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 stock in a transaction that occurred 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 completion of the transaction, the chief financial officer now owns 278,072 shares in the company, valued at $589,512.64. This represents a 9.62 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Getty Images Stock Down 7.5 %

Shares of Getty Images stock opened at $1.79 on Friday. The company has a market capitalization of $736.43 million, a P/E ratio of 14.88 and a beta of 1.97. The company has a debt-to-equity ratio of 1.84, a current ratio of 0.79 and a quick ratio of 0.79. The business has a 50-day moving average of $2.35 and a two-hundred day moving average of $2.91. Getty Images Holdings, Inc. has a 1 year low of $1.77 and a 1 year high of $4.49.

Getty Images (NYSE:GETY) last posted its 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 business had revenue of $247.30 million for 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 for the quarter was up 9.5% on a year-over-year basis. As a group, equities analysts predict that Getty Images Holdings, Inc. will post 0.08 EPS for the current year.

Hedge Funds Weigh In On Getty Images

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Koch Inc. bought a new stake in shares of Getty Images in the fourth quarter valued at about $183,865,000. Toronto Dominion Bank acquired a new stake in Getty Images in the 4th quarter valued at approximately $3,553,000. Vanguard Group Inc. lifted its stake in Getty Images by 7.3% in the 4th quarter. Vanguard Group Inc. now owns 10,225,249 shares of the company’s stock valued at $22,087,000 after acquiring an additional 698,829 shares in the last quarter. State Street Corp boosted its position in 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 acquiring an additional 466,521 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its stake 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 worth $761,000 after acquiring an additional 146,576 shares in the last quarter. 45.75% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Benchmark cut their price target on Getty Images from $6.00 to $4.50 and set a “buy” rating on the stock in a research note on Tuesday, March 18th. Wedbush reissued an “outperform” rating and issued a $7.70 target price on shares of Getty Images in a research note on Thursday, March 13th. Citigroup restated a “neutral” rating and set a $2.45 target price on shares of Getty Images in a report on Monday, March 24th. Macquarie reaffirmed a “neutral” rating and issued a $3.75 price target on shares of Getty Images in a research note on Wednesday, January 8th. 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 issued a buy rating to the stock. According to MarketBeat.com, Getty Images has a consensus rating of “Hold” and an average price target 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.