Getty Images Holdings, Inc. (NYSE:GETY) CTO Sells $33,621.08 in Stock

Getty Images Holdings, Inc. (NYSE:GETY) CTO Nathaniel Gandert sold 15,859 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 transaction of $33,621.08. Following the transaction, the chief technology officer now directly owns 534,377 shares of the company’s stock, valued at approximately $1,132,879.24. This trade represents a 2.88 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Getty Images Trading Down 7.5 %

Shares of NYSE:GETY opened at $1.79 on Friday. The business’s 50 day moving average price is $2.35 and its 200-day moving average price is $2.91. Getty Images Holdings, Inc. has a 1 year low of $1.77 and a 1 year high of $4.49. The firm has a market capitalization of $736.43 million, a price-to-earnings 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 quarterly earnings data on Monday, March 17th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.05). The company had revenue of $247.30 million for the quarter, compared to analysts’ expectations 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. On average, equities research analysts forecast that Getty Images Holdings, Inc. will post 0.08 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

Institutional Investors Weigh In On Getty Images

Large investors have recently bought and sold shares of the company. Intech Investment Management LLC purchased a new position in shares of Getty Images in the third quarter valued at approximately $44,000. BNP Paribas Financial Markets purchased a new position in Getty Images in the 4th quarter valued at $27,000. Aristeia Capital L.L.C. purchased a new position in Getty Images in the 4th quarter valued at $28,000. Ameriprise Financial Inc. acquired a new stake in Getty Images during the 4th quarter worth $28,000. Finally, Virtu Financial LLC purchased a new stake in shares of Getty Images during the fourth quarter worth $33,000. 45.75% of the stock is currently owned by hedge funds and other institutional investors.

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.