Craig Warren Peters Sells 32,753 Shares of Getty Images Holdings, Inc. (NYSE:GETY) Stock

Getty Images Holdings, Inc. (NYSE:GETY) CEO Craig Warren Peters sold 32,753 shares of Getty Images stock in a transaction dated Tuesday, December 24th. The shares were sold at an average price of $2.20, for a total value of $72,056.60. Following the completion of the transaction, the chief executive officer now owns 1,212,648 shares in the company, valued at $2,667,825.60. This trade represents a 2.63 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Getty Images Stock Performance

Shares of Getty Images stock opened at $2.19 on Friday. The firm has a market capitalization of $900.25 million, a P/E ratio of 18.25 and a beta of 1.86. Getty Images Holdings, Inc. has a 52 week low of $2.10 and a 52 week high of $5.77. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 1.84. The company has a 50 day moving average price of $3.14 and a 200 day moving average price of $3.41.

Institutional Investors Weigh In On Getty Images

Several institutional investors and hedge funds have recently made changes to their positions in GETY. Bank of New York Mellon Corp purchased a new position in Getty Images in the 2nd quarter worth $910,000. Principal Financial Group Inc. purchased a new position in shares of Getty Images in the second quarter worth about $44,000. Spartan Fund Management Inc. acquired a new stake in shares of Getty Images during the second quarter worth about $33,000. CIBC Asset Management Inc purchased a new stake in Getty Images in the second quarter valued at approximately $36,000. Finally, Rhumbline Advisers acquired a new position in Getty Images in the 2nd quarter worth approximately $392,000. 45.75% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on GETY shares. JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of Getty Images in a research report on Wednesday, December 18th. Macquarie upped their price target on Getty Images from $3.50 to $3.75 and gave the stock a “neutral” rating in a research report on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Getty Images presently has an average rating of “Hold” and a consensus price target of $5.61.

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.