Getty Images Holdings, Inc. (NYSE:GETY) SVP Sells $21,623.90 in Stock

Getty Images Holdings, Inc. (NYSE:GETY) SVP Kenneth Arrigo Mainardis sold 5,990 shares of the stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $3.61, for a total transaction of $21,623.90. Following the completion of the sale, the senior vice president now directly owns 215,013 shares in the company, valued at approximately $776,196.93. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Getty Images Price Performance

Shares of GETY stock opened at $3.88 on Friday. Getty Images Holdings, Inc. has a twelve month low of $2.88 and a twelve month high of $6.57. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 1.92. The stock has a fifty day simple moving average of $3.55 and a two-hundred day simple moving average of $3.72. The stock has a market capitalization of $1.59 billion, a price-to-earnings ratio of 64.67 and a beta of 2.05.

Getty Images (NYSE:GETY) last issued its earnings results on Friday, August 9th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.01). Getty Images had a return on equity of 9.36% and a net margin of 4.19%. The business had revenue of $229.14 million for the quarter, compared to the consensus estimate of $228.42 million. The company’s revenue for the quarter was up 1.5% on a year-over-year basis. On average, analysts predict that Getty Images Holdings, Inc. will post 0.11 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on GETY shares. Citigroup reduced their price target on Getty Images from $6.00 to $5.00 and set a “buy” rating on the stock in a report on Tuesday, August 13th. Benchmark reiterated a “buy” rating and issued a $6.00 target price on shares of Getty Images in a research note on Tuesday, August 13th. Finally, Macquarie lowered their target price on shares of Getty Images from $4.00 to $3.50 and set a “neutral” rating for the company in a research note on Monday, August 12th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $5.64.

Hedge Funds Weigh In On Getty Images

Several institutional investors have recently bought and sold shares of GETY. Ninety One UK Ltd purchased a new stake in Getty Images during the second quarter worth $583,000. Bank of New York Mellon Corp bought a new position in shares of Getty Images in the 2nd quarter worth $910,000. Natixis bought a new stake in Getty Images during the first quarter valued at about $42,000. Nisa Investment Advisors LLC purchased a new position in Getty Images in the second quarter valued at about $49,000. Finally, EntryPoint Capital LLC bought a new position in Getty Images in the first quarter worth about $47,000. 45.75% of the stock is 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.