Getty Images (NYSE:GETY) Stock Price Down 3.9% – What’s Next?

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

Analyst Upgrades and Downgrades

GETY has been the topic of several recent analyst reports. Macquarie reiterated a “neutral” rating and issued a $3.75 price target on shares of Getty Images in a research note on Wednesday, January 8th. Citigroup reaffirmed a “neutral” rating and set a $2.45 target price on shares of Getty Images in a report on Monday. JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of Getty Images in a report on Wednesday, December 18th. Wedbush reiterated an “outperform” rating and set a $7.70 price objective on shares of Getty Images in a research note on Thursday, March 13th. Finally, Benchmark dropped their target price on 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 given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $4.60.

Getty Images Stock Performance

The company has a 50 day moving average price of $2.39 and a 200-day moving average price of $2.93. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 1.84. The company has a market cap of $814.82 million, a P/E ratio of 16.46 and a beta of 1.97.

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

Hedge Funds Weigh In On Getty Images

Large investors have recently made changes to their positions in the business. Koch Inc. acquired a new position in shares of Getty Images in the 4th quarter worth $174,385,000. Toronto Dominion Bank acquired a new position in shares of Getty Images in the fourth quarter worth $3,553,000. Wexford Capital LP acquired a new stake in shares of Getty Images during the 4th quarter valued at about $80,000. ProShare Advisors LLC grew its position in Getty Images by 49.0% in the fourth quarter. ProShare Advisors LLC now owns 28,255 shares of the company’s stock worth $61,000 after acquiring an additional 9,297 shares in the last quarter. Finally, Occudo Quantitative Strategies LP bought a new position in shares of Getty Images during the 4th quarter valued at $168,000. Institutional investors 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.