Insider Selling: Getty Images Holdings, Inc. (NYSE:GETY) General Counsel Sells 8,273 Shares of Stock

Getty Images Holdings, Inc. (NYSE:GETY) General Counsel Kjelti Wilkes Kellough sold 8,273 shares of the company’s stock in a transaction on Tuesday, June 25th. The shares were sold at an average price of $3.23, for a total transaction of $26,721.79. Following the completion of the transaction, the general counsel now owns 246,750 shares of the company’s stock, valued at approximately $797,002.50. The sale was disclosed in a filing with the SEC, which is available at this link.

Getty Images Stock Up 2.5 %

Shares of Getty Images stock opened at $3.26 on Friday. The company has a market cap of $1.33 billion, a P/E ratio of 54.33 and a beta of 2.09. The company has a debt-to-equity ratio of 2.01, a quick ratio of 0.86 and a current ratio of 0.86. Getty Images Holdings, Inc. has a one year low of $2.93 and a one year high of $7.35. The firm has a fifty day moving average of $3.66 and a two-hundred day moving average of $4.27.

Getty Images (NYSE:GETY) last announced its quarterly earnings data on Thursday, May 9th. The company reported $0.01 EPS for the quarter, hitting analysts’ consensus estimates of $0.01. The company had revenue of $222.28 million during the quarter, compared to the consensus estimate of $223.29 million. Getty Images had a net margin of 3.33% and a return on equity of 9.18%. On average, analysts forecast that Getty Images Holdings, Inc. will post 0.13 earnings per share for the current year.

Hedge Funds Weigh In On Getty Images

A number of large investors have recently bought and sold shares of the company. Natixis acquired a new position in shares of Getty Images during the 1st quarter worth $42,000. EntryPoint Capital LLC acquired a new position in shares of Getty Images during the 1st quarter worth $47,000. Kessler Investment Group LLC acquired a new position in shares of Getty Images during the 1st quarter worth $89,000. Fifth Lane Capital LP acquired a new position in shares of Getty Images during the 1st quarter worth $104,000. Finally, Corton Capital Inc. grew its stake in shares of Getty Images by 49.3% during the 3rd quarter. Corton Capital Inc. now owns 16,864 shares of the company’s stock worth $109,000 after purchasing an additional 5,571 shares during the period. Hedge funds and other institutional investors own 45.75% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on GETY shares. Benchmark lowered their target price on shares of Getty Images from $8.00 to $6.00 and set a “buy” rating for the company in a report on Friday, May 10th. Citigroup upped their price target on shares of Getty Images from $5.50 to $6.00 and gave the company a “buy” rating in a research report on Friday, March 15th. Finally, Wedbush reiterated an “outperform” rating and issued a $7.70 price target on shares of Getty Images in a research report on Monday, May 6th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $6.08.

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.