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

Shares of Getty Images Holdings, Inc. (NYSE:GETY) 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 equities analysts have also recently issued research reports about the stock. Benchmark reaffirmed a “buy” rating and issued a $6.00 price target on shares of Getty Images in a research report on Tuesday, August 13th. Citigroup dropped their target price on shares of Getty Images from $6.00 to $5.00 and set a “buy” rating on the stock in a research report on Tuesday, August 13th.

Insiders Place Their Bets

In other news, CFO Jennifer Leyden sold 12,124 shares of the firm’s stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of $3.61, for a total transaction of $43,767.64. Following the completion of the sale, the chief financial officer now owns 273,376 shares in the company, valued at $986,887.36. This trade represents a 4.25 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Chinh Chu sold 48,400 shares of the firm’s stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $4.05, for a total transaction of $196,020.00. Following the sale, the director now owns 9,706,670 shares of the company’s stock, valued at approximately $39,312,013.50. The trade was a 0.50 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 169,427 shares of company stock valued at $652,130 in the last 90 days. 12.30% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Getty Images

Several large investors have recently modified their holdings of the stock. Barclays PLC increased its stake in shares of Getty Images by 47.1% during the 3rd quarter. Barclays PLC now owns 156,216 shares of the company’s stock worth $596,000 after purchasing an additional 49,995 shares during the last quarter. Jane Street Group LLC grew its stake in Getty Images by 139.8% in the 3rd quarter. Jane Street Group LLC now owns 67,712 shares of the company’s stock valued at $258,000 after buying an additional 39,477 shares in the last quarter. State Street Corp grew its stake in Getty Images by 46.3% in the 3rd quarter. State Street Corp now owns 1,474,167 shares of the company’s stock valued at $5,617,000 after buying an additional 466,521 shares in the last quarter. Verition Fund Management LLC purchased a new position in Getty Images in the 3rd quarter valued at approximately $96,000. Finally, MetLife Investment Management LLC grew its stake in Getty Images by 129.1% in the 3rd quarter. MetLife Investment Management LLC now owns 60,238 shares of the company’s stock valued at $230,000 after buying an additional 33,942 shares in the last quarter. Hedge funds and other institutional investors own 45.75% of the company’s stock.

Getty Images Price Performance

The firm has a market capitalization of $1.28 billion, a PE ratio of 25.88 and a beta of 2.02. 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 business’s 50 day moving average is $3.75 and its two-hundred day moving average is $3.62.

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.