Nathaniel Gandert Sells 4,096 Shares of Getty Images Holdings, Inc. (NYSE:GETY) 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 completion of the sale, the chief technology officer now directly owns 507,764 shares in the company, valued at approximately $1,833,028.04. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Getty Images Stock Performance

NYSE:GETY opened at $3.88 on Friday. Getty Images Holdings, Inc. has a twelve month low of $2.88 and a twelve month high of $6.57. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 1.92. The stock has a market cap of $1.59 billion, a P/E ratio of 64.67 and a beta of 2.05. The business’s 50-day moving average price is $3.55 and its two-hundred day moving average price is $3.72.

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

Institutional Trading of Getty Images

Several hedge funds and other institutional investors have recently bought and sold shares of GETY. Byrne Asset Management LLC boosted its holdings in shares of Getty Images by 95.7% during the second quarter. Byrne Asset Management LLC now owns 9,200 shares of the company’s stock worth $29,000 after purchasing an additional 4,500 shares during the period. Spartan Fund Management Inc. purchased a new stake in Getty Images in the second quarter worth $33,000. CIBC Asset Management Inc purchased a new stake in shares of Getty Images in the 2nd quarter worth about $36,000. Natixis purchased a new stake in Getty Images in the first quarter worth about $42,000. Finally, Principal Financial Group Inc. bought a new stake in Getty Images during the 2nd quarter valued at approximately $44,000. Institutional investors own 45.75% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Benchmark reiterated a “buy” rating and set a $6.00 price target on shares of Getty Images in a research note on Tuesday, August 13th. Citigroup cut their target price 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. Finally, Macquarie dropped their price target on shares of Getty Images from $4.00 to $3.50 and set a “neutral” rating on the stock in a research note on Monday, August 12th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus 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.