Getty Images (NYSE:GETY) Shares Gap Down – Time to Sell?

Getty Images Holdings, Inc. (NYSE:GETY) shares gapped down before the market opened on Friday . The stock had previously closed at $4.37, but opened at $4.08. Getty Images shares last traded at $3.94, with a volume of 48,380 shares.

Analyst Ratings Changes

A number of analysts have commented on GETY shares. Benchmark reiterated a “buy” rating and set a $6.00 target price on shares of Getty Images in a research report on Tuesday, August 13th. Macquarie lowered their price objective on shares of Getty Images from $4.00 to $3.50 and set a “neutral” rating on the stock in a research note on Monday, August 12th. Finally, Citigroup cut their target price on shares of Getty Images from $6.00 to $5.00 and set a “buy” rating for the company in a research report on Tuesday, August 13th.

Getty Images Trading Down 21.1 %

The business’s 50-day moving average is $3.78 and its two-hundred day moving average is $3.64. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 1.92. The stock has a market capitalization of $1.42 billion, a PE ratio of 43.13 and a beta of 2.02.

Getty Images (NYSE:GETY) last announced its earnings results on Friday, August 9th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.01). The firm had revenue of $229.14 million during the quarter, compared to analysts’ expectations of $228.42 million. Getty Images had a net margin of 4.19% and a return on equity of 9.36%. The business’s revenue was up 1.5% compared to the same quarter last year. On average, analysts predict that Getty Images Holdings, Inc. will post 0.11 earnings per share for the current year.

Insider Transactions at Getty Images

In other Getty Images news, CEO Craig Warren Peters sold 32,170 shares of Getty Images stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $3.61, for a total value of $116,133.70. Following the completion of the transaction, the chief executive officer now directly owns 1,245,401 shares in the company, valued at $4,495,897.61. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, CEO Craig Warren Peters sold 32,170 shares of the business’s stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $3.61, for a total transaction of $116,133.70. Following the completion of the transaction, the chief executive officer now owns 1,245,401 shares of the company’s stock, valued at approximately $4,495,897.61. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Jennifer Leyden sold 12,124 shares of the stock in a transaction dated Tuesday, September 24th. The stock was 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 directly owns 273,376 shares in the company, valued at approximately $986,887.36. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 169,427 shares of company stock worth $652,130. 12.30% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp bought a new position in shares of Getty Images in the second quarter valued at approximately $910,000. Ninety One UK Ltd acquired a new position in shares of Getty Images during the 2nd quarter valued at $583,000. Rhumbline Advisers acquired a new stake in shares of Getty Images in the second quarter valued at $392,000. The Manufacturers Life Insurance Company boosted its stake in Getty Images by 136.7% during the second quarter. The Manufacturers Life Insurance Company now owns 68,268 shares of the company’s stock valued at $223,000 after buying an additional 39,423 shares in the last quarter. Finally, Victory Capital Management Inc. grew its holdings in Getty Images by 138.5% during the third quarter. Victory Capital Management Inc. now owns 59,145 shares of the company’s stock worth $225,000 after acquiring an additional 34,349 shares during the period. 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.