Getty Images (NYSE:GETY) Stock Price Up 8.1% – Time to Buy?

Getty Images Holdings, Inc. (NYSE:GETYGet Free Report) was up 8.1% during mid-day trading on Monday . The stock traded as high as $2.20 and last traded at $2.21. Approximately 1,069,123 shares traded hands during mid-day trading, a decline of 1% from the average daily volume of 1,080,596 shares. The stock had previously closed at $2.04.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Wedbush restated an “outperform” rating and issued a $7.70 price objective on shares of Getty Images in a research note on Thursday. JPMorgan Chase & Co. reissued an “underweight” rating on shares of Getty Images in a research note on Wednesday, December 18th. Macquarie reissued a “neutral” rating and issued a $3.75 price target on shares of Getty Images in a research note on Wednesday, January 8th. Finally, Benchmark reiterated a “buy” rating and set a $6.00 price objective on shares of Getty Images in a research note on Friday, January 10th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $5.61.

Read Our Latest Stock Analysis on GETY

Getty Images Stock Performance

The firm has a market cap of $886.28 million, a PE ratio of 18.21 and a beta of 1.97. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.79 and a current ratio of 0.79. The firm’s 50 day moving average price is $2.47 and its two-hundred day moving average price is $3.01.

Insider Buying and Selling

In related news, CEO Craig Warren Peters sold 32,753 shares of the business’s stock in a transaction on Tuesday, December 24th. The stock was sold at an average price of $2.20, for a total value 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. The trade was a 2.63 % decrease in their position. 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 Getty Images stock in a transaction that occurred 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 completion of the transaction, the chief financial officer now owns 261,034 shares of the company’s stock, valued at $574,274.80. This trade represents a 4.51 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 70,521 shares of company stock worth $155,146. Company insiders own 12.30% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in GETY. Charles Schwab Investment Management Inc. lifted its position in shares of Getty Images by 12.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 524,987 shares of the company’s stock worth $2,000,000 after buying an additional 58,135 shares during the last quarter. Franklin Resources Inc. purchased a new position in Getty Images in the 3rd quarter valued at $221,000. Barclays PLC increased its stake in shares of Getty Images by 47.1% during the third quarter. Barclays PLC now owns 156,216 shares of the company’s stock worth $596,000 after acquiring an additional 49,995 shares during the period. Jane Street Group LLC increased its position in Getty Images by 139.8% during the 3rd quarter. Jane Street Group LLC now owns 67,712 shares of the company’s stock worth $258,000 after purchasing an additional 39,477 shares during the period. Finally, State Street Corp raised its position in Getty Images by 46.3% in the third quarter. State Street Corp now owns 1,474,167 shares of the company’s stock worth $5,617,000 after acquiring an additional 466,521 shares in the last quarter. Hedge funds and other institutional investors own 45.75% of the company’s stock.

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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