Getty Images Holdings, Inc. (NYSE:GETY) CTO Sells $33,621.08 in Stock

Getty Images Holdings, Inc. (NYSE:GETY) CTO Nathaniel Gandert sold 15,859 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 value of $33,621.08. Following the sale, the chief technology officer now directly owns 534,377 shares of the company’s stock, valued at approximately $1,132,879.24. This represents a 2.88 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Getty Images Price Performance

GETY opened at $1.93 on Friday. The stock has a market cap of $794.19 million, a price-to-earnings ratio of 16.04 and a beta of 1.97. Getty Images Holdings, Inc. has a 1 year low of $1.89 and a 1 year high of $4.49. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.84. The stock has a fifty day moving average price of $2.37 and a 200 day moving average price of $2.93.

Getty Images (NYSE:GETY) last posted its quarterly earnings results on Monday, March 17th. The company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.05). The firm had revenue of $247.30 million for the quarter, compared to analysts’ expectations of $245.50 million. Getty Images had a return on equity of 6.42% and a net margin of 5.91%. The firm’s revenue was up 9.5% on a year-over-year basis. Analysts forecast that Getty Images Holdings, Inc. will post 0.08 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of GETY. Koch Inc. acquired a new stake in shares of Getty Images in the 4th quarter valued at $183,865,000. Toronto Dominion Bank acquired a new stake in shares of Getty Images in the fourth quarter worth about $3,553,000. Vanguard Group Inc. lifted its position in shares of Getty Images by 7.3% in the fourth quarter. Vanguard Group Inc. now owns 10,225,249 shares of the company’s stock worth $22,087,000 after buying an additional 698,829 shares during the last quarter. State Street Corp lifted its position in shares of Getty Images by 46.3% in the third quarter. State Street Corp now owns 1,474,167 shares of the company’s stock worth $5,617,000 after buying an additional 466,521 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of Getty Images by 71.2% during the 4th quarter. Bank of New York Mellon Corp now owns 352,388 shares of the company’s stock valued at $761,000 after acquiring an additional 146,576 shares during the last quarter. Institutional investors and hedge funds own 45.75% of the company’s stock.

Wall Street Analysts Forecast Growth

GETY has been the topic of several recent analyst reports. Macquarie restated a “neutral” rating and set a $3.75 price objective on shares of Getty Images in a report on Wednesday, January 8th. Citigroup reiterated a “neutral” rating and set a $2.45 price objective on shares of Getty Images in a research report on Monday. JPMorgan Chase & Co. restated an “underweight” rating on shares of Getty Images in a report on Wednesday, December 18th. Benchmark dropped their price target on 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, Wedbush restated an “outperform” rating and set a $7.70 price objective on shares of Getty Images in a research report on Thursday, March 13th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $4.60.

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.