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

Getty Images Holdings, Inc. (NYSE:GETY) 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.

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

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.