Getty Images Holdings, Inc. (NYSE:GETY) CEO Craig Warren Peters Sells 124,624 Shares

Getty Images Holdings, Inc. (NYSE:GETY) CEO Craig Warren Peters sold 124,624 shares of Getty Images stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of $2.12, for a total transaction of $264,202.88. Following the sale, the chief executive officer now owns 1,262,948 shares of the company’s stock, valued at $2,677,449.76. The trade was a 8.98 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Getty Images Stock Down 2.3 %

Shares of GETY stock traded down $0.05 during trading hours on Thursday, reaching $1.93. 1,292,671 shares of the company’s stock were exchanged, compared to its average volume of 1,099,211. The stock has a market cap of $794.19 million, a PE ratio of 16.04 and a beta of 1.97. 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 stock’s fifty day moving average price is $2.37 and its two-hundred day moving average price is $2.93. Getty Images Holdings, Inc. has a 1 year low of $1.90 and a 1 year high of $4.49.

Getty Images (NYSE:GETY) last posted 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). Getty Images had a return on equity of 6.42% and a net margin of 5.91%. The company had revenue of $247.30 million during the quarter, compared to analysts’ expectations of $245.50 million. The firm’s quarterly revenue was up 9.5% compared to the same quarter last year. Research analysts predict that Getty Images Holdings, Inc. will post 0.08 EPS for the current year.

Institutional Investors Weigh In On Getty Images

A number of institutional investors and hedge funds have recently modified their holdings of GETY. Koch Inc. purchased a new position in shares of Getty Images during the fourth quarter worth $183,865,000. Toronto Dominion Bank acquired a new position in Getty Images in the fourth quarter valued at approximately $3,553,000. Vanguard Group Inc. boosted its position in Getty Images by 7.3% in the 4th quarter. Vanguard Group Inc. now owns 10,225,249 shares of the company’s stock worth $22,087,000 after purchasing an additional 698,829 shares in the last quarter. State Street Corp grew its stake in shares of Getty Images by 46.3% during 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 during the period. Finally, Bank of New York Mellon Corp increased its holdings in shares of Getty Images by 71.2% during the 4th quarter. Bank of New York Mellon Corp now owns 352,388 shares of the company’s stock valued at $761,000 after purchasing an additional 146,576 shares in the last quarter. Institutional investors and hedge funds own 45.75% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on GETY. Citigroup restated a “neutral” rating and set a $2.45 price objective on shares of Getty Images in a report on Monday. Macquarie reiterated a “neutral” rating and set a $3.75 target price on shares of Getty Images in a report on Wednesday, January 8th. Wedbush restated an “outperform” rating and set a $7.70 target price on shares of Getty Images in a report on Thursday, March 13th. JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Getty Images in a research note on Wednesday, December 18th. Finally, Benchmark decreased 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 research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, Getty Images 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.