Getty Images (NYSE:GETY) Trading Up 8.1% – Time to Buy?

Getty Images Holdings, Inc. (NYSE:GETY) rose 8.1% during mid-day trading on Monday . The stock traded as high as $2.20 and last traded at $2.21. Approximately 1,069,123 shares were traded during mid-day trading, a decline of 1% from the average daily volume of 1,080,596 shares. The stock had previously closed at $2.04.

Analyst Ratings Changes

Several analysts have issued reports on GETY shares. Benchmark reiterated a “buy” rating and issued a $6.00 target price on shares of Getty Images in a research note on Friday, January 10th. Macquarie reissued a “neutral” rating and issued a $3.75 price target on shares of Getty Images in a research note on Wednesday, January 8th. Wedbush restated an “outperform” rating and issued a $7.70 target price on shares of Getty Images in a report on Thursday. Finally, JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of Getty Images in a research report on Wednesday, December 18th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $5.61.

Getty Images Price Performance

The business’s 50 day moving average price is $2.47 and its 200 day moving average price is $3.01. The stock has a market capitalization of $886.28 million, a P/E ratio of 18.21 and a beta of 1.97. The company has a debt-to-equity ratio of 1.84, a current ratio of 0.79 and a quick ratio of 0.79.

Insider Activity at Getty Images

In related news, CFO Jennifer Leyden sold 12,342 shares of the stock in a transaction dated Tuesday, December 24th. The stock was sold at an average price of $2.20, for a total transaction of $27,152.40. Following the completion of the sale, the chief financial officer now owns 261,034 shares in the company, valued at approximately $574,274.80. This trade represents a 4.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Craig Warren Peters sold 32,753 shares of the company’s stock in a transaction on Tuesday, December 24th. The stock was sold at an average price of $2.20, for a total transaction of $72,056.60. Following the transaction, the chief executive officer now owns 1,212,648 shares of the company’s stock, valued at approximately $2,667,825.60. This represents a 2.63 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 70,521 shares of company stock worth $155,146. 12.30% of the stock is owned by company insiders.

Hedge Funds Weigh In On Getty Images

Several large investors have recently modified their holdings of GETY. Koch Inc. purchased a new position in Getty Images during the 4th quarter valued at $174,385,000. Toronto Dominion Bank bought a new stake in shares of Getty Images in the 4th quarter valued at about $3,553,000. Wexford Capital LP bought a new position in Getty Images in the fourth quarter worth approximately $80,000. ProShare Advisors LLC lifted its stake in shares of Getty Images by 49.0% during the 4th quarter. ProShare Advisors LLC now owns 28,255 shares of the company’s stock worth $61,000 after purchasing an additional 9,297 shares during the last quarter. Finally, Occudo Quantitative Strategies LP purchased a new stake in shares of Getty Images during the fourth quarter valued at about $168,000. 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.