Insider Selling: Getty Images Holdings, Inc. (NYSE:GETY) VP Sells 9,595 Shares of Stock

Getty Images Holdings, Inc. (NYSE:GETY) VP Daine Marc Weston sold 9,595 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 $20,341.40. Following the sale, the vice president now directly owns 106,847 shares of the company’s stock, valued at approximately $226,515.64. This represents a 8.24 % 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 Trading Down 2.3 %

Shares of GETY opened at $1.93 on Friday. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.79 and a current ratio of 0.79. The company has a market cap of $794.19 million, a price-to-earnings ratio of 16.04 and a beta of 1.97. The stock has a fifty day moving average price of $2.37 and a two-hundred day moving average price of $2.93. Getty Images Holdings, Inc. has a 52-week low of $1.89 and a 52-week high of $4.49.

Getty Images (NYSE:GETY) last released its quarterly earnings results 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 business had revenue of $247.30 million during the quarter, compared to the consensus estimate of $245.50 million. Getty Images had a net margin of 5.91% and a return on equity of 6.42%. The firm’s revenue for the quarter was up 9.5% compared to the same quarter last year. Analysts predict that Getty Images Holdings, Inc. will post 0.08 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently weighed in on GETY shares. Citigroup reissued a “neutral” rating and issued a $2.45 price target on shares of Getty Images in a research note on Monday. Macquarie restated a “neutral” rating and issued a $3.75 price target on shares of Getty Images in a research report on Wednesday, January 8th. Wedbush reissued an “outperform” rating and set a $7.70 target price on shares of Getty Images in a research note on Thursday, March 13th. Benchmark lowered their target price 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. Finally, JPMorgan Chase & Co. reissued an “underweight” rating on shares of Getty Images in a research report on Wednesday, December 18th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Getty Images currently has an average rating of “Hold” and an average price target of $4.60.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. BNP Paribas Financial Markets bought a new position in Getty Images in the 4th quarter valued at $27,000. Aristeia Capital L.L.C. bought a new position in Getty Images in the fourth quarter valued at about $28,000. Ameriprise Financial Inc. acquired a new stake in Getty Images in the fourth quarter worth about $28,000. Virtu Financial LLC bought a new stake in Getty Images during the 4th quarter worth about $33,000. Finally, Oxford Asset Management LLP acquired a new position in Getty Images during the 4th quarter valued at about $33,000. Institutional investors own 45.75% of the company’s stock.

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.