Getty Images Holdings, Inc. (NYSE:GETY) CMO Sells $21,883.82 in Stock

Getty Images Holdings, Inc. (NYSE:GETY) CMO Gene Foca sold 6,062 shares of the company’s stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $3.61, for a total value of $21,883.82. Following the completion of the sale, the chief marketing officer now owns 451,947 shares in the company, valued at $1,631,528.67. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Getty Images Stock Performance

Getty Images stock opened at $3.88 on Friday. The stock has a 50-day simple moving average of $3.55 and a 200 day simple moving average of $3.71. The stock has a market capitalization of $1.59 billion, a price-to-earnings ratio of 64.67 and a beta of 2.05. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 1.92. Getty Images Holdings, Inc. has a 12-month low of $2.88 and a 12-month high of $6.57.

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

Wall Street Analyst Weigh In

Several brokerages have recently commented on GETY. Citigroup reduced their target price on shares of Getty Images from $6.00 to $5.00 and set a “buy” rating on the stock in a research note on Tuesday, August 13th. Macquarie reduced their price target on shares of Getty Images from $4.00 to $3.50 and set a “neutral” rating on the stock in a research report on Monday, August 12th. Finally, Benchmark reaffirmed a “buy” rating and set a $6.00 price objective on shares of Getty Images in a research note on Tuesday, August 13th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $5.64.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Byrne Asset Management LLC raised its position in shares of Getty Images by 95.7% during the second quarter. Byrne Asset Management LLC now owns 9,200 shares of the company’s stock worth $29,000 after acquiring an additional 4,500 shares during the last quarter. Spartan Fund Management Inc. acquired a new stake in Getty Images in the second quarter worth about $33,000. CIBC Asset Management Inc bought a new stake in Getty Images during the 2nd quarter worth about $36,000. Natixis bought a new stake in Getty Images during the 1st quarter worth about $42,000. Finally, Principal Financial Group Inc. acquired a new position in Getty Images during the 2nd quarter valued at about $44,000. 45.75% of the stock is currently 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.