Getty Images Holdings, Inc. (NYSE:GETY) Insider Michael Teaster Sells 4,918 Shares

Getty Images Holdings, Inc. (NYSE:GETY) insider Michael Teaster sold 4,918 shares of the business’s stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of $2.12, for a total value of $10,426.16. Following the completion of the transaction, the insider now directly owns 242,627 shares of the company’s stock, valued at approximately $514,369.24. This trade represents a 1.99 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Getty Images Trading Down 2.3 %

NYSE:GETY opened at $1.93 on Friday. The company has a debt-to-equity ratio of 1.84, a current ratio of 0.79 and a quick ratio of 0.79. Getty Images Holdings, Inc. has a one year low of $1.89 and a one year high of $4.49. The company has a market cap of $794.19 million, a PE ratio of 16.04 and a beta of 1.97. The firm has a 50-day moving average of $2.37 and a 200-day moving average of $2.93.

Getty Images (NYSE:GETY) last announced its earnings results on Monday, March 17th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.05). The company 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. As a group, equities research analysts expect that Getty Images Holdings, Inc. will post 0.08 EPS for the current fiscal year.

Hedge Funds Weigh In On Getty Images

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. raised its position in Getty Images by 12.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 524,987 shares of the company’s stock worth $2,000,000 after acquiring an additional 58,135 shares during the period. Franklin Resources Inc. purchased a new position in Getty Images in the third quarter valued at approximately $221,000. Barclays PLC grew its holdings in Getty Images by 47.1% during the third quarter. Barclays PLC now owns 156,216 shares of the company’s stock valued at $596,000 after purchasing an additional 49,995 shares during the period. Jane Street Group LLC increased its position in Getty Images by 139.8% in the third quarter. Jane Street Group LLC now owns 67,712 shares of the company’s stock worth $258,000 after buying an additional 39,477 shares during the last quarter. Finally, State Street Corp raised its stake in shares of Getty Images by 46.3% in the third quarter. State Street Corp now owns 1,474,167 shares of the company’s stock valued at $5,617,000 after buying an additional 466,521 shares during the period. 45.75% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

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.