Getty Images (NYSE:GETY) Trading Up 3%

Getty Images Holdings, Inc. (NYSE:GETY)’s share price shot up 3% on Tuesday . The company traded as high as $3.44 and last traded at $3.41. 115,908 shares were traded during trading, a decline of 79% from the average session volume of 560,135 shares. The stock had previously closed at $3.31.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on GETY. Citigroup upped their price objective on Getty Images from $5.50 to $6.00 and gave the stock a “buy” rating in a research report on Friday, March 15th. Wedbush reaffirmed an “outperform” rating and set a $7.70 price objective on shares of Getty Images in a research report on Monday, May 6th. Finally, Benchmark cut their price objective on Getty Images from $8.00 to $6.00 and set a “buy” rating on the stock in a research report on Friday, May 10th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $6.08.

Getty Images Stock Up 2.1 %

The stock has a market cap of $1.31 billion, a PE ratio of 53.25 and a beta of 2.05. The firm has a fifty day moving average of $3.61 and a 200 day moving average of $4.23. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 2.01.

Getty Images (NYSE:GETY) last posted its earnings results on Thursday, May 9th. The company reported $0.01 EPS for the quarter, meeting the consensus estimate of $0.01. The firm had revenue of $222.28 million for the quarter, compared to analyst estimates of $223.29 million. Getty Images had a return on equity of 9.18% and a net margin of 3.33%. On average, equities research analysts anticipate that Getty Images Holdings, Inc. will post 0.13 EPS for the current fiscal year.

Insider Buying and Selling at Getty Images

In other Getty Images news, VP Daine Marc Weston sold 10,227 shares of the company’s stock in a transaction on Tuesday, June 25th. The shares were sold at an average price of $3.23, for a total value of $33,033.21. Following the completion of the transaction, the vice president now owns 89,622 shares in the company, valued at $289,479.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Getty Images news, VP Daine Marc Weston sold 10,227 shares of the company’s stock in a transaction on Tuesday, June 25th. The shares were sold at an average price of $3.23, for a total value of $33,033.21. Following the completion of the transaction, the vice president now owns 89,622 shares in the company, valued at $289,479.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Chinh Chu sold 14,707 shares of the company’s stock in a transaction on Friday, April 5th. The shares were sold at an average price of $4.01, for a total transaction of $58,975.07. Following the completion of the transaction, the director now owns 8,550,140 shares of the company’s stock, valued at approximately $34,286,061.40. The disclosure for this sale can be found here. Insiders sold 167,859 shares of company stock worth $610,794 over the last 90 days. Corporate insiders own 12.30% of the company’s stock.

Institutional Investors Weigh In On Getty Images

Several hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. acquired a new stake in shares of Getty Images during the third quarter worth about $52,554,000. Victory Capital Management Inc. boosted its stake in shares of Getty Images by 20.4% during the fourth quarter. Victory Capital Management Inc. now owns 25,309 shares of the company’s stock worth $133,000 after buying an additional 4,281 shares during the period. Fifth Lane Capital LP acquired a new stake in shares of Getty Images during the first quarter worth about $104,000. Kessler Investment Group LLC acquired a new stake in shares of Getty Images during the first quarter worth about $89,000. Finally, EntryPoint Capital LLC acquired a new stake in shares of Getty Images during the first quarter worth about $47,000. Institutional investors and hedge funds 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.