Getty Images (NYSE:GETY) Shares Gap Down – What’s Next?

Getty Images Holdings, Inc. (NYSE:GETY)’s share price gapped down prior to trading on Tuesday . The stock had previously closed at $2.44, but opened at $2.39. Getty Images shares last traded at $2.38, with a volume of 370,699 shares trading hands.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. Benchmark restated a “buy” rating and issued a $6.00 price target on shares of Getty Images in a research note on Friday. JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Getty Images in a research report on Wednesday, December 18th. Macquarie restated a “neutral” rating and issued a $3.75 price objective on shares of Getty Images in a research report on Wednesday, January 8th. Finally, Wedbush reiterated an “outperform” rating and issued a $7.70 target price on shares of Getty Images in a research note on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $5.61.

Getty Images Trading Down 4.9 %

The company has a market capitalization of $953.69 million, a price-to-earnings ratio of 19.33 and a beta of 1.93. 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 firm has a 50-day moving average price of $2.81 and a 200-day moving average price of $3.33.

Insider Transactions at Getty Images

In related news, Director Chinh Chu sold 8,243 shares of the business’s stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $4.01, for a total value of $33,054.43. Following the completion of the sale, the director now owns 9,795,163 shares of the company’s stock, valued at approximately $39,278,603.63. The trade was a 0.08 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder Neuberger Berman Group Llc sold 4,100,000 shares of the firm’s stock in a transaction that occurred on 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 approximately $182,471,144.52. The trade was a 5.24 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 4,266,876 shares of company stock valued at $10,629,182 in the last three months. 12.30% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Getty Images

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Intech Investment Management LLC bought a new stake in Getty Images in the 3rd quarter valued at $44,000. Aigen Investment Management LP bought a new stake in shares of Getty Images during the third quarter valued at approximately $48,000. Principal Financial Group Inc. bought a new stake in shares of Getty Images during the second quarter valued at approximately $44,000. Verition Fund Management LLC bought a new stake in shares of Getty Images during the third quarter valued at approximately $96,000. Finally, Renaissance Technologies LLC bought a new position in Getty Images in the second quarter valued at approximately $91,000. Institutional investors and hedge funds own 45.75% of the company’s stock.

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.