Insider Selling: Getty Images Holdings, Inc. (NYSE:GETY) CTO Sells 15,859 Shares of Stock

Getty Images Holdings, Inc. (NYSE:GETY - Get Free Report) CTO Nathaniel Gandert sold 15,859 shares of the company's stock in a transaction that occurred on Tuesday, March 25th. The shares were sold at an average price of $2.12, for a total value of $33,621.08. Following the completion of the transaction, the chief technology officer now directly owns 534,377 shares of the company's stock, valued at $1,132,879.24. This represents a 2.88 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Getty Images Stock Performance

Shares of Getty Images stock traded down $0.01 during mid-day trading on Tuesday, hitting $1.73. 168,791 shares of the stock were exchanged, compared to its average volume of 2,936,490. The company has a market capitalization 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 $1.70 and a 12 month high of $4.49. 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 company has a 50-day simple moving average of $2.33 and a 200 day simple moving average of $2.90.

Getty Images (NYSE:GETY - Get Free Report) last issued its quarterly earnings results on Monday, March 17th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate 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 business's quarterly revenue was up 9.5% on a year-over-year basis. Sell-side analysts anticipate that Getty Images Holdings, Inc. will post 0.08 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on GETY shares. Benchmark cut their price objective on Getty Images from $6.00 to $4.50 and set a "buy" rating on the stock in a research note on Tuesday, March 18th. Macquarie reaffirmed a "neutral" rating and issued a $3.75 price objective on shares of Getty Images in a research note on Wednesday, January 8th. Citigroup reissued a "neutral" rating and set a $2.45 target price 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, 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. One equities 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. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $4.60.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Koch Inc. purchased a new stake in Getty Images during the fourth quarter valued at about $183,865,000. Toronto Dominion Bank purchased a new stake in shares of Getty Images during the 4th quarter valued at approximately $3,553,000. Vanguard Group Inc. boosted its holdings in Getty Images by 7.3% in the 4th quarter. Vanguard Group Inc. now owns 10,225,249 shares of the company's stock worth $22,087,000 after buying an additional 698,829 shares during the period. State Street Corp grew its stake in Getty Images by 46.3% in the 3rd quarter. State Street Corp now owns 1,474,167 shares of the company's stock valued at $5,617,000 after buying an additional 466,521 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in Getty Images by 71.2% during the 4th quarter. Bank of New York Mellon Corp now owns 352,388 shares of the company's stock valued at $761,000 after acquiring an additional 146,576 shares during the period. Institutional investors own 45.75% of the company's stock.

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.