Craig Warren Peters Sells 32,170 Shares of Getty Images Holdings, Inc. (NYSE:GETY) Stock

Getty Images Holdings, Inc. (NYSE:GETY) CEO Craig Warren Peters sold 32,170 shares of the stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $3.61, for a total value of $116,133.70. Following the sale, the chief executive officer now directly owns 1,245,401 shares in the company, valued at approximately $4,495,897.61. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Getty Images Price Performance

Shares of GETY stock opened at $3.88 on Friday. The business has a fifty day simple moving average of $3.55 and a 200 day simple moving average of $3.72. The company has a market cap of $1.59 billion, a P/E 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 twelve month low of $2.88 and a twelve month high of $6.57.

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

Institutional Trading of Getty Images

A number of hedge funds and other institutional investors have recently modified their holdings of GETY. Byrne Asset Management LLC boosted its holdings in shares of 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 acquiring an additional 4,500 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Getty Images by 18.1% during the second 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 in the last quarter. Spartan Fund Management Inc. bought a new stake in shares of Getty Images during the second quarter worth about $33,000. Natixis acquired a new position in shares of Getty Images in the first quarter valued at approximately $42,000. Finally, Kessler Investment Group LLC raised its holdings in Getty Images by 47.6% in the 2nd quarter. Kessler Investment Group LLC now owns 31,580 shares of the company’s stock valued at $103,000 after buying an additional 10,178 shares during the last quarter. Institutional investors own 45.75% of the company’s stock.

Analysts Set New Price Targets

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

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.