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

Getty Images Holdings, Inc. (NYSE:GETY)’s share price shot up 7.5% 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 session volume of 3,008,002 shares. The stock had previously closed at $2.39.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Macquarie restated a “neutral” rating and set a $3.75 target price on shares of Getty Images in a research report on Wednesday. Wedbush reissued an “outperform” rating and issued a $7.70 price objective on shares of Getty Images in a report on Tuesday. Finally, JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of Getty Images in a research note on Wednesday, December 18th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $5.61.

Getty Images Price Performance

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 stock has a market capitalization of $1.07 billion, a PE ratio of 21.75 and a beta of 1.93. The stock’s 50 day moving average is $2.93 and its two-hundred day moving average is $3.34.

Insider Transactions at Getty Images

In other Getty Images news, major shareholder Neuberger Berman Group Llc sold 4,100,000 shares of the business’s stock in a transaction on 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 transaction, the insider now 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 transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Chinh Chu sold 8,243 shares of the company’s stock in a transaction on Friday, October 18th. The shares were sold at an average price of $4.01, for a total value of $33,054.43. Following the completion of the sale, the director now owns 9,795,163 shares of the company’s stock, valued at approximately $39,278,603.63. The trade was a 0.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 4,266,876 shares of company stock valued at $10,629,182 over the last ninety days. Insiders own 12.30% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of GETY. State Street Corp raised its stake in Getty Images by 46.3% during the third quarter. State Street Corp now owns 1,474,167 shares of the company’s stock worth $5,617,000 after purchasing an additional 466,521 shares during the period. Bank of New York Mellon Corp purchased a new stake in shares of Getty Images during the 2nd quarter valued at approximately $910,000. Rhumbline Advisers purchased a new stake in shares of Getty Images during the 2nd quarter valued at approximately $392,000. Geode Capital Management LLC lifted its holdings in Getty Images by 5.6% in the third quarter. Geode Capital Management LLC now owns 1,663,955 shares of the company’s stock valued at $6,340,000 after acquiring an additional 88,533 shares during the last quarter. Finally, Franklin Resources Inc. purchased a new position in Getty Images in the third quarter worth approximately $221,000. 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.