Insider Selling: Getty Images (NYSE:GETY) VP Sells 12,928 Shares of Stock

Getty Images Holdings, Inc. (NYSE:GETY) VP Daine Marc Weston sold 12,928 shares of the company’s stock in a transaction that occurred on Wednesday, March 25th. The shares were sold at an average price of $0.78, for a total value of $10,083.84. Following the sale, the vice president owned 142,159 shares in the company, valued at $110,884.02. The trade was a 8.34% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Getty Images Trading Down 3.9%

NYSE:GETY opened at $0.75 on Friday. The company has a market cap of $312.07 million, a PE ratio of -1.49 and a beta of 2.13. The business’s 50 day moving average is $0.96 and its two-hundred day moving average is $1.45. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 2.12. Getty Images Holdings, Inc. has a 52 week low of $0.67 and a 52 week high of $3.21.

Getty Images (NYSE:GETY) last issued its quarterly earnings results on Monday, March 16th. The company reported ($0.22) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.25). The firm had revenue of $282.29 million during the quarter, compared to the consensus estimate of $246.17 million. Getty Images had a negative net margin of 21.00% and a negative return on equity of 25.05%. On average, analysts predict that Getty Images Holdings, Inc. will post 0.08 EPS for the current year.

Key Getty Images News

Here are the key news stories impacting Getty Images this week:

• Neutral Sentiment: Insider sales can reflect personal liquidity needs, option exercises or diversification rather than loss of confidence; however, clustered sales by many senior executives are typically viewed negatively by the market.
• Negative Sentiment: CEO Craig Warren Peters sold 167,403 shares (~11.49% reduction), receiving $130,574.34. This is the largest single insider sale reported and is likely the most impactful on sentiment. CEO Sale Filing
• Negative Sentiment: Grant Farhall sold 42,022 shares (12.73% reduction), proceeds ~$32,777. Grant Farhall Filing
• Negative Sentiment: CMO Gene Foca sold 31,576 shares (5.86% reduction), proceeds ~$24,629. Gene Foca Filing
• Negative Sentiment: CFO Jennifer Leyden sold 31,576 shares (9.06% reduction), proceeds ~$24,629. Jennifer Leyden Filing
• Negative Sentiment: SVP Kenneth Arrigo Mainardis sold 29,565 shares (11.96% reduction), proceeds ~$23,060. Kenneth Arrigo Filing
• Negative Sentiment: SVP Peter Orlowsky sold 22,081 shares (8.03% reduction), proceeds ~$17,223. Peter Orlowsky Filing
• Negative Sentiment: CTO Nathaniel Gandert sold 21,349 shares (3.49% reduction), proceeds ~$16,652. Nathaniel Gandert Filing
• Negative Sentiment: VP Daine Marc Weston sold 12,928 shares (8.34% reduction), proceeds ~$10,084. Daine Marc Weston Filing
• Negative Sentiment: Cho Mikael (SVP) reported two sales totaling 26,476 shares (combined ~18.44% & 5.30 reductions), proceeds combined ~$20,650. Cho Mikael Filing
• Negative Sentiment: Insider Michael Teaster sold 6,587 shares (2.47% reduction), proceeds ~$5,138. Michael Teaster Filing

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Zacks Research cut shares of Getty Images from a “hold” rating to a “strong sell” rating in a report on Friday, March 20th. Citigroup dropped their price objective on shares of Getty Images from $1.85 to $0.85 and set a “neutral” rating on the stock in a research note on Monday, February 23rd. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Getty Images in a research note on Thursday, January 22nd. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Getty Images presently has a consensus rating of “Reduce” and a consensus target price of $3.78.

Institutional Investors Weigh In On Getty Images

A number of hedge funds have recently added to or reduced their stakes in the stock. State of Alaska Department of Revenue acquired a new position in shares of Getty Images during the third quarter valued at $25,000. Cerity Partners LLC bought a new position in shares of Getty Images during the second quarter worth about $32,000. Certuity LLC acquired a new stake in shares of Getty Images in the 4th quarter worth about $33,000. Wealth Enhancement Advisory Services LLC lifted its position in Getty Images by 47.2% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 15,870 shares of the company’s stock valued at $33,000 after purchasing an additional 5,089 shares during the last quarter. Finally, Founders Financial Securities LLC bought a new stake in Getty Images in the 4th quarter valued at about $35,000. 45.75% of the stock is currently owned by institutional investors.

Getty Images Company Profile

Getty Images (NYSE: GETY) is a leading global provider of digital visual content, offering an extensive library of stock photography, editorial imagery, video footage and music. The company supplies creative and rights-managed assets to a broad range of industries, including advertising, media, corporate communications and publishing. Through its online platform and licensing services, Getty Images enables customers to search, license and download multimedia content for commercial and editorial use.

Founded in 1995 by Mark Getty and Jonathan Klein, Getty Images pioneered the aggregation of photographic archives into a centralized, digital marketplace.