Jennifer Leyden Sells 12,124 Shares of Getty Images Holdings, Inc. (NYSE:GETY) Stock

Getty Images Holdings, Inc. (NYSE:GETY) CFO Jennifer Leyden sold 12,124 shares of the business’s stock in a transaction that occurred on Tuesday, September 24th. The stock was 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 of the company’s stock, valued at $986,887.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Getty Images Price Performance

Shares of Getty Images stock opened at $3.88 on Friday. The firm has a fifty day simple moving average of $3.55 and a 200-day simple moving average of $3.72. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 1.92. Getty Images Holdings, Inc. has a 1-year low of $2.88 and a 1-year high of $6.57. The stock has a market capitalization of $1.59 billion, a price-to-earnings ratio of 64.67 and a beta of 2.05.

Getty Images (NYSE:GETY) last released its earnings results on Friday, August 9th. The company reported $0.01 EPS for the quarter, missing the consensus estimate 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 net margin of 4.19% and a return on equity of 9.36%. The company’s quarterly revenue was up 1.5% on a year-over-year basis. On average, sell-side analysts expect that Getty Images Holdings, Inc. will post 0.11 earnings per share for the current year.

Analysts Set New Price Targets

GETY has been the subject of several recent research reports. Macquarie decreased their target price on shares of Getty Images from $4.00 to $3.50 and set a “neutral” rating for the company in a research report on Monday, August 12th. Benchmark restated a “buy” rating and issued a $6.00 price objective on shares of Getty Images in a research note on Tuesday, August 13th. Finally, Citigroup reduced their price objective on shares of Getty Images from $6.00 to $5.00 and set a “buy” rating for the company in a research note on Tuesday, August 13th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Getty Images presently has an average rating of “Moderate Buy” and an average target price of $5.64.

Hedge Funds Weigh In On Getty Images

Large investors have recently bought and sold shares of the stock. Byrne Asset Management LLC raised its stake in Getty Images by 95.7% during the 2nd quarter. Byrne Asset Management LLC now owns 9,200 shares of the company’s stock valued at $29,000 after purchasing an additional 4,500 shares during the last quarter. Spartan Fund Management Inc. acquired a new position in shares of Getty Images in the 2nd quarter valued at $33,000. Natixis bought a new position in shares of Getty Images during the 1st quarter worth about $42,000. CIBC Asset Management Inc acquired a new stake in shares of Getty Images during the 2nd quarter valued at about $36,000. Finally, EntryPoint Capital LLC acquired a new stake in shares of Getty Images during the 1st quarter valued at about $47,000. 45.75% of the stock is currently owned by institutional investors and hedge funds.

About Getty Images

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.