Getty Images (NYSE:GETY) CMO Gene Foca Sells 31,576 Shares

Getty Images Holdings, Inc. (NYSE:GETY) CMO Gene Foca sold 31,576 shares of the firm’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 $24,629.28. Following the sale, the chief marketing officer owned 507,651 shares of the company’s stock, valued at approximately $395,967.78. This trade represents a 5.86% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Getty Images Trading Down 3.9%

GETY opened at $0.75 on Friday. Getty Images Holdings, Inc. has a 12-month low of $0.67 and a 12-month high of $3.21. The company has a debt-to-equity ratio of 2.12, a current ratio of 0.77 and a quick ratio of 0.77. The stock has a market capitalization of $312.07 million, a PE ratio of -1.49 and a beta of 2.13. The firm’s fifty day moving average price is $0.96 and its 200 day moving average price is $1.45.

Getty Images (NYSE:GETY) last announced its quarterly earnings data on Monday, March 16th. The company reported ($0.22) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.25). The company had revenue of $282.29 million for the quarter, compared to analyst estimates of $246.17 million. Getty Images had a negative return on equity of 25.05% and a negative net margin of 21.00%. As a group, research analysts expect that Getty Images Holdings, Inc. will post 0.08 EPS for the current fiscal year.

Key Headlines Impacting Getty Images

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. AQR Capital Management LLC boosted its holdings in shares of Getty Images by 1,201.6% in the 1st quarter. AQR Capital Management LLC now owns 275,296 shares of the company’s stock valued at $476,000 after buying an additional 254,146 shares during the period. Geode Capital Management LLC raised its stake in Getty Images by 14.0% during the second quarter. Geode Capital Management LLC now owns 1,866,490 shares of the company’s stock worth $3,099,000 after acquiring an additional 228,532 shares during the period. Creative Planning acquired a new stake in Getty Images during the second quarter worth about $75,000. Intech Investment Management LLC lifted its holdings in Getty Images by 19.3% in the second quarter. Intech Investment Management LLC now owns 68,843 shares of the company’s stock worth $114,000 after acquiring an additional 11,121 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in Getty Images by 43.8% in the second quarter. JPMorgan Chase & Co. now owns 2,434,545 shares of the company’s stock valued at $4,041,000 after acquiring an additional 742,008 shares during the period. 45.75% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

GETY has been the subject of several research analyst reports. Zacks Research lowered Getty Images from a “hold” rating to a “strong sell” rating in a report on Friday, March 20th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Getty Images in a report on Thursday, January 22nd. Finally, Citigroup decreased their target price on Getty Images from $1.85 to $0.85 and set a “neutral” rating for the company in a research report on Monday, February 23rd. One analyst has rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus price target of $3.78.

About Getty Images

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.