Koch Industries, Inc. has recently announced that it has increased stake in Getty Images Holdings Inc. (NYSE:GETY) by 0.29%. After grabbing 80.73 million shares, the institutional investor is now in possession of 0.23 million shares of the Communication Services Company. The new investment brought the stake of investor firm to 20.33% having worth around $400.44 million. Moreover, EULAV Asset Management increased its share by 0.4 million to have a control over 0.4 million shares. And BMO Asset Management Corp. raised its holdings to 0.4 million shares by acquiring 0.4 million shares or 0.10% of the stake.
Getty Images Holdings Inc. (GETY) concluded trading on 09/14/23 at a closing price of $6.10, with 3.27 million shares of worth about $19.92 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 24.49% during that period and on Thursday the price saw a gain of about 7.02%. Currently the company’s common shares owned by public are about 397.42M shares, out of which, 173.48M shares are available for trading.
A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 8 analysts are covering the GETY stock and their offered price forecasts bring an average price target of $6.52. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $7.70 and could fall to a lowest price of $5.00. The stock’s current price level is 6.44% above of average price target set by the analysts, while a rise to estimated low would result in loss of -22.0% for the stock. However, touching the estimated high of $7.70 would mean a gain of 20.78% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 87 times over the past 12 months. They bought 4,371,767 shares in 50 of the transactions. In 37 selling transactions, insiders dumped 1,502,796 shares.
Value Line Capital Appreciation F, Perinvest, and First Asset JFT Strategies Fund are the top 3 mutual funds which are holding stakes in Getty Images Holdings Inc. Value Line Capital Appreciation F is currently holding 0.4 million shares of worth totaling $1.98 million. The company recently came buying 0.0 shares which brought its stake up to 0.10% of the company’s outstanding shares. First Asset JFT Strategies Fund, after buying 33100.0 shares, have now control over 0.01% of the stake in the company. It holds 18800.0 shares of worth $0.16 million.
Getty Images Holdings Inc. (NYSE: GETY) started trading at $5.68, below -$0.02 from concluding price of the previous day. However, the stock later moved at a day high price of 6.10, or with a gain of 7.02%. Stock saw a price change of 23.23% in past 5 days and over the past one month there was a price change of 43.53%. Year-to-date (YTD), GETY shares are showing a performance of 9.91% which decreased to -43.99% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $3.42 but also hit the highest price of $13.67 during that period. The average intraday trading volume for Getty Images Holdings Inc. shares is 380.66K. The stock is currently trading 33.10% above its 20-day simple moving average (SMA20), while that difference is up 29.17% for SMA50 and it goes to 13.56% higher than SMA200.
Koch Industries, Inc. acquired 80.73 million shares of Getty Images Holdings Inc. having value of about $400.44 million. Data submitted at the U.S SEC by Koch Industries, Inc. revealed that the firm now holds 0.23 million shares in the company valued at close to $1429559.4, or have control over 0.29% stake in the company. Getty Images Holdings Inc. (NYSE: GETY) currently have 397.42M outstanding shares and institutions hold larger chunk of about 41.50% of that. Holding of mutual funds in the company is about 40.50% while other institutional holders and individual stake holders have control over 89.14% and 0.15% of the stake respectively.
The stock has a current market capitalization of $2.27B and its 3Y-monthly beta is at 2.42. It has posted earnings per share of -$0.53 in the same period. It has Quick Ratio of 0.90 while making debt-to-equity ratio of 2.46. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for GETY, volatility over the week remained 6.42% while standing at 5.60% over the month.
Analysts are in expectations that Getty Images Holdings Inc. (GETY) stock would likely to be making an EPS of $0.04 in the current quarter, while forecast for next quarter EPS is $0.04 and it is $0.19 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.02 which is $0.05 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.93 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -560.10% while it is estimated to increase by 87.13% in next year.
Analysts at 8 brokerage firms have issued recommendations for the Getty Images Holdings Inc. (GETY)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.10. Out of those 8 Wall Street analysts, 5 recommended a “Buy” rating, while 3 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Imperial Capital on August 16, 2023 offering an Outperform rating for the stock and assigned a target price of $5.75 to it.