Insider Selling: Getty Images Holdings, Inc. (NYSE:GETY) VP Sells 10,227 Shares of Stock

Getty Images Holdings, Inc. (NYSE:GETY) VP Daine Marc Weston sold 10,227 shares of Getty Images stock in a transaction that occurred on Tuesday, June 25th. The stock was sold at an average price of $3.23, for a total value of $33,033.21. Following the completion of the transaction, the vice president now owns 89,622 shares of the company’s stock, valued at approximately $289,479.06. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Getty Images Trading Up 2.5 %

NYSE GETY opened at $3.26 on Friday. The stock has a market cap of $1.33 billion, a PE ratio of 54.33 and a beta of 2.09. Getty Images Holdings, Inc. has a 12 month low of $2.93 and a 12 month high of $7.35. The company’s 50-day moving average price is $3.66 and its 200-day moving average price is $4.27. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 2.01.

Getty Images (NYSE:GETY) last released its quarterly earnings data on Thursday, May 9th. The company reported $0.01 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.01. The company had revenue of $222.28 million during the quarter, compared to analysts’ expectations of $223.29 million. Getty Images had a net margin of 3.33% and a return on equity of 9.18%. Equities research analysts forecast that Getty Images Holdings, Inc. will post 0.13 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. bought a new stake in Getty Images during the 3rd quarter valued at $52,554,000. EULAV Asset Management raised its holdings in shares of Getty Images by 37.5% in the third quarter. EULAV Asset Management now owns 550,000 shares of the company’s stock valued at $3,570,000 after acquiring an additional 150,000 shares in the last quarter. Victory Capital Management Inc. lifted its stake in Getty Images by 20.4% in the fourth quarter. Victory Capital Management Inc. now owns 25,309 shares of the company’s stock worth $133,000 after acquiring an additional 4,281 shares during the period. Corton Capital Inc. grew its holdings in Getty Images by 49.3% during the 3rd quarter. Corton Capital Inc. now owns 16,864 shares of the company’s stock worth $109,000 after acquiring an additional 5,571 shares in the last quarter. Finally, EntryPoint Capital LLC purchased a new position in Getty Images during the 1st quarter valued at about $47,000. Institutional investors own 45.75% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on GETY shares. Benchmark dropped their price objective on shares of Getty Images from $8.00 to $6.00 and set a “buy” rating for the company in a research note on Friday, May 10th. Wedbush reaffirmed an “outperform” rating and set a $7.70 price target on shares of Getty Images in a research note on Monday, May 6th. Finally, Citigroup increased their price objective on shares of Getty Images from $5.50 to $6.00 and gave the stock a “buy” rating in a research report on Friday, March 15th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $6.08.

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.