Getty Images (NYSE:GETY) Trading Down 2.5%

Getty Images Holdings, Inc. (NYSE:GETY)’s share price was down 2.5% during mid-day trading on Monday . The company traded as low as $3.14 and last traded at $3.15. Approximately 45,079 shares were traded during mid-day trading, a decline of 92% from the average daily volume of 560,206 shares. The stock had previously closed at $3.23.

Analysts Set New Price Targets

A number of research firms have weighed in on GETY. Wedbush reaffirmed an “outperform” rating and set a $7.70 price target on shares of Getty Images in a research note on Monday, May 6th. Benchmark cut their target price on Getty Images from $8.00 to $6.00 and set a “buy” rating on the stock in a research report on Friday, May 10th. Finally, Citigroup boosted their price target on Getty Images from $5.50 to $6.00 and gave the company a “buy” rating in a research report on Friday, March 15th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $6.08.

Getty Images Stock Down 0.5 %

The company has a debt-to-equity ratio of 2.01, a current ratio of 0.86 and a quick ratio of 0.86. The company has a market cap of $1.34 billion, a price-to-earnings ratio of 54.83 and a beta of 2.05. The firm’s 50-day moving average price is $3.56 and its 200-day moving average price is $4.17.

Getty Images (NYSE:GETY) last released its quarterly earnings data on Thursday, May 9th. The company reported $0.01 EPS for the quarter, meeting the consensus estimate of $0.01. Getty Images had a return on equity of 9.18% and a net margin of 3.33%. The company had revenue of $222.28 million for the quarter, compared to analyst estimates of $223.29 million. Sell-side analysts forecast that Getty Images Holdings, Inc. will post 0.13 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Craig Warren Peters sold 32,977 shares of Getty Images stock in a transaction that occurred on Tuesday, June 25th. The shares were sold at an average price of $3.23, for a total transaction of $106,515.71. Following the sale, the chief executive officer now owns 1,211,071 shares in the company, valued at $3,911,759.33. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Craig Warren Peters sold 32,977 shares of the firm’s stock in a transaction dated Tuesday, June 25th. The stock was sold at an average price of $3.23, for a total transaction of $106,515.71. Following the completion of the sale, the chief executive officer now directly owns 1,211,071 shares in the company, valued at $3,911,759.33. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Daine Marc Weston sold 10,227 shares of the business’s stock in a transaction dated Tuesday, June 25th. The stock was sold at an average price of $3.23, for a total value of $33,033.21. Following the completion of the transaction, the vice president now owns 89,622 shares in the company, valued at approximately $289,479.06. The disclosure for this sale can be found here. Insiders sold a total of 143,031 shares of company stock worth $511,335 in the last 90 days. 12.30% of the stock is owned by company insiders.

Institutional Trading of Getty Images

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Victory Capital Management Inc. grew its holdings in Getty Images by 20.4% during the 4th quarter. Victory Capital Management Inc. now owns 25,309 shares of the company’s stock worth $133,000 after acquiring an additional 4,281 shares in the last quarter. Natixis bought a new position in shares of Getty Images during the first quarter worth about $42,000. EntryPoint Capital LLC acquired a new position in Getty Images in the first quarter worth about $47,000. Kessler Investment Group LLC bought a new stake in Getty Images in the first quarter valued at about $89,000. Finally, Fifth Lane Capital LP acquired a new stake in Getty Images during the first quarter valued at approximately $104,000. 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.