Getty Images (NYSE:GETY) Sees Large Volume Increase on Analyst Upgrade

Getty Images Holdings, Inc. (NYSE:GETY) shares saw strong trading volume on Thursday after Macquarie raised their price target on the stock from $3.50 to $3.75. Macquarie currently has a neutral rating on the stock. 952,668 shares traded hands during mid-day trading, an increase of 99% from the previous session’s volume of 478,625 shares.The stock last traded at $3.29 and had previously closed at $3.23.

Other analysts have also issued reports about the company. Benchmark reaffirmed a “buy” rating and issued a $6.00 price objective on shares of Getty Images in a research note on Tuesday, August 13th. Citigroup reduced their price objective on Getty Images from $6.00 to $5.00 and set a “buy” rating on the stock in a research note on Tuesday, August 13th.

Insider Transactions at Getty Images

In other Getty Images news, Director Chinh Chu sold 48,400 shares of the stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $4.05, for a total transaction of $196,020.00. Following the completion of the sale, the director now owns 9,706,670 shares of the company’s stock, valued at approximately $39,312,013.50. This represents a 0.50 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Craig Warren Peters sold 32,170 shares of the business’s stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $3.61, for a total transaction of $116,133.70. Following the completion of the transaction, the chief executive officer now owns 1,245,401 shares in the company, valued at $4,495,897.61. This trade represents a 2.52 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 169,427 shares of company stock worth $652,130. Company insiders own 12.30% of the company’s stock.

Hedge Funds Weigh In On Getty Images

Hedge funds have recently bought and sold shares of the company. Natixis acquired a new position in Getty Images in the first quarter valued at approximately $42,000. EntryPoint Capital LLC acquired a new position in shares of Getty Images during the 1st quarter valued at $47,000. Kessler Investment Group LLC boosted its stake in Getty Images by 47.6% during the second quarter. Kessler Investment Group LLC now owns 31,580 shares of the company’s stock worth $103,000 after acquiring an additional 10,178 shares in the last quarter. Nisa Investment Advisors LLC bought a new position in Getty Images during the second quarter worth $49,000. Finally, Ninety One UK Ltd bought a new position in Getty Images during the second quarter worth $583,000. Institutional investors own 45.75% of the company’s stock.

Getty Images Stock Down 2.4 %

The stock has a market cap of $1.28 billion, a price-to-earnings ratio of 25.88 and a beta of 2.02. The firm’s fifty day moving average price is $3.75 and its two-hundred day moving average price is $3.62. The company has a debt-to-equity ratio of 1.84, a current ratio of 0.79 and a quick ratio of 0.79.

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.