Getty Images Holdings, Inc. (NYSE:GETY - Get Free Report) CFO Jennifer Leyden sold 29,607 shares of Getty Images stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of $2.12, for a total transaction of $62,766.84. Following the sale, the chief financial officer now owns 278,072 shares of the company's stock, valued at $589,512.64. The trade was a 9.62 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Getty Images Stock Down 3.6 %
GETY traded down $0.07 on Monday, hitting $1.73. The company had a trading volume of 232,781 shares, compared to its average volume of 1,105,653. The stock has a market capitalization of $711.68 million, a price-to-earnings ratio of 14.38 and a beta of 1.97. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.79 and a current ratio of 0.79. The stock has a fifty day moving average price of $2.35 and a 200-day moving average price of $2.91. Getty Images Holdings, Inc. has a 12-month low of $1.72 and a 12-month high of $4.49.
Getty Images (NYSE:GETY - Get Free Report) last issued its quarterly earnings data on Monday, March 17th. The company reported ($0.01) earnings per share (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 firm had revenue of $247.30 million during the quarter, compared to analysts' expectations of $245.50 million. The firm's quarterly revenue was up 9.5% on a year-over-year basis. Analysts predict that Getty Images Holdings, Inc. will post 0.08 EPS for the current fiscal year.
Analyst Ratings Changes
Several research analysts have commented on GETY shares. Wedbush restated an "outperform" rating and set a $7.70 price objective on shares of Getty Images in a report on Thursday, March 13th. Macquarie restated a "neutral" rating and set a $3.75 price target on shares of Getty Images in a research note on Wednesday, January 8th. Citigroup reaffirmed a "neutral" rating and issued a $2.45 price objective on shares of Getty Images in a research note on Monday, March 24th. JPMorgan Chase & Co. reiterated an "underweight" rating on shares of Getty Images in a report on Wednesday, December 18th. Finally, Benchmark lowered their price target on shares of Getty Images from $6.00 to $4.50 and set a "buy" rating for the company in a research report on Tuesday, March 18th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, Getty Images currently has an average rating of "Hold" and a consensus price target of $4.60.
Check Out Our Latest Report on Getty Images
Institutional Trading of Getty Images
Hedge funds and other institutional investors have recently made changes to their positions in the business. BNP Paribas Financial Markets acquired a new position in Getty Images during the 4th quarter valued at about $27,000. Aristeia Capital L.L.C. purchased a new stake in shares of Getty Images during the fourth quarter worth about $28,000. Ameriprise Financial Inc. acquired a new position in shares of Getty Images during the fourth quarter valued at about $28,000. Virtu Financial LLC purchased a new position in shares of Getty Images in the 4th quarter valued at approximately $33,000. Finally, Oxford Asset Management LLP purchased a new position in shares of Getty Images in the 4th quarter valued at approximately $33,000. Hedge funds and other institutional investors own 45.75% of the company's stock.
About Getty Images
(
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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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