Gene Foca Sells 23,475 Shares of Getty Images Holdings, Inc. (NYSE:GETY) Stock

Getty Images Holdings, Inc. (NYSE:GETY) CMO Gene Foca sold 23,475 shares of the firm’s stock in a transaction on Tuesday, March 25th. The stock was sold at an average price of $2.12, for a total transaction of $49,767.00. Following the completion of the sale, the chief marketing officer now directly owns 468,943 shares in the company, valued at approximately $994,159.16. This trade represents a 4.77 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Getty Images Trading Down 2.3 %

Shares of GETY stock opened at $1.93 on Friday. The stock’s 50-day moving average price is $2.37 and its 200-day moving average price is $2.93. Getty Images Holdings, Inc. has a 12-month low of $1.89 and a 12-month high of $4.49. 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 company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.84.

Getty Images (NYSE:GETY) last issued 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 company had revenue of $247.30 million for the quarter, compared to analysts’ expectations of $245.50 million. Getty Images had a net margin of 5.91% and a return on equity of 6.42%. The business’s revenue was up 9.5% compared to the same quarter last year. Equities research analysts predict that Getty Images Holdings, Inc. will post 0.08 EPS for the current fiscal year.

Institutional Investors Weigh In On Getty Images

A number of institutional investors and hedge funds have recently modified their holdings of GETY. Koch Inc. bought a new position in shares of Getty Images during the 4th quarter worth $174,385,000. Toronto Dominion Bank purchased a new position in Getty Images in the 4th quarter worth $3,553,000. Wexford Capital LP acquired a new stake in shares of Getty Images during the fourth quarter worth about $80,000. ProShare Advisors LLC boosted its holdings in shares of Getty Images by 49.0% in the 4th quarter. ProShare Advisors LLC now owns 28,255 shares of the company’s stock valued at $61,000 after acquiring an additional 9,297 shares during the last quarter. Finally, Occudo Quantitative Strategies LP acquired a new stake in Getty Images during the 4th quarter worth about $168,000. 45.75% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on GETY. Benchmark reduced their price objective 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. Citigroup reiterated a “neutral” rating and issued a $2.45 target price on shares of Getty Images in a research note on Monday. Macquarie reaffirmed a “neutral” rating and set a $3.75 price target on shares of Getty Images in a report on Wednesday, January 8th. Wedbush reaffirmed an “outperform” rating and set a $7.70 price target on shares of Getty Images in a research report on Thursday, March 13th. Finally, JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of Getty Images in a research note on Wednesday, December 18th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus 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.