Getty Images Holdings, Inc. (NYSE:GETY) General Counsel Kjelti Wilkes Kellough Sells 8,070 Shares

Getty Images Holdings, Inc. (NYSE:GETY) General Counsel Kjelti Wilkes Kellough sold 8,070 shares of the business’s stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of $3.61, for a total transaction of $29,132.70. Following the transaction, the general counsel now directly owns 258,630 shares in the company, valued at $933,654.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Getty Images Trading Up 2.9 %

Getty Images stock opened at $3.88 on Friday. Getty Images Holdings, Inc. has a one year low of $2.88 and a one year high of $6.57. The company’s fifty day moving average price is $3.55 and its two-hundred day moving average price is $3.72. The company has a market capitalization of $1.59 billion, a price-to-earnings ratio of 64.67 and a beta of 2.05. The company has a debt-to-equity ratio of 1.92, a current ratio of 0.78 and a quick ratio of 0.78.

Getty Images (NYSE:GETY) last issued its quarterly earnings data on Friday, August 9th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.01). The company had revenue of $229.14 million during the quarter, compared to the consensus estimate of $228.42 million. Getty Images had a net margin of 4.19% and a return on equity of 9.36%. Getty Images’s revenue for the quarter was up 1.5% on a year-over-year basis. On average, analysts forecast that Getty Images Holdings, Inc. will post 0.11 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on GETY. Benchmark restated a “buy” rating and set a $6.00 price target on shares of Getty Images in a report on Tuesday, August 13th. Macquarie lowered their target price on Getty Images from $4.00 to $3.50 and set a “neutral” rating on the stock in a research note on Monday, August 12th. Finally, Citigroup cut their price target on Getty Images from $6.00 to $5.00 and set a “buy” rating for the company in a research note on Tuesday, August 13th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $5.64.

Institutional Trading of Getty Images

A number of institutional investors and hedge funds have recently modified their holdings of GETY. Byrne Asset Management LLC grew its stake in Getty Images by 95.7% in the 2nd quarter. Byrne Asset Management LLC now owns 9,200 shares of the company’s stock valued at $29,000 after buying an additional 4,500 shares during the last quarter. Spartan Fund Management Inc. bought a new position in shares of Getty Images in the second quarter worth about $33,000. CIBC Asset Management Inc bought a new position in shares of Getty Images in the second quarter worth about $36,000. Natixis acquired a new position in shares of Getty Images during the 1st quarter worth about $42,000. Finally, Principal Financial Group Inc. bought a new stake in Getty Images during the 2nd quarter valued at approximately $44,000. 45.75% of the stock is currently owned by institutional investors and hedge funds.

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.