Getty Images Sees Unusually Large Options Volume (NYSE:GETY)

Getty Images Holdings, Inc. (NYSE:GETY) saw unusually large options trading activity on Wednesday. Stock investors bought 13,380 call options on the company. This represents an increase of approximately 3,148% compared to the typical daily volume of 412 call options.

Getty Images Trading Up 4.8%

Shares of NYSE:GETY traded up $0.04 on Wednesday, hitting $0.96. The company had a trading volume of 1,849,068 shares, compared to its average volume of 2,350,518. Getty Images has a 1 year low of $0.67 and a 1 year high of $3.21. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 2.13. The firm’s 50-day simple moving average is $0.83 and its two-hundred day simple moving average is $1.14. The firm has a market capitalization of $400.53 million, a price-to-earnings ratio of -3.68 and a beta of 1.94.

Getty Images (NYSE:GETY) last issued its quarterly earnings data on Monday, May 11th. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.02). Getty Images had a negative return on equity of 17.01% and a negative net margin of 10.94%.The company had revenue of $226.57 million during the quarter, compared to analysts’ expectations of $238.90 million. Equities analysts anticipate that Getty Images will post -0.02 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on GETY shares. Citigroup cut their target price on shares of Getty Images from $1.85 to $0.85 and set a “neutral” rating on the stock in a report on Monday, February 23rd. Wedbush reissued an “outperform” rating and set a $7.00 price target on shares of Getty Images in a research report on Tuesday, May 12th. Zacks Research upgraded shares of Getty Images from a “strong sell” rating to a “hold” rating in a research report on Monday. Finally, Weiss Ratings downgraded shares of Getty Images from a “sell (d)” rating to a “sell (e+)” rating in a research note on Tuesday, May 12th. One analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $3.78.

Insider Buying and Selling at Getty Images

In related news, insider Grant Farhall sold 42,022 shares of the stock in a transaction dated Wednesday, March 25th. The stock was sold at an average price of $0.78, for a total transaction of $32,777.16. Following the completion of the sale, the insider directly owned 288,190 shares in the company, valued at $224,788.20. This represents a 12.73% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Craig Warren Peters sold 167,403 shares of the firm’s stock in a transaction that occurred on Wednesday, March 25th. The stock was sold at an average price of $0.78, for a total value of $130,574.34. Following the transaction, the chief executive officer owned 1,289,548 shares in the company, valued at approximately $1,005,847.44. The trade was a 11.49% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 391,563 shares of company stock valued at $305,419 over the last three months. 12.50% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Getty Images

Several hedge funds have recently bought and sold shares of the business. State of Alaska Department of Revenue purchased a new stake in Getty Images in the third quarter worth about $25,000. Cerity Partners LLC purchased a new stake in shares of Getty Images in the 2nd quarter worth approximately $32,000. Wealth Enhancement Advisory Services LLC grew its stake in shares of Getty Images by 47.2% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 15,870 shares of the company’s stock worth $33,000 after buying an additional 5,089 shares during the last quarter. Certuity LLC bought a new position in Getty Images during the 4th quarter valued at approximately $33,000. Finally, Founders Financial Securities LLC purchased a new position in Getty Images during the fourth quarter valued at $35,000. Institutional investors own 45.75% of the company’s stock.

About Getty Images

Getty Images (NYSE: GETY) is a leading global provider of digital visual content, offering an extensive library of stock photography, editorial imagery, video footage and music. The company supplies creative and rights-managed assets to a broad range of industries, including advertising, media, corporate communications and publishing. Through its online platform and licensing services, Getty Images enables customers to search, license and download multimedia content for commercial and editorial use.

Founded in 1995 by Mark Getty and Jonathan Klein, Getty Images pioneered the aggregation of photographic archives into a centralized, digital marketplace.