Getty Images (NYSE:GETY) Sets New 1-Year Low at $3.35

Getty Images Holdings, Inc. (NYSE:GETYGet Free Report) shares hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $3.35 and last traded at $3.35, with a volume of 291872 shares changing hands. The stock had previously closed at $3.59.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Citigroup raised their price objective on Getty Images from $5.50 to $6.00 and gave the company a “buy” rating in a research report on Friday, March 15th. Benchmark cut their price target on shares of Getty Images from $8.00 to $6.00 and set a “buy” rating on the stock in a report on Friday, May 10th. Finally, Wedbush reiterated an “outperform” rating and issued a $7.70 target price 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 given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $6.08.

View Our Latest Analysis on GETY

Getty Images Stock Down 2.2 %

The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 2.01. The business has a 50-day moving average price of $3.72 and a 200-day moving average price of $4.35. The firm has a market capitalization of $1.34 billion, a PE ratio of 54.58 and a beta of 2.09.

Getty Images (NYSE:GETYGet Free Report) last posted its earnings results on Thursday, May 9th. The company reported $0.01 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.01. The company had revenue of $222.28 million during the quarter, compared to analysts’ expectations of $223.29 million. Getty Images had a return on equity of 9.18% and a net margin of 3.33%. Equities research analysts forecast that Getty Images Holdings, Inc. will post 0.13 earnings per share for the current fiscal year.

Insider Transactions at Getty Images

In related news, Director Chinh Chu sold 117,739 shares of the company’s stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $4.14, for a total value of $487,439.46. Following the completion of the sale, the director now directly owns 9,190,849 shares of the company’s stock, valued at approximately $38,050,114.86. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Getty Images news, CEO Craig Warren Peters sold 155,515 shares of Getty Images stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $4.41, for a total value of $685,821.15. Following the completion of the sale, the chief executive officer now owns 1,244,048 shares in the company, valued at approximately $5,486,251.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Chinh Chu sold 117,739 shares of the firm’s stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $4.14, for a total value of $487,439.46. Following the completion of the transaction, the director now owns 9,190,849 shares in the company, valued at $38,050,114.86. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 815,679 shares of company stock valued at $3,458,306. 12.30% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Natixis acquired a new stake in Getty Images during the first quarter valued at approximately $42,000. EntryPoint Capital LLC bought a new stake in shares of Getty Images in the 1st quarter valued at approximately $47,000. Kessler Investment Group LLC acquired a new stake in shares of Getty Images during the 1st quarter valued at approximately $89,000. Fifth Lane Capital LP bought a new position in Getty Images during the first quarter worth $104,000. Finally, Corton Capital Inc. boosted its holdings in Getty Images by 49.3% in the third quarter. Corton Capital Inc. now owns 16,864 shares of the company’s stock worth $109,000 after purchasing an additional 5,571 shares during the period. 45.75% of the stock is owned by institutional investors and hedge funds.

Getty Images Company Profile

(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.

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