Getty Images (NYSE:GETY) Shares Up 10% – Still a Buy?

Getty Images Holdings, Inc. (NYSE:GETY)’s share price traded up 10% during trading on Monday . The company traded as high as $1.47 and last traded at $1.49. 819,511 shares were traded during mid-day trading, a decline of 27% from the average session volume of 1,115,818 shares. The stock had previously closed at $1.35.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Citigroup reaffirmed a “neutral” rating and set a $2.45 price objective on shares of Getty Images in a research report on Monday, March 24th. Wedbush reaffirmed an “outperform” rating and set a $7.70 price target on shares of Getty Images in a research note on Thursday, March 13th. Benchmark cut their price objective on shares of Getty Images from $6.00 to $4.50 and set a “buy” rating on the stock in a research report on Tuesday, March 18th. JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of Getty Images in a research report on Wednesday, December 18th. Finally, Macquarie reiterated a “neutral” rating and issued a $3.75 price target on shares of Getty Images in a research note on Wednesday, January 8th. One research 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. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $4.60.

Getty Images Trading Up 8.8 %

The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.79 and a current ratio of 0.79. The firm has a fifty day moving average price of $2.22 and a 200 day moving average price of $2.82. The company has a market cap of $606.06 million, a price-to-earnings ratio of 12.24 and a beta of 2.00.

Getty Images (NYSE:GETY) last announced its quarterly earnings results on Monday, March 17th. The company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.05). The firm had revenue of $247.30 million during 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 quarterly revenue was up 9.5% compared to the same quarter last year. As a group, equities analysts predict that Getty Images Holdings, Inc. will post 0.08 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CTO Nathaniel Gandert sold 15,859 shares of Getty Images stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of $2.12, for a total transaction of $33,621.08. Following the completion of the sale, the chief technology officer now owns 534,377 shares of the company’s stock, valued at approximately $1,132,879.24. The trade was a 2.88 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Cho Mikael sold 18,590 shares of the stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of $2.12, for a total transaction of $39,410.80. Following the completion of the transaction, the senior vice president now directly owns 123,862 shares in the company, valued at approximately $262,587.44. This represents a 13.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 226,668 shares of company stock valued at $480,536 over the last 90 days. 12.30% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Getty Images

Institutional investors and hedge funds have recently made changes to their positions in the company. Intech Investment Management LLC bought a new stake in Getty Images in the 3rd quarter valued at $44,000. BNP Paribas Financial Markets acquired a new position in shares of Getty Images in the fourth quarter valued at about $27,000. Aristeia Capital L.L.C. bought a new position in Getty Images during the fourth quarter worth about $28,000. Ameriprise Financial Inc. acquired a new stake in Getty Images in the 4th quarter worth about $28,000. Finally, Virtu Financial LLC bought a new stake in Getty Images in the 4th quarter valued at about $33,000. 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.