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 completion of the transaction, the chief executive officer now directly owns 1,262,948 shares of the company’s stock, valued at $2,677,449.76. This trade represents a 8.98 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Getty Images Stock Performance

Getty Images stock opened at $1.93 on Friday. 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 company has a market cap of $794.19 million, a P/E ratio of 16.04 and a beta of 1.97. Getty Images Holdings, Inc. has a fifty-two week low of $1.89 and a fifty-two week high of $4.49. The firm’s 50 day simple moving average is $2.37 and its 200-day simple moving average is $2.93.

Getty Images (NYSE:GETY) last released its quarterly earnings data 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 for the quarter, compared to analyst estimates of $245.50 million. Getty Images had a net margin of 5.91% and a return on equity of 6.42%. Getty Images’s revenue for the quarter was up 9.5% compared to the same quarter last year. As a group, equities research analysts predict that Getty Images Holdings, Inc. will post 0.08 EPS for the current year.

Hedge Funds Weigh In On Getty Images

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Rhumbline Advisers grew its stake in Getty Images by 3.6% in the 4th quarter. Rhumbline Advisers now owns 125,421 shares of the company’s stock valued at $271,000 after buying an additional 4,359 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of 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 valued at $80,000 after purchasing an additional 4,826 shares during the last quarter. FMR LLC increased 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 purchasing an additional 7,897 shares during the period. ProShare Advisors LLC lifted its position in shares of Getty Images by 49.0% during the 4th quarter. ProShare Advisors LLC now owns 28,255 shares of the company’s stock worth $61,000 after purchasing an additional 9,297 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in Getty Images by 25.4% during the 4th quarter. JPMorgan Chase & Co. now owns 46,590 shares of the company’s stock valued at $101,000 after purchasing an additional 9,434 shares during the period. Institutional investors and hedge funds own 45.75% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on GETY shares. Benchmark cut their price target on Getty Images from $6.00 to $4.50 and set a “buy” rating on the stock in a report on Tuesday, March 18th. Wedbush reaffirmed an “outperform” rating and issued a $7.70 price objective on shares of Getty Images in a report on Thursday, March 13th. JPMorgan Chase & Co. restated an “underweight” rating on shares of Getty Images in a research note on Wednesday, December 18th. Citigroup reissued a “neutral” rating and issued a $2.45 price objective on shares of Getty Images in a report on Monday. Finally, 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. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently 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.