Getty Images Holdings, Inc. (NYSE:GETY - Get Free Report) CMO Gene Foca sold 23,475 shares of the firm'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 $49,767.00. Following the completion of the transaction, the chief marketing officer now owns 468,943 shares of the company's stock, valued at approximately $994,159.16. The trade was a 4.77 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Getty Images Price Performance
Shares of NYSE:GETY traded down $0.07 during midday trading on Monday, hitting $1.73. The company's stock had a trading volume of 232,781 shares, compared to its average volume of 1,105,653. The company has a market cap of $711.68 million, a P/E ratio of 14.38 and a beta of 1.97. Getty Images Holdings, Inc. has a 12-month low of $1.72 and a 12-month high of $4.49. The business's 50 day simple moving average is $2.35 and its 200 day simple moving average is $2.91. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.79 and a current ratio of 0.79.
Getty Images (NYSE:GETY - Get Free Report) last announced 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 company had revenue of $247.30 million for the quarter, compared to analysts' expectations of $245.50 million. The company's revenue for the quarter was up 9.5% compared to the same quarter last year. On average, analysts forecast that Getty Images Holdings, Inc. will post 0.08 EPS for the current year.
Analyst Ratings Changes
Several analysts recently commented on the company. Wedbush reaffirmed an "outperform" rating and set a $7.70 target price on shares of Getty Images in a report on Thursday, March 13th. Benchmark reduced their target price on Getty Images from $6.00 to $4.50 and set a "buy" rating for the company in a research note on Tuesday, March 18th. Macquarie reissued a "neutral" rating and issued a $3.75 price target on shares of Getty Images in a research note on Wednesday, January 8th. Citigroup reaffirmed a "neutral" rating and set a $2.45 price objective on shares of Getty Images in a report on Monday, March 24th. Finally, JPMorgan Chase & Co. restated an "underweight" rating on shares of Getty Images in a research report on Wednesday, December 18th. One 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 stock. According to MarketBeat, Getty Images has a consensus rating of "Hold" and a consensus target price of $4.60.
View Our Latest Stock Analysis on GETY
Institutional Trading of Getty Images
Hedge funds have recently made changes to their positions in the company. Victory Capital Management Inc. increased its stake in Getty Images by 138.5% during the third quarter. Victory Capital Management Inc. now owns 59,145 shares of the company's stock worth $225,000 after acquiring an additional 34,349 shares during the last quarter. Intech Investment Management LLC purchased a new position in shares of Getty Images during the 3rd quarter worth $44,000. Charles Schwab Investment Management Inc. increased its position in shares of Getty Images by 12.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 524,987 shares of the company's stock worth $2,000,000 after purchasing an additional 58,135 shares during the last quarter. FMR LLC raised its holdings in Getty Images by 5.0% in the 3rd quarter. FMR LLC now owns 166,221 shares of the company's stock valued at $633,000 after buying an additional 7,897 shares during the period. Finally, MetLife Investment Management LLC lifted its position in Getty Images by 129.1% in the third quarter. MetLife Investment Management LLC now owns 60,238 shares of the company's stock valued at $230,000 after buying an additional 33,942 shares during the last quarter. Hedge funds and other institutional investors own 45.75% of the company's stock.
Getty Images Company Profile
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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.
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