Getty Images Holdings, Inc. (NYSE:GETY) CMO Gene Foca Sells 23,475 Shares

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 transaction of $49,767.00. Following the transaction, the chief marketing officer now owns 468,943 shares in the company, valued at approximately $994,159.16. The trade was a 4.77 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Getty Images Stock Performance

NYSE GETY opened at $1.93 on Friday. 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 company has a fifty day moving average price of $2.37 and a 200-day moving average price of $2.93. Getty Images Holdings, Inc. has a 1 year low of $1.89 and a 1 year high of $4.49. The firm has a market cap of $794.19 million, a price-to-earnings ratio of 16.04 and a beta of 1.97.

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

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Charles Schwab Investment Management Inc. lifted its holdings in shares of Getty Images by 12.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 524,987 shares of the company’s stock worth $2,000,000 after acquiring an additional 58,135 shares during the last quarter. Franklin Resources Inc. purchased a new position in shares of Getty Images in the 3rd quarter worth about $221,000. Barclays PLC raised its holdings in shares of Getty Images by 47.1% during the 3rd quarter. Barclays PLC now owns 156,216 shares of the company’s stock valued at $596,000 after buying an additional 49,995 shares in the last quarter. Jane Street Group LLC lifted its position in Getty Images by 139.8% in the 3rd quarter. Jane Street Group LLC now owns 67,712 shares of the company’s stock worth $258,000 after buying an additional 39,477 shares during the last quarter. Finally, State Street Corp boosted its stake in Getty Images by 46.3% in the third quarter. State Street Corp now owns 1,474,167 shares of the company’s stock worth $5,617,000 after buying an additional 466,521 shares in the last quarter. 45.75% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on GETY shares. Benchmark cut their price objective on shares of Getty Images from $6.00 to $4.50 and set a “buy” rating for the company in a research report on Tuesday, March 18th. Citigroup restated a “neutral” rating and issued a $2.45 target price on shares of Getty Images in a research report on Monday. JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of Getty Images in a research note on Wednesday, December 18th. Macquarie reissued a “neutral” rating and issued a $3.75 price objective on shares of Getty Images in a research note on Wednesday, January 8th. Finally, Wedbush reaffirmed an “outperform” rating and set a $7.70 target price on shares of Getty Images in a research note on Thursday, March 13th. One research 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. According to MarketBeat.com, Getty Images currently has an average rating of “Hold” and a consensus target price 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.