Craig Warren Peters Sells 124,624 Shares of Getty Images Holdings, Inc. (NYSE:GETY) Stock

Getty Images Holdings, Inc. (NYSE:GETY) CEO Craig Warren Peters sold 124,624 shares of the firm’s stock in a transaction on Tuesday, March 25th. The shares were sold at an average price of $2.12, for a total value of $264,202.88. Following the transaction, the chief executive officer now directly owns 1,262,948 shares of the company’s stock, valued at $2,677,449.76. This represents a 8.98 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Getty Images Price Performance

Shares of NYSE GETY traded down $0.05 during mid-day trading on Thursday, hitting $1.93. 1,292,671 shares of the company’s stock traded hands, compared to its average volume of 1,099,211. 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 1 year low of $1.90 and a 1 year high of $4.49. The company’s 50-day moving average is $2.37 and its two-hundred day moving average is $2.93. The company has a market capitalization of $794.19 million, a P/E ratio of 16.04 and a beta of 1.97.

Getty Images (NYSE:GETY) last announced its earnings results on Monday, March 17th. The company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.05). Getty Images had a return on equity of 6.42% and a net margin of 5.91%. The company had revenue of $247.30 million during the quarter, compared to analysts’ expectations of $245.50 million. The company’s revenue for the quarter was up 9.5% on a year-over-year basis. On average, equities analysts anticipate that Getty Images Holdings, Inc. will post 0.08 EPS for the current fiscal year.

Institutional Investors Weigh In On Getty Images

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Koch Inc. bought a new position in Getty Images during the 4th quarter valued at about $183,865,000. Toronto Dominion Bank purchased a new position in shares of Getty Images during the fourth quarter valued at approximately $3,553,000. Vanguard Group Inc. grew its stake in shares of Getty Images by 7.3% during the fourth quarter. Vanguard Group Inc. now owns 10,225,249 shares of the company’s stock valued at $22,087,000 after buying an additional 698,829 shares during the last quarter. State Street Corp raised its holdings in shares of Getty Images by 46.3% in the third quarter. State Street Corp now owns 1,474,167 shares of the company’s stock worth $5,617,000 after buying an additional 466,521 shares during the period. Finally, Bank of New York Mellon Corp lifted its stake in shares of Getty Images by 71.2% during the 4th quarter. Bank of New York Mellon Corp now owns 352,388 shares of the company’s stock worth $761,000 after acquiring an additional 146,576 shares during the last quarter. Hedge funds and other institutional investors own 45.75% of the company’s stock.

Wall Street Analyst Weigh In

GETY has been the topic of several research analyst reports. Wedbush reissued an “outperform” rating and set a $7.70 price target on shares of Getty Images in a report on Thursday, March 13th. Benchmark lowered their target price on shares of Getty Images from $6.00 to $4.50 and set a “buy” rating on the stock in a report on Tuesday, March 18th. JPMorgan Chase & Co. restated an “underweight” rating on shares of Getty Images in a research report on Wednesday, December 18th. Macquarie reiterated a “neutral” rating and issued a $3.75 price target on shares of Getty Images in a report on Wednesday, January 8th. Finally, Citigroup reissued a “neutral” rating and set a $2.45 price objective on shares of Getty Images in a report on Monday. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Getty Images has an average rating of “Hold” and a consensus price target of $4.60.

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.