Getty Images Holdings, Inc. (NYSE:GETY) VP Daine Marc Weston Sells 9,595 Shares

Getty Images Holdings, Inc. (NYSE:GETY) VP Daine Marc Weston sold 9,595 shares of the company’s stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of $2.12, for a total transaction of $20,341.40. Following the completion of the transaction, the vice president now owns 106,847 shares in the company, valued at approximately $226,515.64. This trade represents a 8.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Getty Images Trading Down 2.3 %

NYSE GETY opened at $1.93 on Friday. The firm has a market capitalization of $794.19 million, a PE ratio of 16.04 and a beta of 1.97. Getty Images Holdings, Inc. has a one year low of $1.89 and a one year high of $4.49. The company has a 50-day simple moving average of $2.37 and a 200-day simple moving average of $2.93. 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 (NYSE:GETY) last released its quarterly earnings data on Monday, March 17th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.05). The company had revenue of $247.30 million for the quarter, compared to analyst estimates of $245.50 million. Getty Images had a net margin of 5.91% and a return on equity of 6.42%. The business’s quarterly revenue was up 9.5% on a year-over-year basis. On average, equities analysts forecast that Getty Images Holdings, Inc. will post 0.08 earnings per share for the current year.

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Intech Investment Management LLC acquired a new stake in Getty Images in the third quarter worth about $44,000. BNP Paribas Financial Markets acquired a new stake in Getty Images in the fourth quarter worth approximately $27,000. Aristeia Capital L.L.C. bought a new position in Getty Images during the 4th quarter valued at $28,000. Ameriprise Financial Inc. acquired a new stake in shares of Getty Images in the fourth quarter valued at $28,000. Finally, Virtu Financial LLC bought a new position in Getty Images during the fourth quarter valued at about $33,000. Institutional investors and hedge funds own 45.75% of the company’s stock.

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.