Getty Images (NYSE:GETY) Reaches New 1-Year Low – Time to Sell?

Getty Images Holdings, Inc. (NYSE:GETY) reached a new 52-week low during mid-day trading on Monday . The company traded as low as $2.03 and last traded at $2.04, with a volume of 374668 shares trading hands. The stock had previously closed at $2.14.

Wall Street Analyst Weigh In

GETY has been the topic of several research reports. Benchmark reissued a “buy” rating and set a $6.00 price objective on shares of Getty Images in a report on Friday, January 10th. JPMorgan Chase & Co. reissued an “underweight” rating on shares of Getty Images in a research report on Wednesday, December 18th. Macquarie reaffirmed a “neutral” rating and set a $3.75 price objective on shares of Getty Images in a research report on Wednesday, January 8th. Finally, Wedbush reiterated an “outperform” rating and issued a $7.70 target price on shares of Getty Images in a report on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $5.61.

Getty Images Price Performance

The firm has a market cap of $830.37 million, a PE ratio of 16.83 and a beta of 1.95. The stock has a 50 day simple moving average of $2.50 and a two-hundred day simple moving average of $3.10. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.79 and a current ratio of 0.79.

Insider Buying and Selling

In related news, CEO Craig Warren Peters sold 32,753 shares of the firm’s stock in a transaction on Tuesday, December 24th. The shares were sold at an average price of $2.20, for a total transaction of $72,056.60. Following the sale, the chief executive officer now owns 1,212,648 shares in the company, valued at approximately $2,667,825.60. This trade represents a 2.63 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Jennifer Leyden sold 12,342 shares of the company’s stock in a transaction dated Tuesday, December 24th. The stock was sold at an average price of $2.20, for a total transaction of $27,152.40. Following the completion of the transaction, the chief financial officer now owns 261,034 shares of the company’s stock, valued at approximately $574,274.80. This trade represents a 4.51 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 70,521 shares of company stock valued at $155,146 over the last ninety days. Company insiders own 12.30% of the company’s stock.

Hedge Funds Weigh In On Getty Images

A number of hedge funds have recently bought and sold shares of the business. Koch Inc. acquired a new position in shares of Getty Images during the 4th quarter worth approximately $174,385,000. Toronto Dominion Bank purchased a new stake in Getty Images in the 4th quarter worth $3,553,000. Wexford Capital LP acquired a new position in Getty Images during the fourth quarter worth $80,000. ProShare Advisors LLC lifted its holdings in Getty Images by 49.0% during the fourth quarter. ProShare Advisors LLC now owns 28,255 shares of the company’s stock valued at $61,000 after purchasing an additional 9,297 shares in the last quarter. Finally, Occudo Quantitative Strategies LP purchased a new position in Getty Images during the fourth quarter valued at $168,000. Hedge funds and other institutional investors own 45.75% of the company’s stock.

Getty Images Company Profile

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.