Getty Images Holdings, Inc. (NYSE:GETY) CFO Sells $62,766.84 in Stock

Getty Images Holdings, Inc. (NYSE:GETY) CFO Jennifer Leyden sold 29,607 shares of the stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of $2.12, for a total value of $62,766.84. Following the transaction, the chief financial officer now owns 278,072 shares in the company, valued at $589,512.64. This trade represents a 9.62 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Getty Images Price Performance

Shares of GETY stock opened at $1.79 on Friday. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.79 and a current ratio of 0.79. Getty Images Holdings, Inc. has a fifty-two week low of $1.77 and a fifty-two week high of $4.49. The firm has a market cap of $736.43 million, a P/E ratio of 14.88 and a beta of 1.97. The business’s 50 day moving average price is $2.35 and its 200-day moving average price is $2.91.

Getty Images (NYSE:GETY) last released its quarterly earnings results on Monday, March 17th. The company reported ($0.01) earnings per share for the quarter, missing the consensus estimate 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 the consensus estimate of $245.50 million. The company’s quarterly revenue was up 9.5% compared to the same quarter last year. On average, equities research analysts anticipate that Getty Images Holdings, Inc. will post 0.08 earnings per share for the current year.

Analyst Ratings Changes

GETY has been the topic of several research reports. Benchmark decreased their price target on shares of Getty Images from $6.00 to $4.50 and set a “buy” rating on the stock in a research note on Tuesday, March 18th. Citigroup restated a “neutral” rating and set a $2.45 target price on shares of Getty Images in a report on Monday, March 24th. Macquarie reaffirmed a “neutral” rating and issued a $3.75 price target on shares of Getty Images in a research note on Wednesday, January 8th. Wedbush restated an “outperform” rating and issued a $7.70 target price on shares of Getty Images in a report on Thursday, March 13th. Finally, JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Getty Images in a report on Wednesday, December 18th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $4.60.

Hedge Funds Weigh In On Getty Images

A number of institutional investors have recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. raised its position in shares of Getty Images by 12.5% in 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 in the last quarter. Franklin Resources Inc. purchased a new stake in Getty Images in the third quarter worth $221,000. Barclays PLC raised its holdings in Getty Images by 47.1% in the third quarter. Barclays PLC now owns 156,216 shares of the company’s stock worth $596,000 after purchasing an additional 49,995 shares in the last quarter. Jane Street Group LLC boosted its holdings in shares of Getty Images by 139.8% during the 3rd quarter. Jane Street Group LLC now owns 67,712 shares of the company’s stock valued at $258,000 after buying an additional 39,477 shares in the last quarter. Finally, State Street Corp grew its position in shares of Getty Images by 46.3% in the 3rd 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 during the period. 45.75% of the stock is owned by institutional investors.

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.