Getty Images (NYSE:GETY) Stock Price Down 5% – Should You Sell?

Getty Images Holdings, Inc. (NYSE:GETY)’s share price was down 5% during mid-day trading on Thursday . The stock traded as low as $2.57 and last traded at $2.56. Approximately 1,842,106 shares traded hands during trading, a decline of 78% from the average daily volume of 8,205,106 shares. The stock had previously closed at $2.69.

Wall Street Analyst Weigh In

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

Getty Images Trading Up 0.6 %

The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 1.84. The stock has a market capitalization of $1.06 billion, a PE ratio of 21.54 and a beta of 1.93. The business’s fifty day moving average is $2.63 and its 200-day moving average is $3.30.

Insider Transactions at Getty Images

In related news, major shareholder Neuberger Berman Group Llc sold 4,100,000 shares of the firm’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $2.46, for a total transaction of $10,086,000.00. Following the completion of the sale, the insider now directly owns 74,175,262 shares of the company’s stock, valued at approximately $182,471,144.52. This trade represents a 5.24 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Craig Warren Peters sold 32,753 shares of the business’s stock in a transaction on Tuesday, December 24th. The stock was sold at an average price of $2.20, for a total transaction of $72,056.60. Following the completion of the transaction, the chief executive officer now owns 1,212,648 shares in the company, valued at $2,667,825.60. This represents a 2.63 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 4,241,511 shares of company stock worth $10,527,468 in the last three months. 12.30% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Getty Images

Large investors have recently modified their holdings of the stock. Geode Capital Management LLC grew its position in shares of Getty Images by 5.6% in the 3rd quarter. Geode Capital Management LLC now owns 1,663,955 shares of the company’s stock worth $6,340,000 after acquiring an additional 88,533 shares in the last quarter. State Street Corp increased its stake in Getty Images by 46.3% during the third quarter. State Street Corp now owns 1,474,167 shares of the company’s stock valued at $5,617,000 after purchasing an additional 466,521 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Getty Images by 12.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 524,987 shares of the company’s stock worth $2,000,000 after purchasing an additional 58,135 shares during the period. FMR LLC lifted its position in shares of Getty Images by 5.0% in the 3rd quarter. FMR LLC now owns 166,221 shares of the company’s stock worth $633,000 after buying an additional 7,897 shares during the last quarter. Finally, Barclays PLC boosted its holdings in shares of Getty Images by 47.1% in the 3rd quarter. Barclays PLC now owns 156,216 shares of the company’s stock valued at $596,000 after buying an additional 49,995 shares during the period. 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.