Daine Marc Weston Sells 9,595 Shares of Getty Images Holdings, Inc. (NYSE:GETY) Stock

Getty Images Holdings, Inc. (NYSE:GETY) VP Daine Marc Weston sold 9,595 shares of the stock in a transaction on Tuesday, March 25th. The stock was sold at an average price of $2.12, for a total transaction of $20,341.40. Following the completion of the transaction, the vice president now directly owns 106,847 shares in the company, valued at $226,515.64. The trade was a 8.24 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Getty Images Trading Down 2.3 %

Shares of Getty Images stock 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. The stock’s 50-day simple moving average is $2.37 and its two-hundred day simple moving average is $2.93. Getty Images Holdings, Inc. has a one year low of $1.90 and a one year high of $4.49. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 1.84. The stock has a market cap of $794.19 million, a price-to-earnings ratio of 16.04 and a beta of 1.97.

Getty Images (NYSE:GETY) last announced its quarterly earnings results on Monday, March 17th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.05). The firm had revenue of $247.30 million during the quarter, compared to the consensus estimate of $245.50 million. Getty Images had a return on equity of 6.42% and a net margin of 5.91%. Getty Images’s revenue was up 9.5% on a year-over-year basis. As a group, sell-side analysts predict that Getty Images Holdings, Inc. will post 0.08 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Charles Schwab Investment Management Inc. grew its position in shares of Getty Images by 12.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 524,987 shares of the company’s stock worth $2,000,000 after buying an additional 58,135 shares during the last quarter. Franklin Resources Inc. bought a new stake in Getty Images in the third quarter valued at $221,000. Barclays PLC boosted its holdings in Getty Images by 47.1% in the third quarter. Barclays PLC now owns 156,216 shares of the company’s stock valued at $596,000 after acquiring an additional 49,995 shares in the last quarter. Jane Street Group LLC increased its position in Getty Images by 139.8% during the 3rd quarter. Jane Street Group LLC now owns 67,712 shares of the company’s stock valued at $258,000 after purchasing an additional 39,477 shares during the period. Finally, State Street Corp raised its holdings in Getty Images by 46.3% in the 3rd quarter. State Street Corp now owns 1,474,167 shares of the company’s stock worth $5,617,000 after purchasing an additional 466,521 shares in the last quarter. Institutional investors own 45.75% of the company’s stock.

Analysts Set New Price Targets

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