Getty Images Sees Unusually Large Options Volume (NYSE:GETY)

Getty Images Holdings, Inc. (NYSE:GETY) saw unusually large options trading activity on Wednesday. Investors purchased 13,380 call options on the company. This represents an increase of approximately 3,148% compared to the average volume of 412 call options.

Insider Activity at Getty Images

In other news, CEO Craig Warren Peters sold 167,403 shares of the stock in a transaction that occurred on Wednesday, March 25th. The shares were sold at an average price of $0.78, for a total transaction of $130,574.34. Following the sale, the chief executive officer owned 1,289,548 shares in the company, valued at $1,005,847.44. This represents a 11.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Grant Farhall sold 42,022 shares of the business’s stock in a transaction that occurred on Wednesday, March 25th. The stock was sold at an average price of $0.78, for a total transaction of $32,777.16. Following the completion of the transaction, the insider owned 288,190 shares of the company’s stock, valued at approximately $224,788.20. The trade was a 12.73% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 391,563 shares of company stock worth $305,419. Insiders own 12.50% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GETY. Wealth Enhancement Advisory Services LLC grew its holdings in Getty Images by 47.2% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 15,870 shares of the company’s stock valued at $33,000 after buying an additional 5,089 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Getty Images by 16.1% in the second quarter. The Manufacturers Life Insurance Company now owns 49,458 shares of the company’s stock worth $82,000 after buying an additional 6,856 shares in the last quarter. Alliancebernstein L.P. lifted its holdings in shares of Getty Images by 12.4% in the third quarter. Alliancebernstein L.P. now owns 80,520 shares of the company’s stock worth $159,000 after buying an additional 8,900 shares in the last quarter. Intech Investment Management LLC boosted its position in shares of Getty Images by 14.7% during the fourth quarter. Intech Investment Management LLC now owns 71,564 shares of the company’s stock worth $96,000 after acquiring an additional 9,173 shares during the last quarter. Finally, Polymer Capital Management US LLC grew its stake in Getty Images by 7.9% during the third quarter. Polymer Capital Management US LLC now owns 136,798 shares of the company’s stock valued at $271,000 after acquiring an additional 10,007 shares in the last quarter. 45.75% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have weighed in on GETY shares. Citigroup decreased their target price on Getty Images from $1.85 to $0.85 and set a “neutral” rating for the company in a research report on Monday, February 23rd. Weiss Ratings cut Getty Images from a “sell (d)” rating to a “sell (e+)” rating in a report on Tuesday, May 12th. Wedbush reiterated an “outperform” rating and set a $7.00 price objective on shares of Getty Images 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 research report on Monday. One analyst has rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $3.78.

Getty Images Price Performance

GETY stock traded up $0.04 during trading on Wednesday, reaching $0.96. The company’s stock had a trading volume of 1,849,068 shares, compared to its average volume of 2,350,518. 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’s fifty day moving average is $0.83 and its 200-day moving average is $1.14. The company has a market capitalization of $400.53 million, a P/E ratio of -3.68 and a beta of 1.94. Getty Images has a 1 year low of $0.67 and a 1 year high of $3.21.

Getty Images (NYSE:GETY) last announced its quarterly earnings data on Monday, May 11th. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.02). The business had revenue of $226.57 million during the quarter, compared to analysts’ expectations of $238.90 million. Getty Images had a negative net margin of 10.94% and a negative return on equity of 17.01%. On average, research analysts expect that Getty Images will post -0.02 earnings per share for the current fiscal year.

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.