Getty Images Sees Unusually Large Options Volume (NYSE:GETY)

Getty Images Holdings, Inc. (NYSE:GETY) was the recipient of some unusual options trading on Monday. Stock investors bought 10,465 call options on the company. This is an increase of 839% compared to the average volume of 1,114 call options.

Insider Buying and Selling at Getty Images

In other Getty Images news, insider Grant Farhall sold 42,022 shares of the stock in a transaction on Wednesday, March 25th. The stock was sold at an average price of $0.78, for a total transaction of $32,777.16. Following the transaction, the insider owned 288,190 shares in the company, valued at $224,788.20. This trade represents a 12.73% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Michael Teaster sold 38,100 shares of Getty Images stock in a transaction on Friday, June 5th. The stock was sold at an average price of $0.79, for a total value of $30,099.00. Following the sale, the insider directly owned 488,862 shares of the company’s stock, valued at $386,200.98. This represents a 7.23% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 429,663 shares of company stock valued at $335,518 in the last ninety days. 12.50% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Getty Images

Several large investors have recently bought and sold shares of the stock. Koch Inc. lifted its stake in shares of Getty Images by 42.8% during the 4th quarter. Koch Inc. now owns 115,259,246 shares of the company’s stock valued at $154,447,000 after buying an additional 34,525,639 shares in the last quarter. Callodine Capital Management LP grew its stake in Getty Images by 20.0% in the 1st quarter. Callodine Capital Management LP now owns 600,000 shares of the company’s stock valued at $476,000 after buying an additional 100,000 shares in the last quarter. Alpine Global Management LLC bought a new stake in Getty Images during the 4th quarter valued at $98,000. Ionic Capital Management LLC bought a new stake in Getty Images during the 4th quarter valued at $248,000. Finally, BNP Paribas Financial Markets lifted its position in shares of Getty Images by 103.2% during the third quarter. BNP Paribas Financial Markets now owns 21,794 shares of the company’s stock worth $43,000 after acquiring an additional 11,066 shares in the last quarter. 45.75% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Zacks Research raised shares of Getty Images from a “strong sell” rating to a “hold” rating in a research report on Monday, May 18th. Citigroup cut their price objective on Getty Images from $1.85 to $0.85 and set a “neutral” rating on the stock in a report on Monday, February 23rd. Weiss Ratings lowered shares of Getty Images from a “sell (d)” rating to a “sell (e+)” rating in a report on Tuesday, May 12th. Finally, Wedbush reiterated an “outperform” rating and issued a $7.00 price target on shares of Getty Images in a research report on Tuesday, May 12th. One equities research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Getty Images currently has an average rating of “Hold” and a consensus price target of $3.78.

Getty Images Stock Up 114.0%

Shares of NYSE GETY traded up $0.69 during trading on Monday, hitting $1.29. 133,392,208 shares of the company traded hands, compared to its average volume of 3,405,723. The business’s fifty day moving average is $0.86 and its 200 day moving average is $1.01. Getty Images has a fifty-two week low of $0.58 and a fifty-two week high of $3.21. The company has a debt-to-equity ratio of 2.13, a quick ratio of 0.76 and a current ratio of 0.76. The firm has a market capitalization of $542.55 million, a price-to-earnings ratio of -4.91 and a beta of 2.03.

Getty Images (NYSE:GETY) last released its quarterly earnings data on Monday, May 11th. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.02). Getty Images had a negative net margin of 10.94% and a negative return on equity of 17.01%. The firm had revenue of $226.57 million for the quarter, compared to the consensus estimate of $238.90 million. Equities research analysts predict that Getty Images will post -0.03 earnings per share for the current fiscal year.

About Getty Images

Getty Images (NYSE: GETY) is a leading global provider of digital visual content, offering an extensive library of stock photography, editorial imagery, video footage and music. The company supplies creative and rights-managed assets to a broad range of industries, including advertising, media, corporate communications and publishing. Through its online platform and licensing services, Getty Images enables customers to search, license and download multimedia content for commercial and editorial use.

Founded in 1995 by Mark Getty and Jonathan Klein, Getty Images pioneered the aggregation of photographic archives into a centralized, digital marketplace.