Getty Images (NYSE:GETY) Hits New 52-Week Low – What’s Next?

Getty Images Holdings, Inc. (NYSE:GETY)’s stock price hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $2.26 and last traded at $2.29, with a volume of 729523 shares trading hands. The stock had previously closed at $2.57.

Analysts Set New Price Targets

A number of research analysts have recently commented on GETY shares. JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of Getty Images in a research note on Wednesday. Macquarie boosted their price objective on Getty Images from $3.50 to $3.75 and gave the company a “neutral” rating in a report on Wednesday, November 13th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $5.61.

Getty Images Stock Down 10.9 %

The company has a market cap of $941.36 million, a P/E ratio of 19.08 and a beta of 1.86. 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 business’s fifty day moving average is $3.37 and its two-hundred day moving average is $3.47.

Insider Activity

In related news, General Counsel Kjelti Wilkes Kellough sold 8,070 shares of the company’s stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $3.61, for a total value of $29,132.70. Following the completion of the sale, the general counsel now directly owns 258,630 shares of the company’s stock, valued at $933,654.30. This represents a 3.03 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Neuberger Berman Group Llc sold 4,100,000 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $2.46, for a total transaction of $10,086,000.00. Following the transaction, the insider now directly owns 74,175,262 shares in the company, valued at $182,471,144.52. This trade represents a 5.24 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 4,269,927 shares of company stock valued at $10,739,630. Corporate insiders own 12.30% of the company’s stock.

Institutional Investors Weigh In On Getty Images

Hedge funds have recently modified their holdings of the business. Dimensional Fund Advisors LP increased its holdings in Getty Images by 18.1% during the second quarter. Dimensional Fund Advisors LP now owns 47,447 shares of the company’s stock valued at $155,000 after buying an additional 7,267 shares during the period. FMR LLC increased its holdings in shares of Getty Images by 5.0% in the 3rd quarter. FMR LLC now owns 166,221 shares of the company’s stock valued at $633,000 after acquiring an additional 7,897 shares during the period. Spartan Fund Management Inc. purchased a new position in shares of Getty Images in the 2nd quarter valued at $33,000. CIBC Asset Management Inc bought a new position in shares of Getty Images in the 2nd quarter worth $36,000. Finally, Intech Investment Management LLC bought a new stake in Getty Images during the third quarter valued at about $44,000. Hedge funds and other institutional investors 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.