Getty Images (NYSE:GETY) Shares Gap Down – Here’s What Happened

Getty Images Holdings, Inc. (NYSE:GETY) shares gapped down before the market opened on Monday . The stock had previously closed at $2.19, but opened at $2.10. Getty Images shares last traded at $2.09, with a volume of 167,786 shares traded.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Citigroup reiterated a “neutral” rating and set a $2.45 price objective on shares of Getty Images in a research note on Monday. JPMorgan Chase & Co. restated an “underweight” rating on shares of Getty Images in a research note on Wednesday, December 18th. Macquarie restated a “neutral” rating and issued a $3.75 price target on shares of Getty Images in a research note on Wednesday, January 8th. Benchmark dropped their price target on shares of Getty Images from $6.00 to $4.50 and set a “buy” rating on the stock in a research note on Tuesday, March 18th. Finally, Wedbush restated an “outperform” rating and issued a $7.70 price target on shares of Getty Images in a research note on Thursday, March 13th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $4.60.

Getty Images Stock Down 2.3 %

The stock has a market capitalization of $882.90 million, a P/E ratio of 17.83 and a beta of 1.97. The company has a debt-to-equity ratio of 1.84, a current ratio of 0.79 and a quick ratio of 0.79. The stock’s fifty day moving average is $2.42 and its two-hundred day moving average is $2.96.

Getty Images (NYSE:GETY) last released its earnings results on Monday, March 17th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.05). Getty Images had a return on equity of 6.42% and a net margin of 5.91%. The company had revenue of $247.30 million during the quarter, compared to analysts’ expectations of $245.50 million. The company’s revenue for the quarter was up 9.5% on a year-over-year basis. As a group, research analysts predict that Getty Images Holdings, Inc. will post 0.08 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Jennifer Leyden sold 12,342 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 $27,152.40. Following the transaction, the chief financial officer now owns 261,034 shares in the company, valued at approximately $574,274.80. This trade represents a 4.51 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 transaction, the chief executive officer now owns 1,212,648 shares in the company, valued at $2,667,825.60. This represents a 2.63 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 70,521 shares of company stock worth $155,146 in the last quarter. 12.30% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. BNP Paribas Financial Markets bought a new position in Getty Images in the 4th quarter worth $27,000. Aristeia Capital L.L.C. acquired a new stake in Getty Images in the 4th quarter worth $28,000. Ameriprise Financial Inc. acquired a new stake in Getty Images in the 4th quarter worth $28,000. Virtu Financial LLC acquired a new stake in Getty Images in the 4th quarter worth $33,000. Finally, Oxford Asset Management LLP acquired a new stake in Getty Images in the 4th quarter worth $33,000. 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.