Kjelti Wilkes Kellough Sells 8,273 Shares of Getty Images Holdings, Inc. (NYSE:GETY) Stock

Getty Images Holdings, Inc. (NYSE:GETY) General Counsel Kjelti Wilkes Kellough sold 8,273 shares of Getty Images stock in a transaction that occurred on Tuesday, June 25th. The shares were sold at an average price of $3.23, for a total transaction of $26,721.79. Following the transaction, the general counsel now directly owns 246,750 shares in the company, valued at approximately $797,002.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Getty Images Price Performance

Shares of GETY stock traded up $0.07 during trading hours on Thursday, hitting $3.18. The stock had a trading volume of 1,162,258 shares, compared to its average volume of 454,181. The stock’s 50-day moving average price is $3.68 and its two-hundred day moving average price is $4.29. Getty Images Holdings, Inc. has a one year low of $2.93 and a one year high of $7.35. The stock has a market capitalization of $1.30 billion, a price-to-earnings ratio of 52.92 and a beta of 2.09. The company has a debt-to-equity ratio of 2.01, a current ratio of 0.86 and a quick ratio of 0.86.

Getty Images (NYSE:GETY) last issued its quarterly earnings data on Thursday, May 9th. The company reported $0.01 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.01. Getty Images had a return on equity of 9.18% and a net margin of 3.33%. The business had revenue of $222.28 million for the quarter, compared to analysts’ expectations of $223.29 million. Equities analysts forecast that Getty Images Holdings, Inc. will post 0.13 EPS for the current year.

Analysts Set New Price Targets

Several brokerages recently weighed in on GETY. Citigroup upped their target price on shares of Getty Images from $5.50 to $6.00 and gave the stock a “buy” rating in a report on Friday, March 15th. Wedbush reiterated an “outperform” rating and set a $7.70 target price on shares of Getty Images in a research report on Monday, May 6th. Finally, Benchmark lowered their price target on Getty Images from $8.00 to $6.00 and set a “buy” rating on the stock in a report on Friday, May 10th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $6.08.

Hedge Funds Weigh In On Getty Images

Institutional investors and hedge funds have recently made changes to their positions in the business. EntryPoint Capital LLC purchased a new position in shares of Getty Images in the 1st quarter worth approximately $47,000. Natixis bought a new stake in Getty Images in the first quarter worth $42,000. Fifth Lane Capital LP purchased a new position in Getty Images during the first quarter worth $104,000. Kessler Investment Group LLC bought a new position in Getty Images during the first quarter valued at $89,000. Finally, Victory Capital Management Inc. raised its stake in shares of Getty Images by 20.4% in the fourth quarter. Victory Capital Management Inc. now owns 25,309 shares of the company’s stock valued at $133,000 after acquiring an additional 4,281 shares during the period. 45.75% of the stock is owned by hedge funds and other institutional investors.

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.