Getty Images Holdings, Inc. (NYSE:GETY) CFO Sells $62,766.84 in Stock

Getty Images Holdings, Inc. (NYSE:GETY) CFO Jennifer Leyden sold 29,607 shares of the stock in a transaction that occurred on Tuesday, March 25th. The stock was sold at an average price of $2.12, for a total transaction of $62,766.84. Following the completion of the sale, the chief financial officer now owns 278,072 shares in the company, valued at $589,512.64. This represents a 9.62 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Getty Images Stock Down 2.3 %

Shares of GETY opened at $1.93 on Friday. The firm has a market cap of $794.19 million, a P/E ratio of 16.04 and a beta of 1.97. Getty Images Holdings, Inc. has a 1 year low of $1.89 and a 1 year high of $4.49. The stock has a 50 day simple moving average of $2.37 and a two-hundred day simple moving average of $2.93. The company has a debt-to-equity ratio of 1.84, a current ratio of 0.79 and a quick ratio of 0.79.

Getty Images (NYSE:GETY) last released its earnings results on Monday, March 17th. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.04 by ($0.05). The business had revenue of $247.30 million for the quarter, compared to the consensus estimate of $245.50 million. Getty Images had a net margin of 5.91% and a return on equity of 6.42%. The firm’s quarterly revenue was up 9.5% on a year-over-year basis. On average, analysts forecast that Getty Images Holdings, Inc. will post 0.08 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. JPMorgan Chase & Co. reissued an “underweight” rating on shares of Getty Images in a research note on Wednesday, December 18th. Macquarie restated a “neutral” rating and issued a $3.75 price objective on shares of Getty Images in a research report on Wednesday, January 8th. Benchmark lowered their target price 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. Wedbush reissued an “outperform” rating and issued a $7.70 price target on shares of Getty Images in a research note on Thursday, March 13th. Finally, Citigroup restated a “neutral” rating and set a $2.45 price objective on shares of Getty Images in a research report on Monday. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $4.60.

Institutional Investors Weigh In On Getty Images

Several institutional investors have recently bought and sold shares of the stock. Rhumbline Advisers lifted its position in Getty Images by 3.6% in the fourth quarter. Rhumbline Advisers now owns 125,421 shares of the company’s stock valued at $271,000 after purchasing an additional 4,359 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Getty Images by 15.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 36,897 shares of the company’s stock valued at $80,000 after buying an additional 4,826 shares during the last quarter. FMR LLC grew its holdings in Getty Images by 5.0% in the 3rd quarter. FMR LLC now owns 166,221 shares of the company’s stock worth $633,000 after acquiring an additional 7,897 shares during the last quarter. ProShare Advisors LLC increased its position in shares of Getty Images by 49.0% in the fourth quarter. ProShare Advisors LLC now owns 28,255 shares of the company’s stock valued at $61,000 after acquiring an additional 9,297 shares during the period. Finally, JPMorgan Chase & Co. raised its stake in shares of Getty Images by 25.4% during the fourth quarter. JPMorgan Chase & Co. now owns 46,590 shares of the company’s stock valued at $101,000 after acquiring an additional 9,434 shares during the last quarter. 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.