Getty Images Holdings Inc (GETY): Why Is The Stock Strong?

Getty Images Holdings Inc (NYSE:GETY) has a beta value of 1.95 and has seen 65.29 million shares traded in the last trading session. The company, currently valued at $1.31B, closed the last trade at $3.19 per share which meant it gained $0.62 on the day or 24.12% during that session. The GETY stock price is -80.88% off its 52-week high price of $5.77 and 35.42% above the 52-week low of $2.06. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.55 million shares traded. The 3-month trading volume is 601.39K shares.

The consensus among analysts is that Getty Images Holdings Inc (GETY) is Buy stock at the moment, with a recommendation rating of 1.67. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 2 out of 6 have rated it as a Hold, with 4 advising it as a Buy. 0 have rated the stock as Underweight.

Getty Images Holdings Inc (NYSE:GETY) trade information

Sporting 24.12% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the GETY stock price touched $3.19 or saw a rise of 17.57%. Year-to-date, Getty Images Holdings Inc shares have moved 47.69%, while the 5-day performance has seen it change 51.90%. Over the past 30 days, the shares of Getty Images Holdings Inc (NYSE:GETY) have changed 17.28%. Short interest in the company has seen 6.11 million shares shorted with days to cover at 11.01.

Wall Street analysts have a consensus price target for the stock at $5, which means that the shares’ value could jump 36.2% from current levels. The projected low price target is $5.0 while the price target rests at a high of $5.0. In that case, then, we find that the current price level is -56.74% off the targeted high while a plunge would see the stock gain -56.74% from current levels.

Getty Images Holdings Inc (GETY) estimates and forecasts

Figures show that Getty Images Holdings Inc shares have underperformed across the wider relevant industry. The company’s shares have lost -3.04% over the past 6 months, with this year growth rate of -46.67%, compared to 25.20% for the industry.

GETY Dividends

Getty Images Holdings Inc is expected to release its next earnings report in February this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

Getty Images Holdings Inc (NYSE:GETY)’s Major holders

Insiders own 71.96% of the company shares, while shares held by institutions stand at 27.36% with a share float percentage of 97.60%. Investors are also buoyed by the number of investors in a company, with Getty Images Holdings Inc having a total of 115.0 institutions that hold shares in the company. The top two institutional holders are KOCH INDUSTRIES INC with over 80.73 million shares worth more than $263.19 million. As of 2024-06-30, KOCH INDUSTRIES INC held 19.903% of shares outstanding.

The other major institutional holder is NEUBERGER BERMAN GROUP LLC, with the holding of over 78.28 million shares as of 2024-06-30. The firm’s total holdings are worth over $255.18 million and represent 19.297% of shares outstanding.