Getty Images (NYSE:GETY) Shares Down 4.8% – Time to Sell?

Getty Images Holdings, Inc. (NYSE:GETY) dropped 4.8% during trading on Friday . The company traded as low as $1.28 and last traded at $1.2950. Approximately 561,847 shares were traded during mid-day trading, a decline of 72% from the average daily volume of 2,034,145 shares. The stock had previously closed at $1.36.

Wall Street Analysts Forecast Growth

GETY has been the subject of a number of research reports. Zacks Research upgraded shares of Getty Images from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 15th. Weiss Ratings reissued a “sell (d)” rating on shares of Getty Images in a report on Wednesday, October 8th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $7.00 target price on shares of Getty Images in a report on Friday, October 31st. One investment analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $4.03.

Getty Images Trading Down 6.3%

The company has a 50-day moving average of $1.73 and a 200 day moving average of $1.81. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.71 and a quick ratio of 0.71. The company has a market cap of $530.22 million, a PE ratio of -5.80 and a beta of 2.05.

Getty Images (NYSE:GETY) last announced its earnings results on Monday, November 10th. The company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.01. The firm had revenue of $240.04 million during the quarter, compared to analysts’ expectations of $239.98 million. Getty Images had a negative return on equity of 11.38% and a negative net margin of 9.60%.The company’s quarterly revenue was down .2% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.01) EPS. Analysts predict that Getty Images Holdings, Inc. will post 0.08 earnings per share for the current year.

Insider Buying and Selling at Getty Images

In other news, SVP Cho Mikael sold 25,555 shares of Getty Images stock in a transaction on Tuesday, October 14th. The stock was sold at an average price of $2.11, for a total transaction of $53,921.05. Following the completion of the sale, the senior vice president directly owned 131,348 shares in the company, valued at approximately $277,144.28. This trade represents a 16.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Neuberger Berman Group Llc sold 3,470,917 shares of the firm’s stock in a transaction dated Friday, October 31st. The stock was sold at an average price of $2.27, for a total transaction of $7,878,981.59. Following the completion of the transaction, the insider directly owned 70,641,345 shares in the company, valued at $160,355,853.15. This represents a 4.68% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 3,663,340 shares of company stock worth $8,275,819 over the last 90 days. Company insiders own 11.20% of the company’s stock.

Institutional Trading of Getty Images

Institutional investors and hedge funds have recently modified their holdings of the stock. Invenomic Capital Management LP purchased a new position in Getty Images during the 1st quarter worth $4,646,000. JPMorgan Chase & Co. increased its stake in shares of Getty Images by 43.8% during the second quarter. JPMorgan Chase & Co. now owns 2,434,545 shares of the company’s stock valued at $4,041,000 after buying an additional 742,008 shares during the period. Millennium Management LLC raised its holdings in shares of Getty Images by 1,202.9% in the third quarter. Millennium Management LLC now owns 587,254 shares of the company’s stock valued at $1,163,000 after acquiring an additional 542,181 shares in the last quarter. TIG Advisors LLC purchased a new stake in Getty Images in the first quarter worth about $654,000. Finally, Jane Street Group LLC purchased a new stake in Getty Images in the second quarter worth about $534,000. Institutional investors own 45.75% of the company’s stock.

Getty Images Company Profile

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.