Investors Purchase Large Volume of Getty Images Call Options (NYSE:GETY)

Getty Images Holdings, Inc. (NYSE:GETY) was the recipient of unusually large options trading activity on Tuesday. Traders purchased 7,178 call options on the stock. This is an increase of 1,389% compared to the typical daily volume of 482 call options.

Wall Street Analysts Forecast Growth

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

Getty Images Trading Down 18.2 %

Shares of NYSE GETY opened at $2.61 on Thursday. 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 52-week low of $2.06 and a 52-week high of $5.77. The stock has a market cap of $1.07 billion, a P/E ratio of 21.75 and a beta of 1.93. The firm has a 50 day moving average price of $2.90 and a two-hundred day moving average price of $3.34.

Insiders Place Their Bets

In other Getty Images news, major shareholder Neuberger Berman Group Llc sold 4,100,000 shares of Getty Images stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $2.46, for a total transaction of $10,086,000.00. Following the completion of the transaction, the insider now directly owns 74,175,262 shares of the company’s stock, valued at $182,471,144.52. The trade was a 5.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Chinh Chu sold 17,122 shares of the firm’s stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $4.01, for a total transaction of $68,659.22. Following the sale, the director now owns 9,846,814 shares of the company’s stock, valued at approximately $39,485,724.14. This represents a 0.17 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 4,266,876 shares of company stock valued at $10,629,182. 12.30% of the stock is currently owned by corporate insiders.

Institutional Trading of Getty Images

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. CIBC Asset Management Inc purchased a new position in Getty Images in the second quarter valued at approximately $36,000. Intech Investment Management LLC bought a new position in shares of Getty Images in the third quarter worth approximately $44,000. Principal Financial Group Inc. purchased a new position in Getty Images in the 2nd quarter worth approximately $44,000. Aigen Investment Management LP purchased a new stake in shares of Getty Images during the 3rd quarter valued at $48,000. Finally, Renaissance Technologies LLC purchased a new position in Getty Images in the second quarter worth $91,000. Institutional investors and hedge funds own 45.75% of the company’s stock.

Getty Images Company Profile

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.