Getty Images Holdings, Inc. (NYSE:GETY) SVP Cho Mikael Sells 18,590 Shares

Getty Images Holdings, Inc. (NYSE:GETY) SVP Cho Mikael sold 18,590 shares of the stock in a transaction that occurred on Tuesday, March 25th. The stock was sold at an average price of $2.12, for a total value of $39,410.80. Following the completion of the sale, the senior vice president now directly owns 123,862 shares of the company’s stock, valued at approximately $262,587.44. This trade represents a 13.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Getty Images Stock Down 2.3 %

Shares of NYSE GETY opened at $1.93 on Friday. 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 quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 1.84. The firm’s fifty day moving average is $2.37 and its 200 day moving average is $2.93. Getty Images Holdings, Inc. has a 52 week low of $1.89 and a 52 week high of $4.49.

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

Institutional Investors Weigh In On Getty Images

A number of institutional investors have recently made changes to their positions in GETY. Koch Inc. purchased a new position in Getty Images in the fourth quarter worth about $183,865,000. Toronto Dominion Bank purchased a new position in Getty Images during the 4th quarter valued at approximately $3,553,000. Vanguard Group Inc. lifted its position in Getty Images by 7.3% during the fourth quarter. Vanguard Group Inc. now owns 10,225,249 shares of the company’s stock valued at $22,087,000 after purchasing an additional 698,829 shares during the last quarter. State Street Corp increased its stake in Getty Images by 46.3% during the third quarter. State Street Corp now owns 1,474,167 shares of the company’s stock worth $5,617,000 after acquiring an additional 466,521 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its position in Getty Images by 71.2% in the fourth quarter. Bank of New York Mellon Corp now owns 352,388 shares of the company’s stock worth $761,000 after buying an additional 146,576 shares during the last quarter. Hedge funds and other institutional investors own 45.75% of the company’s stock.

Analyst Ratings Changes

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