Getty Images (NYSE:GETY) Stock Price Down 4.2% – Should You Sell?

Getty Images Holdings, Inc. (NYSE:GETY) traded down 4.2% during mid-day trading on Thursday . The company traded as low as $1.78 and last traded at $1.81. 226,073 shares changed hands during mid-day trading, a decline of 81% from the average session volume of 1,198,109 shares. The stock had previously closed at $1.89.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. Wall Street Zen downgraded shares of Getty Images from a “buy” rating to a “sell” rating in a report on Thursday, May 22nd. Benchmark cut their price target on shares of Getty Images from $4.50 to $3.50 and set a “buy” rating for the company in a report on Tuesday, May 13th. Citigroup reaffirmed a “neutral” rating and set a $2.45 price target on shares of Getty Images in a report on Monday, March 24th. Finally, Wedbush reaffirmed an “outperform” rating and set a $7.70 price target on shares of Getty Images in a report on Tuesday, May 6th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat, Getty Images presently has an average rating of “Hold” and an average target price of $4.35.

Getty Images Stock Performance

The firm has a market cap of $729.68 million, a P/E ratio of 14.71 and a beta of 1.91. 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 company’s 50 day moving average is $1.78 and its 200 day moving average is $2.18.

Getty Images (NYSE:GETY) last issued its quarterly earnings data on Monday, May 12th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.17). The company had revenue of $224.08 million during the quarter, compared to the consensus estimate of $236.01 million. Getty Images had a net margin of 5.91% and a return on equity of 6.42%. Getty Images’s revenue for the quarter was up .8% on a year-over-year basis. During the same period in the previous year, the company earned $0.03 EPS. As a group, equities analysts predict that Getty Images Holdings, Inc. will post 0.08 earnings per share for the current fiscal year.

Insider Activity at Getty Images

In other news, CEO Craig Warren Peters sold 124,624 shares of the firm’s stock in a transaction on Tuesday, March 25th. The shares were sold at an average price of $2.12, for a total transaction of $264,202.88. Following the completion of the transaction, the chief executive officer now owns 1,262,948 shares of the company’s stock, valued at approximately $2,677,449.76. This trade represents a 8.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Cho Mikael sold 18,590 shares of the stock in a transaction on Tuesday, March 25th. The stock was sold at an average price of $2.12, for a total transaction of $39,410.80. Following the sale, the senior vice president now owns 123,862 shares of the company’s stock, valued at approximately $262,587.44. This trade represents a 13.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 226,668 shares of company stock valued at $480,536 in the last quarter. Insiders own 12.30% of the company’s stock.

Institutional Investors Weigh In On Getty Images

Large investors have recently bought and sold shares of the stock. Koch Inc. acquired a new stake in Getty Images in the fourth quarter worth $174,385,000. Wells Fargo & Company MN grew its holdings in Getty Images by 47.8% in the fourth quarter. Wells Fargo & Company MN now owns 49,378 shares of the company’s stock worth $107,000 after purchasing an additional 15,978 shares during the period. Bank of New York Mellon Corp grew its holdings in Getty Images by 71.2% in the fourth quarter. Bank of New York Mellon Corp now owns 352,388 shares of the company’s stock worth $761,000 after purchasing an additional 146,576 shares during the period. Dimensional Fund Advisors LP grew its holdings in Getty Images by 24.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 64,007 shares of the company’s stock worth $138,000 after purchasing an additional 12,542 shares during the period. Finally, Vanguard Group Inc. grew its holdings in Getty Images by 7.3% in the fourth quarter. Vanguard Group Inc. now owns 10,225,249 shares of the company’s stock worth $22,087,000 after purchasing an additional 698,829 shares during the period. 45.75% of the stock is currently owned by institutional investors and hedge funds.

Getty Images Company Profile

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.