Insider Selling: Getty Images Holdings, Inc. (NYSE:GETY) CEO Sells $264,202.88 in Stock

Getty Images Holdings, Inc. (NYSE:GETY) CEO Craig Warren Peters sold 124,624 shares of the business’s 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 sale, the chief executive officer now directly owns 1,262,948 shares of the company’s stock, valued at approximately $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 Securities & Exchange Commission, which can be accessed through this link.

Getty Images Price Performance

GETY opened at $1.79 on Friday. The firm has a market capitalization 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 current ratio of 0.79 and a quick ratio of 0.79. The business’s 50-day moving average is $2.35 and its two-hundred day moving average is $2.91. Getty Images Holdings, Inc. has a 1 year low of $1.77 and a 1 year high of $4.49.

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). Getty Images had a return on equity of 6.42% and a net margin of 5.91%. The firm had revenue of $247.30 million during the quarter, compared to analysts’ expectations of $245.50 million. The firm’s quarterly revenue was up 9.5% on a year-over-year basis. Research analysts anticipate that Getty Images Holdings, Inc. will post 0.08 earnings per share for the current fiscal year.

Institutional Trading of Getty Images

A number of institutional investors have recently made changes to their positions in GETY. Intech Investment Management LLC purchased a new stake in Getty Images in the third quarter valued at about $44,000. BNP Paribas Financial Markets acquired a new position in shares of Getty Images during the fourth quarter valued at about $27,000. Aristeia Capital L.L.C. acquired a new stake in Getty Images in the 4th quarter worth approximately $28,000. Ameriprise Financial Inc. acquired a new stake in Getty Images in the 4th quarter worth approximately $28,000. Finally, Virtu Financial LLC purchased a new stake in Getty Images during the 4th quarter worth approximately $33,000. Institutional investors and hedge funds own 45.75% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. 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. Citigroup reiterated a “neutral” rating and issued a $2.45 target price on shares of Getty Images in a report on Monday, March 24th. Benchmark cut their price target on Getty Images from $6.00 to $4.50 and set a “buy” rating on the stock in a research note on Tuesday, March 18th. Macquarie reaffirmed a “neutral” rating and issued a $3.75 price objective on shares of Getty Images in a research note on Wednesday, January 8th. Finally, JPMorgan Chase & Co. reissued an “underweight” rating on shares of Getty Images in a research report on Wednesday, December 18th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, Getty Images currently has an average rating of “Hold” and a consensus target price 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.