Getty Images Holdings, Inc. (NYSE:GETY) CMO Sells $49,767.00 in Stock

Getty Images Holdings, Inc. (NYSE:GETY) CMO Gene Foca sold 23,475 shares of the business’s stock in a transaction that occurred on Tuesday, March 25th. The stock was sold at an average price of $2.12, for a total value of $49,767.00. Following the sale, the chief marketing officer now directly owns 468,943 shares in the company, valued at $994,159.16. This trade represents a 4.77 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Getty Images Price Performance

Getty Images stock traded down $0.05 during midday trading on Thursday, reaching $1.93. 1,292,671 shares of the company were exchanged, compared to its average volume of 1,099,211. The firm’s 50-day simple moving average is $2.37 and its 200-day simple moving average is $2.93. Getty Images Holdings, Inc. has a 1 year low of $1.90 and a 1 year high of $4.49. The company has a market capitalization of $794.19 million, a price-to-earnings ratio of 16.04 and a beta of 1.97. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.79 and a current ratio of 0.79.

Getty Images (NYSE:GETY) last issued its quarterly 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). The firm had revenue of $247.30 million for the quarter, compared to analysts’ expectations of $245.50 million. Getty Images had a return on equity of 6.42% and a net margin of 5.91%. The company’s revenue was up 9.5% compared to the same quarter last year. On average, analysts anticipate that Getty Images Holdings, Inc. will post 0.08 EPS for the current year.

Institutional Trading of Getty Images

Hedge funds and other institutional investors have recently bought and sold shares of the company. Koch Inc. acquired a new stake in shares of Getty Images during the fourth quarter worth $183,865,000. Vanguard Group Inc. lifted its position in Getty Images by 7.3% during the fourth quarter. Vanguard Group Inc. now owns 10,225,249 shares of the company’s stock worth $22,087,000 after buying an additional 698,829 shares during the period. Geode Capital Management LLC lifted its position in Getty Images by 0.7% during the fourth quarter. Geode Capital Management LLC now owns 1,675,635 shares of the company’s stock worth $3,620,000 after buying an additional 11,680 shares during the period. Toronto Dominion Bank acquired a new stake in Getty Images in the 4th quarter worth about $3,553,000. Finally, State Street Corp grew its holdings in Getty Images by 46.3% in 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 during the period. 45.75% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have commented on the company. Benchmark decreased their target price on Getty Images from $6.00 to $4.50 and set a “buy” rating on the stock in a research report on Tuesday, March 18th. Citigroup reiterated a “neutral” rating and issued a $2.45 price objective on shares of Getty Images in a research report on Monday. Macquarie restated a “neutral” rating and set a $3.75 target price on shares of Getty Images in a report on Wednesday, January 8th. Wedbush reaffirmed an “outperform” rating and issued a $7.70 price target on shares of Getty Images in a report on Thursday, March 13th. Finally, JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Getty Images in a research report on Wednesday, December 18th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $4.60.

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.