Michael Teaster Sells 4,918 Shares of Getty Images Holdings, Inc. (NYSE:GETY) Stock

Getty Images Holdings, Inc. (NYSE:GETY) insider Michael Teaster sold 4,918 shares of Getty Images stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of $2.12, for a total value of $10,426.16. Following the sale, the insider now directly owns 242,627 shares in the company, valued at approximately $514,369.24. This trade represents a 1.99 % 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 Stock Performance

Shares of NYSE:GETY opened at $1.79 on Friday. The business has a fifty day moving average of $2.35 and a 200-day moving average of $2.91. The firm has a market cap of $736.43 million, a PE ratio of 14.88 and a beta of 1.97. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.79 and a current ratio of 0.79. Getty Images Holdings, Inc. has a twelve month low of $1.77 and a twelve month high of $4.49.

Getty Images (NYSE:GETY) last announced 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 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 the consensus estimate of $245.50 million. The firm’s revenue was up 9.5% compared to the same quarter last year. On average, equities research analysts predict that Getty Images Holdings, Inc. will post 0.08 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. BNP Paribas Financial Markets acquired a new position in shares of Getty Images during the fourth quarter valued at $27,000. Aristeia Capital L.L.C. bought a new stake in Getty Images during the 4th quarter worth about $28,000. Ameriprise Financial Inc. acquired a new position in Getty Images during the 4th quarter valued at about $28,000. Virtu Financial LLC bought a new position in shares of Getty Images in the 4th quarter valued at about $33,000. Finally, Oxford Asset Management LLP bought a new stake in shares of Getty Images during the fourth quarter worth approximately $33,000. 45.75% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Benchmark lowered their price target on shares of Getty Images from $6.00 to $4.50 and set a “buy” rating on the stock in a report on Tuesday, March 18th. Citigroup reiterated a “neutral” rating and set a $2.45 price objective on shares of Getty Images in a research note on Monday, March 24th. JPMorgan Chase & Co. restated an “underweight” rating on shares of Getty Images in a research note on Wednesday, December 18th. Macquarie reiterated a “neutral” rating and set a $3.75 target price on shares of Getty Images in a research report on Wednesday, January 8th. Finally, Wedbush restated an “outperform” rating and issued a $7.70 price target on shares of Getty Images in a research report on Thursday, March 13th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average 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.