Getty Images (NYSE:GETY) Shares Gap Down to $3.72

Getty Images Holdings, Inc. (NYSE:GETYGet Free Report)’s share price gapped down before the market opened on Tuesday . The stock had previously closed at $3.72, but opened at $3.62. Getty Images shares last traded at $3.62, with a volume of 83,641 shares trading hands.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on GETY. Benchmark dropped their price target on Getty Images from $8.00 to $6.00 and set a “buy” rating on the stock in a research note on Friday, May 10th. Citigroup increased their target price on Getty Images from $5.50 to $6.00 and gave the stock a “buy” rating in a report on Friday, March 15th. Finally, Wedbush restated an “outperform” rating and set a $7.70 price target on shares of Getty Images in a research note on Monday, May 6th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Getty Images presently has an average rating of “Moderate Buy” and an average price target of $6.08.

View Our Latest Research Report on GETY

Getty Images Stock Performance

The company has a market cap of $1.52 billion, a P/E ratio of 62.17 and a beta of 2.09. The business has a 50 day moving average price of $3.83 and a two-hundred day moving average price of $4.46. The company has a debt-to-equity ratio of 2.01, a quick ratio of 0.86 and a current ratio of 0.86.

Getty Images (NYSE:GETYGet Free Report) last posted its quarterly earnings results on Thursday, May 9th. The company reported $0.01 EPS for the quarter, meeting analysts’ consensus estimates of $0.01. The company had revenue of $222.28 million during the quarter, compared to analyst estimates of $223.29 million. Getty Images had a net margin of 3.33% and a return on equity of 9.18%. On average, sell-side analysts anticipate that Getty Images Holdings, Inc. will post 0.13 earnings per share for the current year.

Insider Transactions at Getty Images

In other Getty Images news, Director Chinh Chu sold 14,027 shares of the firm’s stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $4.02, for a total value of $56,388.54. Following the completion of the sale, the director now directly owns 8,446,838 shares in the company, valued at $33,956,288.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, SVP Kenneth Arrigo Mainardis sold 33,177 shares of the stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $4.64, for a total value of $153,941.28. Following the completion of the transaction, the senior vice president now directly owns 261,560 shares in the company, valued at approximately $1,213,638.40. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Chinh Chu sold 14,027 shares of Getty Images stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $4.02, for a total transaction of $56,388.54. Following the transaction, the director now directly owns 8,446,838 shares of the company’s stock, valued at $33,956,288.76. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,276,490 shares of company stock valued at $5,677,587. Company insiders own 12.30% of the company’s stock.

Institutional Investors Weigh In On Getty Images

Several hedge funds have recently added to or reduced their stakes in GETY. Skandinaviska Enskilda Banken AB publ bought a new position in Getty Images in the 3rd quarter valued at approximately $26,000. Natixis bought a new position in Getty Images during the 1st quarter valued at about $42,000. EntryPoint Capital LLC bought a new stake in shares of Getty Images in the first quarter worth approximately $47,000. Kessler Investment Group LLC purchased a new position in shares of Getty Images during the first quarter valued at approximately $89,000. Finally, Fifth Lane Capital LP bought a new position in Getty Images during the first quarter valued at approximately $104,000. 45.75% of the stock is owned by institutional investors.

About Getty Images

(Get Free Report)

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.

Featured Articles

Receive News & Ratings for Getty Images Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Getty Images and related companies with MarketBeat.com's FREE daily email newsletter.