Getty Images (NYSE:GETY) Shares Down 3.9% – Here’s Why

Getty Images Holdings, Inc. (NYSE:GETY)’s stock price fell 3.9% during trading on Tuesday . The company traded as low as $2.15 and last traded at $2.12. 38,208 shares were traded during mid-day trading, a decline of 97% from the average session volume of 1,092,965 shares. The stock had previously closed at $2.20.

Wall Street Analyst Weigh In

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

Getty Images Trading Down 3.0 %

The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 1.84. The firm has a 50 day moving average price of $2.42 and a 200 day moving average price of $2.95. The stock has a market capitalization of $880.83 million, a PE ratio of 17.79 and a beta of 1.97.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Rhumbline Advisers increased its stake in Getty Images by 3.6% in the 4th quarter. Rhumbline Advisers now owns 125,421 shares of the company’s stock valued at $271,000 after buying an additional 4,359 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Getty Images by 15.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 36,897 shares of the company’s stock valued at $80,000 after acquiring an additional 4,826 shares during the last quarter. FMR LLC lifted its holdings in Getty Images by 5.0% during the third quarter. FMR LLC now owns 166,221 shares of the company’s stock worth $633,000 after acquiring an additional 7,897 shares during the period. ProShare Advisors LLC boosted its position in Getty Images by 49.0% in the fourth quarter. ProShare Advisors LLC now owns 28,255 shares of the company’s stock worth $61,000 after purchasing an additional 9,297 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its stake in Getty Images by 25.4% in the 4th quarter. JPMorgan Chase & Co. now owns 46,590 shares of the company’s stock valued at $101,000 after purchasing an additional 9,434 shares during the period. 45.75% of the stock is currently owned by hedge funds and other institutional investors.

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.