Getty Images (NYSE:GETY) Reaches New 1-Year Low at $4.50

Getty Images Holdings, Inc. (NYSE:GETY – Get Rating) reached a new 52-week low during mid-day trading on Friday . The company traded as low as $4.50 and last traded at $4.51, with a volume of 225720 shares. The stock had previously closed at $4.90.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on GETY shares. The Goldman Sachs Group decreased their price target on shares of Getty Images from $7.00 to $6.00 and set a “neutral” rating for the company in a report on Wednesday. Benchmark cut their price objective on shares of Getty Images from $9.00 to $7.00 in a research note on Tuesday, March 14th. Wedbush reiterated an “outperform” rating and issued a $6.00 price objective on shares of Getty Images in a research note on Tuesday, March 14th. Finally, Redburn Partners upgraded shares of Getty Images from a “neutral” rating to a “buy” rating and cut their price objective for the stock from $9.90 to $5.70 in a research note on Wednesday, November 23rd. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Getty Images presently has an average rating of “Moderate Buy” and an average target price of $6.83.

Getty Images Trading Down 8.8 %

The company has a current ratio of 0.84, a quick ratio of 0.74 and a debt-to-equity ratio of 2.41. The company’s 50-day moving average is $5.84 and its 200 day moving average is $6.51.

Getty Images (NYSE:GETY – Get Rating) last announced its earnings results on Monday, March 13th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.16). The firm had revenue of $231.47 million for the quarter, compared to analyst estimates of $242.00 million. Research analysts predict that Getty Images Holdings, Inc. will post 0.18 earnings per share for the current year.

Insider Activity

In other news, major shareholder Neuberger Berman Group Llc sold 73,555 shares of Getty Images stock in a transaction dated Tuesday, February 7th. The shares were sold at an average price of $7.89, for a total value of $580,348.95. Following the sale, the insider now owns 64,523,168 shares in the company, valued at $509,087,795.52. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.11% of the company’s stock.

Hedge Funds Weigh In On Getty Images

Hedge funds and other institutional investors have recently modified their holdings of the business. Tower Research Capital LLC TRC purchased a new position in shares of Getty Images in the third quarter worth about $28,000. State Street Corp purchased a new position in shares of Getty Images in the third quarter worth about $73,000. Ergoteles LLC purchased a new position in shares of Getty Images in the third quarter worth about $80,000. Victory Capital Management Inc. purchased a new position in shares of Getty Images in the third quarter worth about $96,000. Finally, Verition Fund Management LLC purchased a new position in shares of Getty Images in the third quarter worth about $110,000.

About Getty Images

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Getty Images Holdings, Inc operates as a visual content creator and marketplace in the United States and internationally. It maintains privately-owned photographic archives covering approximately 160,000 news, sport, and entertainment events, as well as variety of subjects, including lifestyle, business, science, health and beauty, sports, transportation, and travel under the Getty Images, iStock, and Unsplash brands.