Getty Images (NYSE:GETY) Stock Price Down 4.2% – Should You Sell?

Getty Images Holdings, Inc. (NYSE:GETY)’s stock price was down 4.2% during trading on Thursday . The company traded as low as $1.78 and last traded at $1.81. Approximately 226,073 shares changed hands during trading, a decline of 81% from the average daily volume of 1,198,109 shares. The stock had previously closed at $1.89.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on GETY shares. Wall Street Zen downgraded Getty Images from a “buy” rating to a “sell” rating in a research report on Thursday, May 22nd. Benchmark dropped their price target on shares of Getty Images from $4.50 to $3.50 and set a “buy” rating on the stock in a research note on Tuesday, May 13th. Citigroup reaffirmed a “neutral” rating and issued a $2.45 price target on shares of Getty Images in a research note on Monday, March 24th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $7.70 price target on shares of Getty Images in a research note on Tuesday, May 6th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $4.35.

Getty Images Price Performance

The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 1.84. The stock has a market capitalization of $729.68 million, a price-to-earnings ratio of 14.71 and a beta of 1.91. The company’s 50-day simple moving average is $1.78 and its 200 day simple moving average is $2.18.

Getty Images (NYSE:GETY) last released its quarterly earnings results on Monday, May 12th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.17). Getty Images had a net margin of 5.91% and a return on equity of 6.42%. The firm had revenue of $224.08 million for the quarter, compared to the consensus estimate of $236.01 million. During the same quarter last year, the company earned $0.03 earnings per share. The firm’s revenue was up .8% on a year-over-year basis. Equities research analysts forecast that Getty Images Holdings, Inc. will post 0.08 EPS for the current year.

Insider Buying and Selling at Getty Images

In related news, SVP Cho Mikael sold 18,590 shares of the stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of $2.12, for a total value of $39,410.80. Following the completion of the sale, the senior vice president now owns 123,862 shares in the company, valued at approximately $262,587.44. This trade represents a 13.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO Nathaniel Gandert sold 15,859 shares of the firm’s stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of $2.12, for a total transaction of $33,621.08. Following the transaction, the chief technology officer now owns 534,377 shares of the company’s stock, valued at approximately $1,132,879.24. This represents a 2.88% decrease in their position. The disclosure for this sale can be found here. Insiders sold 226,668 shares of company stock worth $480,536 over the last ninety days. Company insiders own 12.30% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets acquired a new stake in shares of Getty Images in the fourth quarter valued at approximately $27,000. Aristeia Capital L.L.C. bought a new stake in Getty Images in the 4th quarter valued at $28,000. Ameriprise Financial Inc. bought a new stake in Getty Images in the 4th quarter valued at $28,000. Virtu Financial LLC acquired a new stake in Getty Images in the 4th quarter valued at $33,000. Finally, Oxford Asset Management LLP acquired a new stake in Getty Images in the 4th quarter valued at $33,000. 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.