Getty Images Holdings, Inc. (NYSE:GETY) CEO Sells $106,515.71 in Stock

Getty Images Holdings, Inc. (NYSE:GETY) CEO Craig Warren Peters sold 32,977 shares of the company’s 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 $106,515.71. Following the transaction, the chief executive officer now owns 1,211,071 shares in the company, valued at approximately $3,911,759.33. The sale was disclosed in a filing with the SEC, which is available at this link.

Getty Images Stock Performance

Shares of NYSE GETY opened at $3.26 on Friday. The company’s fifty day moving average price is $3.66 and its 200 day moving average price is $4.27. Getty Images Holdings, Inc. has a 1 year low of $2.93 and a 1 year high of $7.35. The company has a market capitalization of $1.33 billion, a PE ratio of 54.33 and a beta of 2.09. The company has a debt-to-equity ratio of 2.01, a quick ratio of 0.86 and a current ratio of 0.86.

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

Analysts Set New Price Targets

A number of analysts have recently weighed in on GETY shares. Benchmark cut their price objective on shares of Getty Images from $8.00 to $6.00 and set a “buy” rating on the stock in a research note on Friday, May 10th. Wedbush reiterated an “outperform” rating and issued a $7.70 price objective on shares of Getty Images in a research note on Monday, May 6th. Finally, Citigroup increased their price objective on shares of Getty Images from $5.50 to $6.00 and gave the stock a “buy” rating in a research note on Friday, March 15th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $6.08.

Hedge Funds Weigh In On Getty Images

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. purchased a new position in Getty Images during the third quarter valued at $52,554,000. EULAV Asset Management lifted its holdings in Getty Images by 37.5% during the third quarter. EULAV Asset Management now owns 550,000 shares of the company’s stock valued at $3,570,000 after purchasing an additional 150,000 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in Getty Images by 20.4% during the fourth quarter. Victory Capital Management Inc. now owns 25,309 shares of the company’s stock valued at $133,000 after purchasing an additional 4,281 shares in the last quarter. Corton Capital Inc. lifted its holdings in Getty Images by 49.3% during the third quarter. Corton Capital Inc. now owns 16,864 shares of the company’s stock valued at $109,000 after purchasing an additional 5,571 shares in the last quarter. Finally, EntryPoint Capital LLC purchased a new position in Getty Images during the first quarter valued at $47,000. 45.75% of the stock is owned by hedge funds and other 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.