Getty Images (NYSE:GETY) Sees Unusually-High Trading Volume – Time to Buy?

Shares of Getty Images Holdings, Inc. (NYSE:GETY) saw unusually-high trading volume on Friday . Approximately 329,680 shares changed hands during mid-day trading, a decline of 31% from the previous session’s volume of 479,005 shares.The stock last traded at $2.84 and had previously closed at $2.72.

Analyst Ratings Changes

GETY has been the topic of several research reports. Macquarie boosted their price target on Getty Images from $3.50 to $3.75 and gave the company a “neutral” rating in a research note on Wednesday, November 13th. Citigroup cut their target price on Getty Images from $6.00 to $5.00 and set a “buy” rating for the company in a research note on Tuesday, August 13th. Finally, Benchmark reissued a “buy” rating and issued a $6.00 price target on shares of Getty Images in a report on Tuesday, August 13th.

Getty Images Price Performance

The company has a 50-day moving average of $3.53 and a 200 day moving average of $3.52. 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 firm has a market cap of $1.16 billion, a P/E ratio of 23.50 and a beta of 1.86.

Insider Buying and Selling at Getty Images

In related news, major shareholder Neuberger Berman Group Llc sold 4,100,000 shares of Getty Images stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $2.46, for a total value of $10,086,000.00. Following the completion of the transaction, the insider now directly owns 74,175,262 shares of the company’s stock, valued at $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 available through the SEC website. Also, CEO Craig Warren Peters sold 32,170 shares of the company’s stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $3.61, for a total transaction of $116,133.70. Following the transaction, the chief executive officer now owns 1,245,401 shares in the company, valued at approximately $4,495,897.61. This trade represents a 2.52 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 4,269,927 shares of company stock valued at $10,739,630. 12.30% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Getty Images

A number of institutional investors have recently modified their holdings of the stock. Byrne Asset Management LLC increased its holdings in shares of Getty Images by 95.7% in the second quarter. Byrne Asset Management LLC now owns 9,200 shares of the company’s stock valued at $29,000 after purchasing an additional 4,500 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Getty Images by 18.1% during the second quarter. Dimensional Fund Advisors LP now owns 47,447 shares of the company’s stock worth $155,000 after acquiring an additional 7,267 shares during the last quarter. FMR LLC raised its position in shares of Getty Images by 5.0% during the third quarter. FMR LLC now owns 166,221 shares of the company’s stock worth $633,000 after acquiring an additional 7,897 shares during the last quarter. Spartan Fund Management Inc. bought a new position in Getty Images in the second quarter valued at about $33,000. Finally, Kessler Investment Group LLC boosted its holdings in Getty Images by 47.6% in the second quarter. Kessler Investment Group LLC now owns 31,580 shares of the company’s stock valued at $103,000 after acquiring an additional 10,178 shares during the last quarter. 45.75% of the stock is owned by institutional investors.

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.