Insider Selling: Getty Images Holdings, Inc. (NYSE:GETY) Insider Sells 4,918 Shares of Stock

Getty Images Holdings, Inc. (NYSE:GETY) insider Michael Teaster sold 4,918 shares of the business’s stock in a transaction that occurred on Tuesday, March 25th. The shares were sold at an average price of $2.12, for a total transaction of $10,426.16. Following the sale, the insider now owns 242,627 shares in the company, valued at $514,369.24. This represents a 1.99 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Getty Images Price Performance

Getty Images stock traded down $0.05 on Thursday, reaching $1.93. The company’s stock had a trading volume of 1,292,671 shares, compared to its average volume of 1,099,211. Getty Images Holdings, Inc. has a twelve month low of $1.90 and a twelve month high of $4.49. The company 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 debt-to-equity ratio of 1.84, a quick ratio of 0.79 and a current ratio of 0.79. The business’s fifty day moving average price is $2.37 and its 200 day moving average price is $2.93.

Getty Images (NYSE:GETY) last announced its earnings results on Monday, March 17th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.05). Getty Images had a return on equity of 6.42% and a net margin of 5.91%. The company had revenue of $247.30 million for the quarter, compared to analyst estimates of $245.50 million. The company’s revenue for the quarter was up 9.5% compared to the same quarter last year. Equities analysts expect that Getty Images Holdings, Inc. will post 0.08 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

Hedge Funds Weigh In On Getty Images

Several large investors have recently bought and sold shares of GETY. Rhumbline Advisers grew its holdings in shares of Getty Images by 3.6% during the fourth quarter. Rhumbline Advisers now owns 125,421 shares of the company’s stock worth $271,000 after buying an additional 4,359 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in Getty Images by 15.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 36,897 shares of the company’s stock valued at $80,000 after buying an additional 4,826 shares during the last quarter. FMR LLC lifted its position in Getty Images by 5.0% during the 3rd quarter. FMR LLC now owns 166,221 shares of the company’s stock worth $633,000 after buying an additional 7,897 shares in the last quarter. ProShare Advisors LLC boosted its stake in shares of Getty Images by 49.0% during the 4th quarter. ProShare Advisors LLC now owns 28,255 shares of the company’s stock worth $61,000 after buying an additional 9,297 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of Getty Images by 25.4% in the 4th quarter. JPMorgan Chase & Co. now owns 46,590 shares of the company’s stock valued at $101,000 after acquiring an additional 9,434 shares in the last quarter. 45.75% of the stock is currently 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.