Getty Images Target of Unusually High Options Trading (NYSE:GETY)

Getty Images Holdings, Inc. (NYSE:GETY) was the target of some unusual options trading on Monday. Investors bought 11,802 put options on the stock. This is an increase of approximately 430% compared to the average volume of 2,225 put options.

Getty Images Stock Performance

GETY traded up $0.02 on Monday, hitting $0.93. 5,399,748 shares of the company traded hands, compared to its average volume of 4,730,959. The stock has a market capitalization of $387.96 million, a PE ratio of -3.53 and a beta of 2.06. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 2.13. The company has a 50 day moving average of $0.87 and a 200-day moving average of $0.97. Getty Images has a 12-month low of $0.58 and a 12-month high of $3.21.

Getty Images (NYSE:GETY) last issued its quarterly earnings results on Monday, May 11th. The company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.02). Getty Images had a negative return on equity of 17.01% and a negative net margin of 10.94%.The company had revenue of $226.57 million for the quarter, compared to analyst estimates of $238.90 million. Sell-side analysts anticipate that Getty Images will post -0.03 earnings per share for the current year.

Insider Transactions at Getty Images

In other Getty Images news, SVP Cho Mikael sold 33,143 shares of the stock in a transaction dated Monday, June 29th. The stock was sold at an average price of $0.94, for a total value of $31,154.42. Following the sale, the senior vice president owned 162,904 shares of the company’s stock, valued at $153,129.76. This trade represents a 16.91% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michael Teaster sold 38,100 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $0.79, for a total transaction of $30,099.00. Following the sale, the insider owned 488,862 shares in the company, valued at $386,200.98. The trade was a 7.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 133,355 shares of company stock valued at $120,542 over the last three months. Corporate insiders own 12.50% of the company’s stock.

Hedge Funds Weigh In On Getty Images

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GETY. Cerity Partners LLC acquired a new position in shares of Getty Images during the 2nd quarter worth approximately $32,000. BNP Paribas Financial Markets increased its position in Getty Images by 103.2% during the third quarter. BNP Paribas Financial Markets now owns 21,794 shares of the company’s stock worth $43,000 after buying an additional 11,066 shares in the last quarter. Certuity LLC purchased a new position in Getty Images during the fourth quarter worth $33,000. Founders Financial Securities LLC acquired a new position in shares of Getty Images in the fourth quarter worth $35,000. Finally, Creative Planning purchased a new stake in shares of Getty Images in the second quarter valued at $75,000. Institutional investors and hedge funds own 45.75% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on GETY. Wedbush restated an “outperform” rating and set a $7.00 target price on shares of Getty Images in a research note on Tuesday, May 12th. Weiss Ratings cut shares of Getty Images from a “sell (d)” rating to a “sell (e+)” rating in a research report on Tuesday, May 12th. Finally, Zacks Research raised Getty Images from a “strong sell” rating to a “hold” rating in a report on Monday, May 18th. One analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $3.78.

Getty Images Company Profile

Getty Images (NYSE: GETY) is a leading global provider of digital visual content, offering an extensive library of stock photography, editorial imagery, video footage and music. The company supplies creative and rights-managed assets to a broad range of industries, including advertising, media, corporate communications and publishing. Through its online platform and licensing services, Getty Images enables customers to search, license and download multimedia content for commercial and editorial use.

Founded in 1995 by Mark Getty and Jonathan Klein, Getty Images pioneered the aggregation of photographic archives into a centralized, digital marketplace.