Getty Images Target of Unusually High Options Trading (NYSE:GETY)

Getty Images Holdings, Inc. (NYSE:GETY) was the recipient of unusually large options trading on Wednesday. Stock investors acquired 20,758 put options on the stock. This is an increase of 3,108% compared to the average volume of 647 put options.

Getty Images Stock Down 18.2 %

Shares of GETY stock opened at $2.61 on Friday. The stock’s 50 day simple moving average is $2.87 and its 200 day simple moving average is $3.33. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.79 and a current ratio of 0.79. Getty Images has a twelve month low of $2.06 and a twelve month high of $5.77. The company has a market capitalization of $1.07 billion, a price-to-earnings ratio of 21.75 and a beta of 1.93.

Insiders Place Their Bets

In other Getty Images news, Director Chinh Chu sold 17,122 shares of the stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $4.01, for a total value of $68,659.22. Following the sale, the director now directly owns 9,846,814 shares of the company’s stock, valued at $39,485,724.14. This trade represents a 0.17 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Craig Warren Peters sold 32,753 shares of the firm’s stock in a transaction on Tuesday, December 24th. The shares were sold at an average price of $2.20, for a total value of $72,056.60. Following the transaction, the chief executive officer now directly owns 1,212,648 shares in the company, valued at $2,667,825.60. This trade represents a 2.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 4,266,876 shares of company stock valued at $10,629,182 over the last three months. Company insiders own 12.30% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of GETY. CIBC Asset Management Inc acquired a new position in shares of Getty Images in the second quarter valued at $36,000. Intech Investment Management LLC acquired a new position in shares of Getty Images in the third quarter valued at $44,000. Aigen Investment Management LP acquired a new position in shares of Getty Images in the third quarter valued at $48,000. Principal Financial Group Inc. acquired a new position in shares of Getty Images in the second quarter valued at $44,000. Finally, Verition Fund Management LLC acquired a new position in shares of Getty Images in the third quarter valued at $96,000. 45.75% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently issued reports on GETY. Wedbush reaffirmed an “outperform” rating and set a $7.70 target price on shares of Getty Images in a report on Tuesday. JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of Getty Images in a report on Wednesday, December 18th. Finally, Macquarie reiterated a “neutral” rating and issued a $3.75 price target on shares of Getty Images in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $5.61.

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.