Insider Selling: Getty Images Holdings, Inc. (NYSE:GETY) CFO Sells $62,766.84 in Stock

Getty Images Holdings, Inc. (NYSE:GETY) CFO Jennifer Leyden sold 29,607 shares of Getty Images stock in a transaction on Tuesday, March 25th. The stock was sold at an average price of $2.12, for a total transaction of $62,766.84. Following the sale, the chief financial officer now owns 278,072 shares in the company, valued at $589,512.64. This represents a 9.62 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Getty Images Stock Performance

NYSE:GETY opened at $1.79 on Friday. The stock has a market capitalization of $736.43 million, a P/E ratio of 14.88 and a beta of 1.97. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.84. Getty Images Holdings, Inc. has a 1 year low of $1.77 and a 1 year high of $4.49. The firm has a 50 day moving average of $2.35 and a 200-day moving average of $2.91.

Getty Images (NYSE:GETY) last issued its quarterly earnings data on Monday, March 17th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.05). The business had revenue of $247.30 million during the quarter, compared to the consensus estimate of $245.50 million. Getty Images had a net margin of 5.91% and a return on equity of 6.42%. The company’s revenue for the quarter was up 9.5% on a year-over-year basis. As a group, sell-side analysts anticipate that Getty Images Holdings, Inc. will post 0.08 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on GETY. Citigroup reiterated a “neutral” rating and set a $2.45 target price on shares of Getty Images in a research report on Monday, March 24th. JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of Getty Images in a report on Wednesday, December 18th. Macquarie reissued a “neutral” rating and issued a $3.75 target price on shares of Getty Images in a report on Wednesday, January 8th. Wedbush reaffirmed an “outperform” rating and issued a $7.70 price target on shares of Getty Images in a research note on Thursday, March 13th. Finally, Benchmark dropped their price objective on Getty Images from $6.00 to $4.50 and set a “buy” rating for the company in a research note on Tuesday, March 18th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $4.60.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Victory Capital Management Inc. increased its position in Getty Images by 138.5% in the 3rd quarter. Victory Capital Management Inc. now owns 59,145 shares of the company’s stock valued at $225,000 after acquiring an additional 34,349 shares in the last quarter. Intech Investment Management LLC acquired a new stake in shares of Getty Images in the third quarter valued at approximately $44,000. Charles Schwab Investment Management Inc. increased its holdings in shares of Getty Images by 12.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 524,987 shares of the company’s stock valued at $2,000,000 after purchasing an additional 58,135 shares in the last quarter. FMR LLC lifted its holdings in Getty Images by 5.0% during the 3rd quarter. FMR LLC now owns 166,221 shares of the company’s stock worth $633,000 after buying an additional 7,897 shares in the last quarter. Finally, MetLife Investment Management LLC boosted its position in Getty Images by 129.1% in the 3rd quarter. MetLife Investment Management LLC now owns 60,238 shares of the company’s stock valued at $230,000 after buying an additional 33,942 shares during the last quarter. 45.75% of the stock is owned by institutional investors.

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.