Getty Images Holdings, Inc. (NYSE:GETY) CEO Sells $264,202.88 in Stock

Getty Images Holdings, Inc. (NYSE:GETY) CEO Craig Warren Peters sold 124,624 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 $264,202.88. Following the transaction, the chief executive officer now owns 1,262,948 shares in the company, valued at approximately $2,677,449.76. This represents a 8.98 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Getty Images Price Performance

GETY opened at $1.79 on Friday. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.84. The company has a market cap of $736.43 million, a price-to-earnings ratio of 14.88 and a beta of 1.97. The stock has a fifty day simple moving average of $2.35 and a two-hundred day simple moving average of $2.91. Getty Images Holdings, Inc. has a 12-month low of $1.77 and a 12-month high of $4.49.

Getty Images (NYSE:GETY) last issued its quarterly 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). Getty Images had a return on equity of 6.42% and a net margin of 5.91%. The business had revenue of $247.30 million during the quarter, compared to the consensus estimate of $245.50 million. The company’s revenue for the quarter was up 9.5% on a year-over-year basis. Research analysts predict that Getty Images Holdings, Inc. will post 0.08 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on GETY shares. Macquarie reissued a “neutral” rating and set a $3.75 target price on shares of Getty Images in a research note on Wednesday, January 8th. Citigroup reiterated a “neutral” rating and issued a $2.45 price target on shares of Getty Images in a report on Monday, March 24th. Benchmark decreased their price objective on shares of Getty Images from $6.00 to $4.50 and set a “buy” rating for the company in a report on Tuesday, March 18th. Wedbush reaffirmed an “outperform” rating and set a $7.70 target price on shares of Getty Images in a research note on Thursday, March 13th. Finally, JPMorgan Chase & Co. reissued an “underweight” rating on shares of Getty Images in a research note on Wednesday, December 18th. One equities 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 data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $4.60.

Hedge Funds Weigh In On Getty Images

Several large investors have recently made changes to their positions in GETY. Rhumbline Advisers grew its stake in shares of Getty Images by 3.6% in the 4th quarter. Rhumbline Advisers now owns 125,421 shares of the company’s stock worth $271,000 after buying an additional 4,359 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Getty Images by 15.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 36,897 shares of the company’s stock worth $80,000 after acquiring an additional 4,826 shares in the last quarter. FMR LLC grew its stake in shares of Getty Images by 5.0% in the third quarter. FMR LLC now owns 166,221 shares of the company’s stock worth $633,000 after acquiring an additional 7,897 shares during the last quarter. ProShare Advisors LLC increased its holdings in shares of Getty Images by 49.0% during 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 in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of Getty Images by 25.4% during the fourth quarter. JPMorgan Chase & Co. now owns 46,590 shares of the company’s stock valued at $101,000 after acquiring an additional 9,434 shares in the last quarter. 45.75% of the stock is currently owned by hedge funds and other institutional investors.

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.