Getty Images Holdings, Inc. (NYSE:GETY - Get Free Report) CEO Craig Warren Peters sold 124,624 shares of the company's stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of $2.12, for a total value of $264,202.88. Following the completion of the sale, the chief executive officer now owns 1,262,948 shares of the company's stock, valued at approximately $2,677,449.76. The trade was a 8.98 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Getty Images Price Performance
Shares of NYSE GETY traded down $0.07 during midday trading on Monday, reaching $1.73. 232,781 shares of the stock traded hands, compared to its average volume of 1,105,653. The company's 50 day moving average is $2.35 and its 200 day moving average is $2.91. Getty Images Holdings, Inc. has a one year low of $1.72 and a one year high of $4.49. The stock has a market capitalization of $711.68 million, a PE ratio of 14.38 and a beta of 1.97. 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 - Get Free Report) last issued its quarterly earnings data on Monday, March 17th. The company reported ($0.01) EPS for the quarter, missing analysts' consensus estimates of $0.04 by ($0.05). Getty Images had a return on equity of 6.42% and a net margin of 5.91%. The business had revenue of $247.30 million during the quarter, compared to analysts' expectations of $245.50 million. Getty Images's quarterly revenue was up 9.5% on a year-over-year basis. On average, equities research analysts anticipate that Getty Images Holdings, Inc. will post 0.08 earnings per share for the current year.
Institutional Investors Weigh In On Getty Images
Institutional investors have recently modified their holdings of the stock. BNP Paribas Financial Markets purchased a new stake in Getty Images during the 4th quarter valued at $27,000. Aristeia Capital L.L.C. purchased a new stake in shares of Getty Images in the fourth quarter valued at $28,000. Ameriprise Financial Inc. bought a new stake in shares of Getty Images in the 4th quarter worth about $28,000. Virtu Financial LLC purchased a new position in shares of Getty Images during the 4th quarter worth about $33,000. Finally, Oxford Asset Management LLP bought a new position in Getty Images during the 4th quarter valued at about $33,000. 45.75% of the stock is owned by institutional investors.
Analysts Set New Price Targets
A number of brokerages have recently issued reports on GETY. JPMorgan Chase & Co. reissued an "underweight" rating on shares of Getty Images in a research note on Wednesday, December 18th. Wedbush restated an "outperform" rating and issued a $7.70 price objective on shares of Getty Images in a research report on Thursday, March 13th. Macquarie reissued a "neutral" rating and set a $3.75 target price on shares of Getty Images in a research note on Wednesday, January 8th. Citigroup restated a "neutral" rating and issued a $2.45 price target on shares of Getty Images in a research note on Monday, March 24th. Finally, 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 report on Tuesday, March 18th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $4.60.
Get Our Latest Research Report on GETY
About Getty Images
(
Get Free Report)
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.
Featured Articles
Before you consider Getty Images, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Getty Images wasn't on the list.
While Getty Images currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
