Getty Images (NYSE:GETY) Stock Price Down 3.9% – Here’s Why

Getty Images Holdings, Inc. (NYSE:GETY) was down 3.9% on Tuesday . The company traded as low as $2.15 and last traded at $2.12. Approximately 38,208 shares were traded during trading, a decline of 97% from the average daily volume of 1,092,965 shares. The stock had previously closed at $2.20.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on GETY shares. 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. Citigroup reiterated a “neutral” rating and issued a $2.45 target price on shares of Getty Images in a research report on Monday. JPMorgan Chase & Co. restated an “underweight” rating on shares of Getty Images in a report on Wednesday, December 18th. Wedbush reiterated an “outperform” rating and issued a $7.70 price objective on shares of Getty Images in a report on Thursday, March 13th. Finally, Benchmark reduced their target price on shares of Getty Images from $6.00 to $4.50 and set a “buy” rating on the stock in a report on Tuesday, March 18th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Getty Images currently has a consensus rating of “Hold” and a consensus target price of $4.60.

Getty Images Trading Down 3.0 %

The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 1.84. The company has a market cap of $880.83 million, a price-to-earnings ratio of 17.79 and a beta of 1.97. The firm has a 50 day moving average price of $2.42 and a two-hundred day moving average price of $2.95.

Getty Images (NYSE:GETY) last announced its earnings results on Monday, March 17th. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.04 by ($0.05). Getty Images had a net margin of 5.91% and a return on equity of 6.42%. The company had revenue of $247.30 million during the quarter, compared to the consensus estimate of $245.50 million. The company’s revenue was up 9.5% compared to the same quarter last year. As a group, equities analysts forecast that Getty Images Holdings, Inc. will post 0.08 earnings per share for the current year.

Hedge Funds Weigh In On Getty Images

Hedge funds have recently bought and sold shares of the company. Intech Investment Management LLC bought a new stake in Getty Images during the third quarter valued at $44,000. BNP Paribas Financial Markets bought a new stake in shares of Getty Images during the 4th quarter valued at about $27,000. Aristeia Capital L.L.C. bought a new stake in shares of Getty Images during the 4th quarter valued at about $28,000. Ameriprise Financial Inc. bought a new stake in Getty Images in the fourth quarter worth approximately $28,000. Finally, Virtu Financial LLC bought a new stake in Getty Images in the fourth quarter worth approximately $33,000. 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.