Insider Selling: Getty Images Holdings, Inc. (NYSE:GETY) SVP Sells 18,590 Shares of Stock

Getty Images Holdings, Inc. (NYSE:GETY) SVP Cho Mikael sold 18,590 shares of the company’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 $39,410.80. Following the completion of the sale, the senior vice president now directly owns 123,862 shares in the company, valued at approximately $262,587.44. The trade was a 13.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

Getty Images Stock Performance

GETY traded down $0.05 during trading on Thursday, hitting $1.93. The stock had a trading volume of 1,292,671 shares, compared to its average volume of 1,099,211. The company has a debt-to-equity ratio of 1.84, a current ratio of 0.79 and a quick ratio of 0.79. The firm has a market cap of $794.19 million, a price-to-earnings ratio of 16.04 and a beta of 1.97. The company has a 50 day moving average price of $2.37 and a 200-day moving average price of $2.93. Getty Images Holdings, Inc. has a one year low of $1.90 and a one year high of $4.49.

Getty Images (NYSE:GETY) last released its quarterly earnings results on Monday, March 17th. The company reported ($0.01) EPS 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 business had revenue of $247.30 million during the quarter, compared to analyst estimates of $245.50 million. The business’s revenue was up 9.5% compared to the same quarter last year. As a group, research analysts predict that Getty Images Holdings, Inc. will post 0.08 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Koch Inc. bought a new stake in shares of Getty Images in the fourth quarter valued at approximately $174,385,000. Toronto Dominion Bank bought a new stake in shares of Getty Images during the 4th quarter valued at $3,553,000. Wexford Capital LP acquired a new stake in shares of Getty Images during the 4th quarter worth $80,000. ProShare Advisors LLC increased its position in shares of Getty Images by 49.0% in the fourth quarter. ProShare Advisors LLC now owns 28,255 shares of the company’s stock worth $61,000 after purchasing an additional 9,297 shares during the period. Finally, Occudo Quantitative Strategies LP acquired a new position in Getty Images in the fourth quarter valued at about $168,000. 45.75% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Wedbush reissued an “outperform” rating and set a $7.70 price target on shares of Getty Images in a research report on Thursday, March 13th. Benchmark decreased their target price on Getty Images from $6.00 to $4.50 and set a “buy” rating on the stock in a report on Tuesday, March 18th. JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of Getty Images in a report on Wednesday, December 18th. Citigroup reaffirmed a “neutral” rating and set a $2.45 price objective on shares of Getty Images in a research report on Monday. Finally, Macquarie reissued a “neutral” rating and issued a $3.75 price objective on shares of Getty Images in a research report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, Getty Images presently has an average 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.