Insider Selling: Getty Images Holdings, Inc. (NYSE:GETY) CFO Sells 29,607 Shares of Stock

Getty Images Holdings, Inc. (NYSE:GETY) CFO Jennifer Leyden sold 29,607 shares of the business’s stock in a transaction on Tuesday, March 25th. The shares were sold at an average price of $2.12, for a total transaction of $62,766.84. Following the sale, the chief financial officer now owns 278,072 shares of the company’s stock, valued at $589,512.64. This trade represents a 9.62 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link.

Getty Images Stock Down 2.3 %

NYSE:GETY traded down $0.05 on Thursday, hitting $1.93. The stock had a trading volume of 1,292,671 shares, compared to its average volume of 1,099,211. Getty Images Holdings, Inc. has a 1 year low of $1.90 and a 1 year high of $4.49. The firm’s fifty day simple moving average is $2.37 and its two-hundred day simple moving average is $2.93. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.79 and a current ratio of 0.79. The stock has a market cap of $794.19 million, a P/E ratio of 16.04 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) EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.05). The business had revenue of $247.30 million for the quarter, compared to analysts’ expectations of $245.50 million. Getty Images had a net margin of 5.91% and a return on equity of 6.42%. The firm’s revenue for the quarter was up 9.5% compared to the same quarter last year. Analysts predict that Getty Images Holdings, Inc. will post 0.08 earnings per share for the current year.

Institutional Investors Weigh In On Getty Images

Large investors have recently made changes to their positions in the business. Koch Inc. purchased a new position in shares of Getty Images in the 4th quarter worth about $174,385,000. Toronto Dominion Bank purchased a new stake in Getty Images during the fourth quarter worth about $3,553,000. Wexford Capital LP bought a new stake in Getty Images in the fourth quarter worth about $80,000. ProShare Advisors LLC boosted its stake in Getty Images by 49.0% in the fourth quarter. ProShare Advisors LLC now owns 28,255 shares of the company’s stock valued at $61,000 after acquiring an additional 9,297 shares during the last quarter. Finally, Occudo Quantitative Strategies LP bought a new position in shares of Getty Images during the 4th quarter valued at approximately $168,000. 45.75% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently commented on GETY. Citigroup reissued a “neutral” rating and set a $2.45 target price on shares of Getty Images in a research report on Monday. Benchmark cut their price target on Getty Images from $6.00 to $4.50 and set a “buy” rating for the company in a research note on Tuesday, March 18th. Macquarie reissued a “neutral” rating and issued a $3.75 price objective on shares of Getty Images in a research note on Wednesday, January 8th. Wedbush reaffirmed an “outperform” rating and set a $7.70 target price on shares of Getty Images in a research report on Thursday, March 13th. Finally, JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Getty Images in a report on Wednesday, December 18th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, Getty Images currently has an average rating of “Hold” and a consensus target price of $4.60.

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.