Getty Images (NYSE:GETY) Sets New 12-Month Low – Should You Sell?

Shares of Getty Images Holdings, Inc. (NYSE:GETY) reached a new 52-week low during trading on Tuesday . The stock traded as low as $2.06 and last traded at $2.09, with a volume of 266107 shares trading hands. The stock had previously closed at $2.21.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Wedbush restated an “outperform” rating and issued a $7.70 price target on shares of Getty Images in a research report on Tuesday, January 7th. JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Getty Images in a research report on Wednesday, December 18th. Benchmark reaffirmed a “buy” rating and issued a $6.00 price objective on shares of Getty Images in a research note on Friday, January 10th. Finally, Macquarie reaffirmed a “neutral” rating and set a $3.75 price objective on shares of Getty Images in a research report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $5.61.

Getty Images Stock Performance

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 stock’s 50-day simple moving average is $2.52 and its two-hundred day simple moving average is $3.14. The stock has a market cap of $852.99 million, a price-to-earnings ratio of 17.29 and a beta of 1.95.

Insiders Place Their Bets

In related news, CFO Jennifer Leyden sold 12,342 shares of Getty Images stock in a transaction dated 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 directly 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Craig Warren Peters sold 32,753 shares of the firm’s stock in a transaction on Tuesday, December 24th. The shares were sold at an average price of $2.20, for a total value of $72,056.60. Following the sale, the chief executive officer now directly owns 1,212,648 shares of the company’s stock, valued at $2,667,825.60. This represents a 2.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 70,521 shares of company stock valued at $155,146 in the last three months. Company insiders own 12.30% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in GETY. Rhumbline Advisers raised its stake in shares of Getty Images by 3.6% in the fourth quarter. Rhumbline Advisers now owns 125,421 shares of the company’s stock worth $271,000 after acquiring an additional 4,359 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in Getty Images by 15.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 36,897 shares of the company’s stock worth $80,000 after purchasing an additional 4,826 shares during the last quarter. FMR LLC lifted its holdings in Getty Images by 5.0% during the 3rd quarter. FMR LLC now owns 166,221 shares of the company’s stock worth $633,000 after buying an additional 7,897 shares in the last quarter. ProShare Advisors LLC lifted its holdings in Getty Images by 49.0% in the fourth quarter. ProShare Advisors LLC now owns 28,255 shares of the company’s stock valued at $61,000 after buying an additional 9,297 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in Getty Images by 25.4% in the fourth quarter. JPMorgan Chase & Co. now owns 46,590 shares of the company’s stock valued at $101,000 after buying an additional 9,434 shares during the period. Institutional investors and hedge funds 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.