Getty Images (NYSE:GETY) Stock Price Up 7.5% – Should You Buy?

Getty Images Holdings, Inc. (NYSE:GETY)’s share price was up 7.5% during trading on Monday . The company traded as high as $2.60 and last traded at $2.57. 244,934 shares changed hands during mid-day trading, a decline of 92% from the average daily volume of 3,008,002 shares. The stock had previously closed at $2.39.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on GETY shares. JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Getty Images in a research report on Wednesday, December 18th. Macquarie increased their price target on Getty Images from $3.50 to $3.75 and gave the stock a “neutral” rating in a report on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $5.61.

Getty Images Stock Performance

The company’s 50 day moving average is $2.97 and its 200-day moving average is $3.35. The firm has a market capitalization of $1.04 billion, a P/E ratio of 21.17 and a beta of 1.86. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 1.84.

Insider Activity at Getty Images

In other Getty Images news, Director Chinh Chu sold 17,122 shares of the business’s stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $4.01, for a total transaction of $68,659.22. Following the completion of the sale, the director now owns 9,846,814 shares in the company, valued at approximately $39,485,724.14. The trade was a 0.17 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder Neuberger Berman Group Llc sold 4,100,000 shares of the business’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $2.46, for a total transaction of $10,086,000.00. Following the sale, the insider now directly owns 74,175,262 shares of the company’s stock, valued at approximately $182,471,144.52. The trade was a 5.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 4,266,876 shares of company stock valued at $10,629,182 in the last three months. Corporate insiders own 12.30% of the company’s stock.

Hedge Funds Weigh In On Getty Images

Several hedge funds have recently modified their holdings of GETY. CIBC Asset Management Inc bought a new stake in shares of Getty Images during the 2nd quarter worth $36,000. Intech Investment Management LLC purchased a new position in Getty Images in the third quarter valued at about $44,000. Principal Financial Group Inc. purchased a new position in Getty Images in the second quarter valued at about $44,000. Aigen Investment Management LP purchased a new stake in shares of Getty Images during the 3rd quarter worth approximately $48,000. Finally, Renaissance Technologies LLC purchased a new position in Getty Images in the second quarter valued at approximately $91,000. Institutional investors 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.