By otakuyassine3@gmail.com 
Getty Images Holdings, Inc. (NYSE:GETY – Get Free Report)’s stock price shot up 8% during mid-day trading on Thursday . The company traded as high as $2.89 and last traded at $2.91. 2,578,161 shares changed hands during trading, a decline of 54% from the average session volume of 5,581,422 shares. The stock had previously closed at $2.69.
Wall Street Analysts Forecast Growth
Several equities research analysts recently commented on the company. Wedbush reaffirmed an “outperform” rating and set a $7.70 price objective on shares of Getty Images in a research report on Tuesday, January 7th. Macquarie reaffirmed a “neutral” rating and set a $3.75 price target on shares of Getty Images in a report on Wednesday, January 8th. Benchmark reissued a “buy” rating and set a $6.00 price objective on shares of Getty Images in a report on Friday, January 10th. Finally, JPMorgan Chase & Co. restated an “underweight” rating on shares of Getty Images in a report on Wednesday, December 18th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $5.61.
Check Out Our Latest Stock Report on GETY
Getty Images Stock Up 5.8 %
The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.84. The stock has a market cap of $1.17 billion, a P/E ratio of 23.71 and a beta of 1.94. The company’s 50 day moving average price is $2.58 and its two-hundred day moving average price is $3.24.
Insiders Place Their Bets
In other Getty Images news, CFO Jennifer Leyden sold 12,342 shares of the firm’s 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 sale, 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Craig Warren Peters sold 32,753 shares of the company’s stock in a transaction that occurred on Tuesday, December 24th. The stock was sold at an average price of $2.20, for a total transaction of $72,056.60. Following the completion of the transaction, the chief executive officer now owns 1,212,648 shares of the company’s stock, valued at approximately $2,667,825.60. The trade was a 2.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 4,171,021 shares of company stock worth $10,242,646. Company insiders own 12.30% of the company’s stock.
Hedge Funds Weigh In On Getty Images
Several hedge funds have recently modified their holdings of the stock. Rhumbline Advisers grew its stake in shares of Getty Images by 3.6% in the 4th quarter. Rhumbline Advisers now owns 125,421 shares of the company’s stock worth $271,000 after buying an additional 4,359 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Getty Images by 18.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 47,447 shares of the company’s stock worth $155,000 after buying an additional 7,267 shares during the period. FMR LLC raised its stake in shares of Getty Images by 5.0% during the third quarter. FMR LLC now owns 166,221 shares of the company’s stock valued at $633,000 after acquiring an additional 7,897 shares in the last quarter. Intech Investment Management LLC purchased a new stake in shares of Getty Images in the 3rd quarter worth $44,000. Finally, Aigen Investment Management LP purchased a new position in Getty Images during the 3rd quarter valued at about $48,000. Hedge funds and other institutional investors own 45.75% of the company’s stock.
About Getty Images
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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