Getty Images (NYSE:GETY) Reaches New 52-Week Low at $4.50

Shares of Getty Images Holdings, Inc. (NYSE:GETY – Get Rating) hit a new 52-week low during trading on Friday . The stock traded as low as $4.50 and last traded at $4.51, with a volume of 225720 shares. The stock had previously closed at $4.90.

Analysts Set New Price Targets

Several brokerages have commented on GETY. Wedbush reiterated an “outperform” rating and issued a $6.00 price target on shares of Getty Images in a research note on Tuesday, March 14th. The Goldman Sachs Group decreased their price target on shares of Getty Images from $7.00 to $6.00 and set a “neutral” rating on the stock in a research note on Wednesday. Redburn Partners upgraded shares of Getty Images from a “neutral” rating to a “buy” rating and decreased their price target for the stock from $9.90 to $5.70 in a research note on Wednesday, November 23rd. Finally, Benchmark decreased their target price on shares of Getty Images from $9.00 to $7.00 in a research report on Tuesday, March 14th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Getty Images presently has a consensus rating of “Moderate Buy” and a consensus target price of $6.83.

Getty Images Stock Performance

The firm’s 50-day moving average price is $5.84 and its 200-day moving average price is $6.51. The company has a current ratio of 0.84, a quick ratio of 0.74 and a debt-to-equity ratio of 2.41.

Getty Images (NYSE:GETY – Get Rating) last issued its quarterly earnings results on Monday, March 13th. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of $0.10 by ($0.16). The company had revenue of $231.47 million for the quarter, compared to the consensus estimate of $242.00 million. As a group, sell-side analysts expect that Getty Images Holdings, Inc. will post 0.18 EPS for the current year.

Insider Activity at Getty Images

In other Getty Images news, major shareholder Neuberger Berman Group Llc sold 73,555 shares of the company’s stock in a transaction dated Tuesday, February 7th. The shares were sold at an average price of $7.89, for a total value of $580,348.95. Following the transaction, 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.11% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Getty Images

A number of hedge funds have recently added to or reduced their stakes in the stock. Carlyle Group Inc. bought a new position in Getty Images in the 4th quarter worth about $66,061,000. Charles Schwab Investment Management Inc. lifted its position in shares of Getty Images by 167.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 30,987 shares of the company’s stock worth $172,000 after purchasing an additional 19,394 shares during the period. Advisor Group Holdings Inc. lifted its position in shares of Getty Images by 90,312.5% in the 4th quarter. Advisor Group Holdings Inc. now owns 28,932 shares of the company’s stock worth $160,000 after purchasing an additional 28,900 shares during the period. Victory Capital Management Inc. lifted its position in shares of Getty Images by 61.8% in the 4th quarter. Victory Capital Management Inc. now owns 22,850 shares of the company’s stock worth $127,000 after purchasing an additional 8,725 shares during the period. Finally, Verition Fund Management LLC purchased a new stake in shares of Getty Images in the 3rd quarter worth approximately $110,000.

Getty Images Company Profile

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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.