Insider Selling: Getty Images Holdings, Inc. (NYSE:GETY) Insider Sells 8,218 Shares of Stock

Getty Images Holdings, Inc. (NYSE:GETY) insider Grant Farhall sold 8,218 shares of the firm’s stock in a transaction on Tuesday, December 24th. The stock was sold at an average price of $2.20, for a total transaction of $18,079.60. Following the transaction, the insider now directly owns 251,615 shares in the company, valued at $553,553. The trade was a 3.16 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Getty Images Price Performance

NYSE:GETY traded up $0.05 during trading hours on Thursday, hitting $2.29. The company’s stock had a trading volume of 730,765 shares, compared to its average volume of 488,949. Getty Images Holdings, Inc. has a 52-week low of $2.10 and a 52-week high of $5.77. 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 business’s 50-day moving average is $3.21 and its two-hundred day moving average is $3.42. The company has a market capitalization of $941.36 million, a PE ratio of 19.08 and a beta of 1.86.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Macquarie boosted their price target on Getty Images from $3.50 to $3.75 and gave the company a “neutral” rating in a research report on Wednesday, November 13th. JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of Getty Images in a report on Wednesday, December 18th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Getty Images presently has a consensus rating of “Hold” and a consensus price target of $5.61.

Institutional Investors Weigh In On Getty Images

A number of large investors have recently added to or reduced their stakes in GETY. Spartan Fund Management Inc. acquired a new stake in Getty Images during the 2nd quarter valued at $33,000. CIBC Asset Management Inc purchased a new position in Getty Images during the second quarter worth about $36,000. Intech Investment Management LLC acquired a new stake in shares of Getty Images in the third quarter worth approximately $44,000. Principal Financial Group Inc. acquired a new position in Getty Images during the second quarter worth approximately $44,000. Finally, Aigen Investment Management LP purchased a new position in Getty Images during the third quarter worth approximately $48,000. 45.75% of the stock is 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.