Getty Images Holdings, Inc. (NYSE:GETY) CFO Jennifer Leyden Sells 29,607 Shares

Getty Images Holdings, Inc. (NYSE:GETY) CFO Jennifer Leyden sold 29,607 shares of the business’s stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of $2.12, for a total transaction of $62,766.84. Following the sale, the chief financial officer now directly owns 278,072 shares of the company’s stock, valued at approximately $589,512.64. The trade was a 9.62 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Getty Images Trading Down 2.3 %

NYSE GETY opened at $1.93 on Friday. The stock has a market capitalization of $794.19 million, a price-to-earnings ratio of 16.04 and a beta of 1.97. The business’s fifty day moving average is $2.37 and its 200-day moving average is $2.93. The company has a debt-to-equity ratio of 1.84, a current ratio of 0.79 and a quick ratio of 0.79. Getty Images Holdings, Inc. has a one year low of $1.89 and a one year high of $4.49.

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

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Koch Inc. bought a new stake in Getty Images in the 4th quarter valued at about $183,865,000. Vanguard Group Inc. increased its stake in shares of Getty Images by 7.3% in the fourth 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. Geode Capital Management LLC raised its position in shares of Getty Images by 0.7% in the fourth quarter. Geode Capital Management LLC now owns 1,675,635 shares of the company’s stock valued at $3,620,000 after purchasing an additional 11,680 shares during the period. Toronto Dominion Bank purchased a new stake in shares of Getty Images during the 4th quarter valued at approximately $3,553,000. Finally, State Street Corp boosted 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 buying an additional 466,521 shares during the period. Hedge funds and other institutional investors own 45.75% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on the company. Macquarie reissued a “neutral” rating and set a $3.75 price objective on shares of Getty Images in a report on Wednesday, January 8th. Wedbush reiterated an “outperform” rating and set a $7.70 price target on shares of Getty Images in a report on Thursday, March 13th. Citigroup restated a “neutral” rating and set a $2.45 price objective on shares of Getty Images in a research note on Monday. JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Getty Images in a research note on Wednesday, December 18th. Finally, Benchmark dropped their price target on shares of Getty Images from $6.00 to $4.50 and set a “buy” rating on the stock 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 assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $4.60.

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.