Chinh Chu Sells 17,122 Shares of Getty Images Holdings, Inc. (NYSE:GETY) Stock

Getty Images Holdings, Inc. (NYSE:GETY) Director Chinh Chu sold 17,122 shares of the firm’s stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $4.01, for a total value of $68,659.22. Following the transaction, the director now directly owns 9,846,814 shares in the company, valued at approximately $39,485,724.14. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Getty Images Trading Down 0.7 %

NYSE:GETY opened at $3.99 on Friday. The stock has a market capitalization of $1.63 billion, a price-to-earnings ratio of 66.50 and a beta of 2.05. Getty Images Holdings, Inc. has a 1 year low of $2.88 and a 1 year high of $5.77. The stock has a fifty day moving average price of $3.61 and a two-hundred day moving average price of $3.63. The company has a debt-to-equity ratio of 1.92, a quick ratio of 0.78 and a current ratio of 0.78.

Getty Images (NYSE:GETY) last announced its quarterly earnings data on Friday, August 9th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.02 by ($0.01). Getty Images had a net margin of 4.19% and a return on equity of 9.36%. The company had revenue of $229.14 million during the quarter, compared to analyst estimates of $228.42 million. The company’s revenue for the quarter was up 1.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Getty Images Holdings, Inc. will post 0.11 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on GETY. Benchmark reiterated a “buy” rating and issued a $6.00 target price on shares of Getty Images in a research note on Tuesday, August 13th. Citigroup cut their price objective on shares of Getty Images from $6.00 to $5.00 and set a “buy” rating for the company in a research report on Tuesday, August 13th. Finally, Macquarie dropped their price target on shares of Getty Images from $4.00 to $3.50 and set a “neutral” rating on the stock in a research note on Monday, August 12th.

Hedge Funds Weigh In On Getty Images

Hedge funds have recently bought and sold shares of the company. Byrne Asset Management LLC increased its position in shares of Getty Images by 95.7% in the second quarter. Byrne Asset Management LLC now owns 9,200 shares of the company’s stock valued at $29,000 after buying an additional 4,500 shares in the last quarter. Spartan Fund Management Inc. purchased a new stake in shares of Getty Images in the second quarter valued at about $33,000. CIBC Asset Management Inc acquired a new stake in shares of Getty Images in the second quarter valued at approximately $36,000. Natixis acquired a new position in shares of Getty Images during the 1st quarter worth approximately $42,000. Finally, Principal Financial Group Inc. purchased a new stake in Getty Images in the 2nd quarter valued at approximately $44,000. 45.75% of the stock is owned by hedge funds and other institutional investors.

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.