Getty Images (NYSE:GETY) Trading Down 3.9% – Time to Sell?

Shares of Getty Images Holdings, Inc. (NYSE:GETY) were down 3.9% on Tuesday . The company traded as low as $2.15 and last traded at $2.12. Approximately 38,208 shares were traded during trading, a decline of 97% from the average daily volume of 1,092,965 shares. The stock had previously closed at $2.20.

Wall Street Analyst Weigh In

GETY has been the topic of several research analyst reports. Citigroup reiterated a “neutral” rating and set a $2.45 price target on shares of Getty Images in a research note on Monday. Macquarie restated a “neutral” rating and issued a $3.75 price target on shares of Getty Images in a research report on Wednesday, January 8th. Wedbush restated an “outperform” rating and set a $7.70 price objective on shares of Getty Images in a research report on Thursday, March 13th. JPMorgan Chase & Co. reissued an “underweight” rating on shares of Getty Images in a research note on Wednesday, December 18th. Finally, Benchmark decreased their target price on shares of Getty Images from $6.00 to $4.50 and set a “buy” rating on the stock in a research report on Tuesday, March 18th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, Getty Images has a consensus rating of “Hold” and an average price target of $4.60.

Getty Images Stock Performance

The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.84. The stock’s 50 day moving average is $2.39 and its 200 day moving average is $2.93. The stock has a market capitalization of $814.82 million, a price-to-earnings ratio of 16.46 and a beta of 1.97.

Getty Images (NYSE:GETY) last posted its quarterly earnings data on Monday, March 17th. The company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.05). Getty Images had a return on equity of 6.42% and a net margin of 5.91%. The company had revenue of $247.30 million for the quarter, compared to analysts’ expectations of $245.50 million. The company’s revenue was up 9.5% on a year-over-year basis. On average, analysts predict that Getty Images Holdings, Inc. will post 0.08 earnings per share for the current year.

Institutional Trading of Getty Images

Hedge funds and other institutional investors have recently bought and sold shares of the company. BNP Paribas Financial Markets purchased a new stake in shares of Getty Images in the fourth quarter valued at $27,000. Aristeia Capital L.L.C. purchased a new stake in shares of Getty Images during the 4th quarter worth about $28,000. Ameriprise Financial Inc. acquired a new stake in Getty Images during the 4th quarter worth approximately $28,000. Virtu Financial LLC acquired a new stake in shares of Getty Images in the fourth quarter worth $33,000. Finally, Oxford Asset Management LLP purchased a new position in Getty Images in the fourth quarter valued at about $33,000. 45.75% of the stock is owned by hedge funds and other institutional investors.

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.