Insider Selling: Getty Images Holdings, Inc. (NYSE:GETY) CMO Sells $49,767.00 in Stock

Getty Images Holdings, Inc. (NYSE:GETY) CMO Gene Foca sold 23,475 shares of the business’s stock in a transaction on Tuesday, March 25th. The stock was sold at an average price of $2.12, for a total value of $49,767.00. Following the sale, the chief marketing officer now owns 468,943 shares of the company’s stock, valued at approximately $994,159.16. The trade was a 4.77 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Getty Images Stock Down 7.5 %

Shares of NYSE GETY opened at $1.79 on Friday. The firm has a 50 day moving average price of $2.35 and a 200 day moving average price of $2.91. 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 stock has a market cap of $736.43 million, a P/E 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 released its quarterly earnings data on Monday, March 17th. The company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.05). The firm had revenue of $247.30 million during the quarter, compared to the consensus estimate of $245.50 million. Getty Images had a net margin of 5.91% and a return on equity of 6.42%. The business’s quarterly revenue was up 9.5% on a year-over-year basis. Analysts expect that Getty Images Holdings, Inc. will post 0.08 EPS for the current year.

Analyst Ratings Changes

Several brokerages have weighed in on GETY. Macquarie reissued a “neutral” rating and set a $3.75 price objective on shares of Getty Images in a report on Wednesday, January 8th. Benchmark dropped their price target on shares of Getty Images from $6.00 to $4.50 and set a “buy” rating for the company in a research note on Tuesday, March 18th. Citigroup reaffirmed a “neutral” rating and set a $2.45 target price on shares of Getty Images in a report on Monday, March 24th. JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Getty Images in a research report on Wednesday, December 18th. Finally, Wedbush restated an “outperform” rating and issued a $7.70 price target on shares of Getty Images in a research report on Thursday, March 13th. 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 company’s stock. Based on data from MarketBeat, Getty Images has a consensus rating of “Hold” and an average price target of $4.60.

Institutional Investors Weigh In On Getty Images

A number of hedge funds have recently modified their holdings of the business. Intech Investment Management LLC acquired a new position in shares of Getty Images in the 3rd quarter valued at approximately $44,000. BNP Paribas Financial Markets bought a new position in Getty Images in the fourth quarter valued at approximately $27,000. Aristeia Capital L.L.C. acquired a new position in shares of Getty Images in the fourth quarter valued at approximately $28,000. Ameriprise Financial Inc. bought a new stake in shares of Getty Images during the fourth quarter worth $28,000. Finally, Virtu Financial LLC acquired a new stake in shares of Getty Images during the fourth quarter worth $33,000. Institutional investors and hedge funds 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.