Insider Selling: Getty Images Holdings, Inc. (NYSE:GETY) CFO Sells $43,767.64 in Stock

Getty Images Holdings, Inc. (NYSE:GETY) CFO Jennifer Leyden sold 12,124 shares of the stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $3.61, for a total transaction of $43,767.64. Following the completion of the sale, the chief financial officer now directly owns 273,376 shares in the company, valued at approximately $986,887.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Getty Images Trading Up 2.9 %

Shares of GETY opened at $3.88 on Friday. The company has a debt-to-equity ratio of 1.92, a current ratio of 0.78 and a quick ratio of 0.78. The firm 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 50-day moving average of $3.55 and a 200 day moving average of $3.71. Getty Images Holdings, Inc. has a 1-year low of $2.88 and a 1-year high of $6.57.

Getty Images (NYSE:GETY) last announced its quarterly 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). Getty Images had a net margin of 4.19% and a return on equity of 9.36%. The firm had revenue of $229.14 million during the quarter, compared to analysts’ expectations of $228.42 million. The company’s revenue for the quarter was up 1.5% compared to the same quarter last year. On average, research analysts expect that Getty Images Holdings, Inc. will post 0.11 EPS for the current year.

Institutional Investors Weigh In On Getty Images

Hedge funds have recently made changes to their positions in the company. Byrne Asset Management LLC increased its stake 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 valued at $29,000 after buying an additional 4,500 shares during the period. Dimensional Fund Advisors LP increased its position in Getty Images by 18.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 47,447 shares of the company’s stock valued at $155,000 after purchasing an additional 7,267 shares during the period. Spartan Fund Management Inc. bought a new stake in shares of Getty Images in the 2nd quarter valued at about $33,000. Natixis purchased a new stake in shares of Getty Images in the 1st quarter worth approximately $42,000. Finally, Kessler Investment Group LLC lifted its position in shares of Getty Images by 47.6% in the 2nd quarter. Kessler Investment Group LLC now owns 31,580 shares of the company’s stock worth $103,000 after purchasing an additional 10,178 shares during the period. 45.75% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

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.