Ergoteles LLC Makes New $80,000 Investment in Getty Images Holdings, Inc. (NYSE:GETY)

Ergoteles LLC acquired a new position in shares of Getty Images Holdings, Inc. (NYSE:GETYGet Rating) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 11,715 shares of the company’s stock, valued at approximately $80,000.

Separately, Victory Capital Management Inc. bought a new position in shares of Getty Images in the 3rd quarter valued at about $96,000.

Getty Images Price Performance

Shares of GETY stock opened at $5.44 on Thursday. The company has a debt-to-equity ratio of 2.52, a quick ratio of 0.74 and a current ratio of 0.74. The company’s 50 day moving average price is $5.90 and its two-hundred day moving average price is $7.54. Getty Images Holdings, Inc. has a 52 week low of $4.51 and a 52 week high of $37.88.

Insiders Place Their Bets

In other Getty Images news, major shareholder Neuberger Berman Group Llc sold 73,555 shares of the firm’s stock in a transaction that occurred on Tuesday, February 7th. The shares were sold at an average price of $7.89, for a total transaction of $580,348.95. Following the sale, the insider now directly owns 64,523,168 shares in the company, valued at approximately $509,087,795.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.11% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Wedbush assumed coverage on shares of Getty Images in a research note on Wednesday, December 21st. They issued an “outperform” rating and a $6.00 target price on the stock. Redburn Partners raised shares of Getty Images from a “neutral” rating to a “buy” rating and reduced their target price for the company from $9.90 to $5.70 in a research note on Wednesday, November 23rd. Citigroup upgraded shares of Getty Images from a “neutral” rating to a “buy” rating and cut their price target for the company from $33.00 to $8.00 in a research report on Tuesday, November 15th. Finally, The Goldman Sachs Group cut their price target on shares of Getty Images from $8.00 to $7.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 15th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $7.33.

Getty Images Profile

(Get Rating)

Getty Images Holdings, Inc operates as a visual content creator and marketplace in the United States and internationally. It maintains privately-owned photographic archives covering approximately 160,000 news, sport, and entertainment events, as well as variety of subjects, including lifestyle, business, science, health and beauty, sports, transportation, and travel under the Getty Images, iStock, and Unsplash brands.

Further Reading

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Institutional Ownership by Quarter for Getty Images (NYSE:GETY)

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