Insider Selling: Getty Images Holdings, Inc. (NYSE:GETY) Insider Sells $10,426.16 in Stock

Getty Images Holdings, Inc. (NYSE:GETY) insider Michael Teaster sold 4,918 shares of the business’s stock in a transaction that occurred on Tuesday, March 25th. The stock was sold at an average price of $2.12, for a total value of $10,426.16. Following the sale, the insider now directly owns 242,627 shares in the company, valued at $514,369.24. The trade was a 1.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Getty Images Trading Down 7.5 %

GETY stock opened at $1.79 on Friday. The company has a market capitalization of $736.43 million, a PE ratio of 14.88 and a beta of 1.97. The company has a debt-to-equity ratio of 1.84, a current ratio of 0.79 and a quick ratio of 0.79. Getty Images Holdings, Inc. has a 12 month low of $1.77 and a 12 month high of $4.49. The firm’s 50-day moving average is $2.35 and its 200 day moving average is $2.91.

Getty Images (NYSE:GETY) last announced 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 firm had revenue of $247.30 million during the quarter, compared to the consensus estimate of $245.50 million. Getty Images had a return on equity of 6.42% and a net margin of 5.91%. Getty Images’s quarterly revenue was up 9.5% compared to the same quarter last year. On average, research analysts anticipate that Getty Images Holdings, Inc. will post 0.08 EPS for the current year.

Analyst Upgrades and Downgrades

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

Institutional Trading of Getty Images

Several institutional investors and hedge funds have recently made changes to their positions in the company. Rhumbline Advisers increased its position in Getty Images by 3.6% during the 4th quarter. Rhumbline Advisers now owns 125,421 shares of the company’s stock valued at $271,000 after purchasing an additional 4,359 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in shares of Getty Images by 15.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 36,897 shares of the company’s stock valued at $80,000 after purchasing an additional 4,826 shares in the last quarter. FMR LLC increased its holdings in Getty Images by 5.0% during the third quarter. FMR LLC now owns 166,221 shares of the company’s stock valued at $633,000 after buying an additional 7,897 shares during the period. ProShare Advisors LLC raised its stake in Getty Images by 49.0% in the fourth quarter. ProShare Advisors LLC now owns 28,255 shares of the company’s stock worth $61,000 after buying an additional 9,297 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in Getty Images by 25.4% during the fourth quarter. JPMorgan Chase & Co. now owns 46,590 shares of the company’s stock worth $101,000 after buying an additional 9,434 shares during the period. 45.75% of the stock is currently 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.