Getty Images Holdings, Inc. (NYSE:GETY) Insider Sells $10,426.16 in Stock

Getty Images Holdings, Inc. (NYSE:GETY) insider Michael Teaster sold 4,918 shares of the stock in a transaction that occurred on Tuesday, March 25th. The shares were sold at an average price of $2.12, for a total transaction of $10,426.16. Following the completion of the transaction, the insider now directly owns 242,627 shares of the company’s stock, valued at $514,369.24. The trade was a 1.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Getty Images Stock Down 7.5 %

Shares of GETY opened at $1.79 on Friday. The stock’s 50-day moving average price is $2.35 and its 200-day moving average price is $2.91. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 1.84. The company has a market capitalization of $736.43 million, a price-to-earnings ratio of 14.88 and a beta of 1.97. Getty Images Holdings, Inc. has a 52 week low of $1.77 and a 52 week high of $4.49.

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). Getty Images had a net margin of 5.91% and a return on equity of 6.42%. The firm had revenue of $247.30 million for the quarter, compared to analysts’ expectations of $245.50 million. The firm’s revenue for the quarter was up 9.5% on a year-over-year basis. On average, sell-side analysts predict that Getty Images Holdings, Inc. will post 0.08 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have issued reports on GETY. Macquarie reaffirmed a “neutral” rating and issued a $3.75 price target on shares of Getty Images in a report on Wednesday, January 8th. JPMorgan Chase & Co. restated an “underweight” rating on shares of Getty Images in a research note on Wednesday, December 18th. Citigroup reiterated a “neutral” rating and set a $2.45 price target on shares of Getty Images in a research note on Monday, March 24th. Wedbush restated an “outperform” rating and issued a $7.70 price objective on shares of Getty Images in a research note on Thursday, March 13th. Finally, Benchmark dropped their target price 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. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $4.60.

Institutional Investors Weigh In On Getty Images

A number of institutional investors have recently modified their holdings of the business. Victory Capital Management Inc. boosted its position in Getty Images by 138.5% during the third quarter. Victory Capital Management Inc. now owns 59,145 shares of the company’s stock worth $225,000 after purchasing an additional 34,349 shares in the last quarter. Intech Investment Management LLC acquired a new position in shares of Getty Images during the 3rd quarter worth approximately $44,000. Charles Schwab Investment Management Inc. lifted its position in shares of Getty Images by 12.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 524,987 shares of the company’s stock valued at $2,000,000 after buying an additional 58,135 shares in the last quarter. FMR LLC lifted its position in shares of Getty Images by 5.0% during the 3rd quarter. FMR LLC now owns 166,221 shares of the company’s stock valued at $633,000 after buying an additional 7,897 shares in the last quarter. Finally, MetLife Investment Management LLC increased its holdings in Getty Images by 129.1% in the 3rd quarter. MetLife Investment Management LLC now owns 60,238 shares of the company’s stock worth $230,000 after acquiring an additional 33,942 shares in the last quarter. 45.75% of the stock is currently owned by institutional investors and hedge funds.

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.