Getty Images (NYSE:GETY) Reaches New 1-Year Low – What’s Next?

Getty Images Holdings, Inc. (NYSE:GETY) hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $1.89 and last traded at $1.96, with a volume of 771770 shares traded. The stock had previously closed at $1.97.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on GETY. Benchmark dropped their price target on Getty Images from $6.00 to $4.50 and set a “buy” rating on the stock in a research note on Tuesday, March 18th. JPMorgan Chase & Co. restated an “underweight” rating on shares of Getty Images in a report on Wednesday, December 18th. Citigroup restated a “neutral” rating and issued a $2.45 price target on shares of Getty Images in a research report on Monday. Macquarie reissued a “neutral” rating and set a $3.75 target price on shares of Getty Images in a research note on Wednesday, January 8th. Finally, Wedbush reiterated an “outperform” rating and set a $7.70 price target on shares of Getty Images in a report on Thursday, March 13th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Getty Images presently has a consensus rating of “Hold” and a consensus target price of $4.60.

Getty Images Trading Down 0.8 %

The firm has a market capitalization of $806.57 million, a PE ratio of 16.29 and a beta of 1.97. The company has a debt-to-equity ratio of 1.84, a current ratio of 0.79 and a quick ratio of 0.79. The company has a fifty day moving average of $2.39 and a 200-day moving average of $2.93.

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

Institutional Investors Weigh In On Getty Images

Several institutional investors and hedge funds have recently modified their holdings of the business. Charles Schwab Investment Management Inc. increased its holdings in shares of Getty Images by 12.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 524,987 shares of the company’s stock valued at $2,000,000 after acquiring an additional 58,135 shares during the last quarter. Franklin Resources Inc. acquired a new stake in Getty Images in the 3rd quarter valued at approximately $221,000. Barclays PLC lifted its holdings in shares of Getty Images by 47.1% during the third 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 last quarter. Jane Street Group LLC boosted its position in shares of Getty Images by 139.8% in the third quarter. Jane Street Group LLC now owns 67,712 shares of the company’s stock valued at $258,000 after acquiring an additional 39,477 shares during the period. Finally, State Street Corp grew its stake in shares of Getty Images by 46.3% in the third quarter. State Street Corp now owns 1,474,167 shares of the company’s stock worth $5,617,000 after acquiring an additional 466,521 shares during the last quarter. Institutional investors and hedge funds own 45.75% of the company’s stock.

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.