Jennifer Leyden Sells 29,607 Shares of Getty Images Holdings, Inc. (NYSE:GETY) Stock

Getty Images Holdings, Inc. (NYSE:GETY) CFO Jennifer Leyden sold 29,607 shares of the firm’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 $62,766.84. Following the transaction, the chief financial officer now directly owns 278,072 shares in the company, valued at $589,512.64. The trade was a 9.62 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Getty Images Stock Down 7.5 %

Shares of NYSE GETY opened at $1.79 on Friday. The business’s fifty day moving average price is $2.35 and its 200-day moving average price is $2.91. Getty Images Holdings, Inc. has a one year low of $1.77 and a one year high of $4.49. The stock 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.

Getty Images (NYSE:GETY) last posted its earnings results on Monday, March 17th. The company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.05). The business had revenue of $247.30 million during 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 company’s revenue for the quarter was up 9.5% compared to the same quarter last year. On average, equities research analysts anticipate that Getty Images Holdings, Inc. will post 0.08 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have commented on GETY shares. Benchmark dropped their target price on shares of Getty Images from $6.00 to $4.50 and set a “buy” rating on the stock in a research report on Tuesday, March 18th. Citigroup reiterated a “neutral” rating and set a $2.45 price target on shares of Getty Images in a report on Monday, March 24th. JPMorgan Chase & Co. restated an “underweight” rating on shares of Getty Images in a research note on Wednesday, December 18th. Wedbush reiterated an “outperform” rating and set a $7.70 target price on shares of Getty Images in a research note on Thursday, March 13th. Finally, Macquarie restated a “neutral” rating and set a $3.75 price target on shares of Getty Images in a research report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $4.60.

Institutional Investors Weigh In On Getty Images

Several institutional investors have recently made changes to their positions in the stock. Intech Investment Management LLC purchased a new stake in Getty Images during the 3rd quarter worth about $44,000. BNP Paribas Financial Markets purchased a new stake in shares of Getty Images in the fourth quarter worth about $27,000. Aristeia Capital L.L.C. bought a new stake in Getty Images during the 4th quarter worth approximately $28,000. Ameriprise Financial Inc. bought a new stake in Getty Images during the 4th quarter worth approximately $28,000. Finally, Virtu Financial LLC bought a new position in Getty Images in the 4th quarter valued at $33,000. Hedge funds and other institutional investors own 45.75% of the company’s stock.

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.