Getty Images Holdings, Inc. (NYSE:GETY) CTO Sells $14,786.56 in Stock

Getty Images Holdings, Inc. (NYSE:GETY) CTO Nathaniel Gandert sold 4,096 shares of Getty Images 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 $14,786.56. Following the sale, the chief technology officer now owns 507,764 shares of the company’s stock, valued at approximately $1,833,028.04. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Getty Images Stock Up 2.9 %

Getty Images stock opened at $3.88 on Friday. The company’s 50 day simple moving average is $3.55 and its 200 day simple moving average is $3.71. Getty Images Holdings, Inc. has a fifty-two week low of $2.88 and a fifty-two week high of $6.57. 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 debt-to-equity ratio of 1.92, a current ratio of 0.78 and a quick ratio of 0.78.

Getty Images (NYSE:GETY) last released its quarterly earnings data on Friday, August 9th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.01). Getty Images had a return on equity of 9.36% and a net margin of 4.19%. The firm had revenue of $229.14 million for the quarter, compared to the consensus estimate of $228.42 million. Getty Images’s revenue for the quarter was up 1.5% on a year-over-year basis. As a group, sell-side analysts anticipate that Getty Images Holdings, Inc. will post 0.11 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of GETY. Byrne Asset Management LLC lifted its stake in Getty Images by 95.7% in 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 in the last quarter. Spartan Fund Management Inc. bought a new position in Getty Images in the second quarter valued at approximately $33,000. CIBC Asset Management Inc bought a new position in Getty Images in the second quarter valued at approximately $36,000. Natixis bought a new position in Getty Images in the first quarter valued at approximately $42,000. Finally, Principal Financial Group Inc. bought a new position in Getty Images in the second quarter valued at approximately $44,000. Institutional investors own 45.75% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on GETY shares. Citigroup lowered their price target 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. Macquarie lowered their price target 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. Finally, Benchmark reiterated a “buy” rating and set a $6.00 price target on shares of Getty Images in a research report on Tuesday, August 13th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price 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.