Getty Images Holdings, Inc. (NYSE:GETY) VP Sells $20,341.40 in Stock

Getty Images Holdings, Inc. (NYSE:GETY) VP Daine Marc Weston sold 9,595 shares of the 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 transaction, the vice president now directly owns 106,847 shares in the company, valued at approximately $226,515.64. This represents a 8.24 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Getty Images Price Performance

GETY opened at $1.79 on Friday. Getty Images Holdings, Inc. has a 52-week low of $1.77 and a 52-week high of $4.49. The company has a 50 day moving average of $2.35 and a two-hundred day moving average of $2.91. The company has a market cap of $736.43 million, a P/E ratio of 14.88 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 (NYSE:GETY) last announced its quarterly earnings results on Monday, March 17th. The company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.05). The business 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 firm’s revenue for the quarter was up 9.5% on a year-over-year basis. On average, analysts expect that Getty Images Holdings, Inc. will post 0.08 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Wedbush reiterated an “outperform” rating and issued a $7.70 target price on shares of Getty Images in a research note on Thursday, March 13th. JPMorgan Chase & Co. reissued an “underweight” rating on shares of Getty Images in a research report on Wednesday, December 18th. Macquarie restated a “neutral” rating and issued a $3.75 target price on shares of Getty Images in a report on Wednesday, January 8th. Benchmark cut their price target on shares of Getty Images from $6.00 to $4.50 and set a “buy” rating on the stock in a research note on Tuesday, March 18th. Finally, Citigroup reissued a “neutral” rating and set a $2.45 price objective on shares of Getty Images in a research note on Monday, March 24th. One equities research 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.com, the stock has an average rating of “Hold” and a consensus target price of $4.60.

Institutional Investors Weigh In On Getty Images

Several hedge funds have recently modified their holdings of GETY. Intech Investment Management LLC acquired a new stake in shares of Getty Images during the third quarter valued at about $44,000. BNP Paribas Financial Markets purchased a new position in Getty Images in the fourth quarter valued at about $27,000. Aristeia Capital L.L.C. acquired a new stake in Getty Images during the 4th quarter valued at approximately $28,000. Ameriprise Financial Inc. purchased a new stake in Getty Images during the 4th quarter worth approximately $28,000. Finally, Virtu Financial LLC acquired a new position in shares of Getty Images in the 4th quarter valued at approximately $33,000. 45.75% of the stock is currently owned by hedge funds and other institutional investors.

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.