Getty Images (NYSE:GETY) Sees Large Volume Increase Following Analyst Upgrade

Shares of Getty Images Holdings, Inc. (NYSE:GETY) saw unusually-strong trading volume on Thursday after Macquarie raised their price target on the stock from $3.50 to $3.75. Macquarie currently has a neutral rating on the stock. Approximately 952,668 shares were traded during mid-day trading, an increase of 99% from the previous session’s volume of 478,625 shares.The stock last traded at $3.29 and had previously closed at $3.23.

Several other research analysts have also recently weighed in on the stock. Benchmark reissued a “buy” rating and issued a $6.00 price target on shares of Getty Images in a report on Tuesday, August 13th. Citigroup lowered their price target on shares of Getty Images from $6.00 to $5.00 and set a “buy” rating on the stock in a report on Tuesday, August 13th.

Insider Transactions at Getty Images

In other news, CEO Craig Warren Peters sold 32,170 shares of the firm’s stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of $3.61, for a total transaction of $116,133.70. Following the transaction, the chief executive officer now directly owns 1,245,401 shares of the company’s stock, valued at approximately $4,495,897.61. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Craig Warren Peters sold 32,170 shares of the firm’s stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of $3.61, for a total transaction of $116,133.70. Following the transaction, the chief executive officer now directly owns 1,245,401 shares of the company’s stock, valued at approximately $4,495,897.61. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Jennifer Leyden sold 12,124 shares of the firm’s stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $3.61, for a total transaction of $43,767.64. Following the transaction, the chief financial officer now directly owns 273,376 shares in the company, valued at $986,887.36. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 169,427 shares of company stock valued at $652,130. 12.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Ninety One UK Ltd bought a new position in Getty Images in the second quarter valued at approximately $583,000. Bank of New York Mellon Corp acquired a new stake in Getty Images in the second quarter valued at approximately $910,000. Natixis acquired a new stake in Getty Images in the first quarter valued at approximately $42,000. The Manufacturers Life Insurance Company boosted its position in Getty Images by 136.7% in the second quarter. The Manufacturers Life Insurance Company now owns 68,268 shares of the company’s stock valued at $223,000 after buying an additional 39,423 shares in the last quarter. Finally, Nisa Investment Advisors LLC acquired a new stake in Getty Images in the second quarter valued at approximately $49,000. 45.75% of the stock is owned by institutional investors.

Getty Images Price Performance

The company has a debt-to-equity ratio of 1.84, a current ratio of 0.79 and a quick ratio of 0.79. The stock has a market cap of $1.34 billion, a price-to-earnings ratio of 26.92 and a beta of 2.02. The business’s 50-day simple moving average is $3.76 and its two-hundred day simple moving average is $3.63.

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.