Daine Marc Weston Sells 9,595 Shares of Getty Images Holdings, Inc. (NYSE:GETY) Stock

Getty Images Holdings, Inc. (NYSE:GETY) VP Daine Marc Weston sold 9,595 shares of Getty Images stock in a transaction on Tuesday, March 25th. The stock was sold at an average price of $2.12, for a total value of $20,341.40. Following the sale, the vice president now directly owns 106,847 shares of the company’s stock, valued at $226,515.64. This represents a 8.24 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Getty Images Trading Down 2.3 %

GETY traded down $0.05 during trading on Thursday, hitting $1.93. The company’s stock had a trading volume of 1,292,671 shares, compared to its average volume of 1,099,211. The stock’s fifty day moving average price is $2.37 and its 200-day moving average price is $2.93. The firm has a market capitalization of $794.19 million, a P/E ratio of 16.04 and a beta of 1.97. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 1.84. Getty Images Holdings, Inc. has a twelve month low of $1.90 and a twelve month high of $4.49.

Getty Images (NYSE:GETY) last issued 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 net margin of 5.91% and a return on equity of 6.42%. The firm had revenue of $247.30 million during the quarter, compared to the consensus estimate of $245.50 million. The firm’s revenue for the quarter was up 9.5% on a year-over-year basis. Analysts anticipate that Getty Images Holdings, Inc. will post 0.08 EPS for the current year.

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Charles Schwab Investment Management Inc. raised its holdings in shares of Getty Images by 12.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 524,987 shares of the company’s stock valued at $2,000,000 after purchasing an additional 58,135 shares during the last quarter. Franklin Resources Inc. bought a new position in Getty Images during the third quarter worth about $221,000. Barclays PLC boosted its holdings in Getty Images by 47.1% in the 3rd quarter. Barclays PLC now owns 156,216 shares of the company’s stock worth $596,000 after buying an additional 49,995 shares during the period. Jane Street Group LLC grew its position in shares of Getty Images by 139.8% in the third quarter. Jane Street Group LLC now owns 67,712 shares of the company’s stock valued at $258,000 after purchasing an additional 39,477 shares in the last quarter. Finally, State Street Corp grew its holdings in Getty Images by 46.3% during the 3rd quarter. State Street Corp now owns 1,474,167 shares of the company’s stock valued at $5,617,000 after buying an additional 466,521 shares in the last quarter. 45.75% of the stock is currently owned by institutional investors and hedge funds.

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.