Getty Images (NYSE:GETY) Stock Price Up 9.5% – Should You Buy?

Getty Images Holdings, Inc. (NYSE:GETY)’s stock price shot up 9.5% during trading on Tuesday . The stock traded as high as $1.21 and last traded at $1.2050. 717,832 shares were traded during mid-day trading, a decline of 43% from the average session volume of 1,255,874 shares. The stock had previously closed at $1.10.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on GETY. Zacks Research upgraded Getty Images from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 15th. Wedbush reaffirmed an “outperform” rating and issued a $7.00 price target on shares of Getty Images in a report on Friday, October 31st. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Getty Images in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $4.12.

Getty Images Stock Up 8.6%

The company has a market cap of $496.95 million, a P/E ratio of -5.43 and a beta of 2.07. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.71 and a quick ratio of 0.71. The company has a 50 day moving average of $1.33 and a 200-day moving average of $1.68.

Getty Images (NYSE:GETY) last announced its earnings results on Monday, November 10th. The company reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.01. The firm had revenue of $240.04 million for the quarter, compared to analyst estimates of $239.98 million. Getty Images had a negative net margin of 9.60% and a negative return on equity of 11.38%. The company’s revenue for the quarter was down .2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.01) EPS. On average, equities analysts predict that Getty Images Holdings, Inc. will post 0.08 earnings per share for the current year.

Insider Activity at Getty Images

In related news, CEO Craig Warren Peters sold 31,298 shares of the stock in a transaction dated Wednesday, December 24th. The shares were sold at an average price of $1.27, for a total transaction of $39,748.46. Following the sale, the chief executive officer directly owned 1,215,438 shares of the company’s stock, valued at approximately $1,543,606.26. This represents a 2.51% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders sold 76,397 shares of company stock valued at $97,275 over the last 90 days. Corporate insiders own 11.20% of the company’s stock.

Hedge Funds Weigh In On Getty Images

Several institutional investors have recently made changes to their positions in the business. Founders Financial Securities LLC bought a new position in Getty Images in the fourth quarter worth approximately $35,000. Intech Investment Management LLC raised its holdings in Getty Images by 14.7% in the 4th quarter. Intech Investment Management LLC now owns 71,564 shares of the company’s stock worth $96,000 after purchasing an additional 9,173 shares during the period. Nano Cap New Millennium Growth Fund L P purchased a new position in Getty Images during the fourth quarter valued at $335,000. Certuity LLC bought a new stake in Getty Images during the fourth quarter valued at about $33,000. Finally, Round Rock Advisors LLC purchased a new stake in Getty Images in the fourth quarter worth about $621,000. Institutional investors own 45.75% of the company’s stock.

Getty Images Company Profile

Getty Images (NYSE: GETY) is a leading global provider of digital visual content, offering an extensive library of stock photography, editorial imagery, video footage and music. The company supplies creative and rights-managed assets to a broad range of industries, including advertising, media, corporate communications and publishing. Through its online platform and licensing services, Getty Images enables customers to search, license and download multimedia content for commercial and editorial use.

Founded in 1995 by Mark Getty and Jonathan Klein, Getty Images pioneered the aggregation of photographic archives into a centralized, digital marketplace.