Getty Images Holdings, Inc. (NYSE:GETY) CTO Sells 15,859 Shares

Getty Images Holdings, Inc. (NYSE:GETY) CTO Nathaniel Gandert sold 15,859 shares of the stock in a transaction that occurred on Tuesday, March 25th. The stock was sold at an average price of $2.12, for a total value of $33,621.08. Following the sale, the chief technology officer now owns 534,377 shares in the company, valued at approximately $1,132,879.24. This trade represents a 2.88 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Getty Images Trading Down 2.3 %

NYSE:GETY traded down $0.05 during mid-day trading on Thursday, hitting $1.93. The company had a trading volume of 1,292,671 shares, compared to its average volume of 1,099,211. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.79 and a current ratio of 0.79. The firm has a market cap of $794.19 million, a P/E ratio of 16.04 and a beta of 1.97. The business’s fifty day moving average is $2.37 and its two-hundred day moving average is $2.93. Getty Images Holdings, Inc. has a fifty-two week low of $1.90 and a fifty-two week high of $4.49.

Getty Images (NYSE:GETY) last issued its earnings results on Monday, March 17th. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.04 by ($0.05). Getty Images had a net margin of 5.91% and a return on equity of 6.42%. The firm 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. As a group, research analysts expect that Getty Images Holdings, Inc. will post 0.08 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have recently weighed in on GETY shares. 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 target on shares of Getty Images in a report on Monday. Wedbush reaffirmed an “outperform” rating and set a $7.70 price target on shares of Getty Images in a research note on Thursday, March 13th. Benchmark cut their target price 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. Finally, Macquarie reiterated a “neutral” rating and set a $3.75 price target on shares of Getty Images in a research report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Getty Images presently has an average rating of “Hold” and an average price target of $4.60.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Intech Investment Management LLC bought a new position in shares of Getty Images during the 3rd quarter valued at about $44,000. BNP Paribas Financial Markets acquired a new position in shares of Getty Images in the fourth quarter valued at approximately $27,000. Aristeia Capital L.L.C. bought a new stake in shares of Getty Images during the fourth quarter worth $28,000. Ameriprise Financial Inc. acquired a new stake in shares of Getty Images during the fourth quarter worth $28,000. Finally, Virtu Financial LLC acquired a new position in Getty Images in the 4th quarter worth $33,000. 45.75% of the stock is owned by institutional investors and hedge funds.

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.