Getty Images (NYSE:GETY) Shares Up 8.1% – Still a Buy?

Getty Images Holdings, Inc. (NYSE:GETY)’s stock price shot up 8.1% during trading on Monday . The stock traded as high as $2.20 and last traded at $2.21. 1,069,123 shares were traded during mid-day trading, a decline of 1% from the average session volume of 1,080,596 shares. The stock had previously closed at $2.04.

Analyst Ratings Changes

Several research firms have commented on GETY. Benchmark decreased their price objective on shares of Getty Images from $6.00 to $4.50 and set a “buy” rating on the stock in a report on Tuesday. JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Getty Images in a report on Wednesday, December 18th. Wedbush reaffirmed an “outperform” rating and set a $7.70 price target on shares of Getty Images in a research report on Thursday, March 13th. Finally, Macquarie reaffirmed a “neutral” rating and set a $3.75 price target on shares of Getty Images in a research report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $5.24.

Getty Images Trading Down 1.5 %

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 has a market capitalization of $914.64 million, a P/E ratio of 18.53 and a beta of 1.97. The firm’s fifty day simple moving average is $2.44 and its 200 day simple moving average is $2.99.

Getty Images (NYSE:GETY) last released its earnings results on Monday, March 17th. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.04 by ($0.05). Getty Images had a net margin of 5.91% and a return on equity of 6.42%. The firm had revenue of $247.30 million during the quarter, compared to the consensus estimate of $245.50 million. Getty Images’s quarterly revenue was up 9.5% on a year-over-year basis. As a group, equities research analysts forecast that Getty Images Holdings, Inc. will post 0.08 EPS for the current fiscal year.

Insider Buying and Selling at Getty Images

In other 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 value of $27,152.40. Following the sale, the chief financial officer now directly 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 document filed with the SEC, which is accessible through this hyperlink. Also, CEO Craig Warren Peters sold 32,753 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 $72,056.60. Following the completion of 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 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 ninety days. 12.30% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Getty Images

Hedge funds have recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. boosted its position in 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 period. Franklin Resources Inc. acquired a new stake in Getty Images during the 3rd quarter worth approximately $221,000. Barclays PLC boosted its position in Getty Images by 47.1% during the 3rd quarter. Barclays PLC now owns 156,216 shares of the company’s stock worth $596,000 after buying an additional 49,995 shares during the period. Jane Street Group LLC boosted 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 buying an additional 39,477 shares during the period. Finally, State Street Corp boosted its position in Getty Images by 46.3% during the 3rd quarter. State Street Corp now owns 1,474,167 shares of the company’s stock worth $5,617,000 after buying an additional 466,521 shares during the period. 45.75% of the stock is currently owned by institutional investors and hedge funds.

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.