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 sale, the chief technology officer now directly owns 534,377 shares in the company, valued at approximately $1,132,879.24. The trade was a 2.88 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Getty Images Trading Down 3.6 %

Shares of NYSE GETY traded down $0.07 on Monday, reaching $1.73. 232,781 shares of the company traded hands, compared to its average volume of 1,105,653. The stock has a market capitalization of $711.68 million, a PE ratio of 14.38 and a beta of 1.97. Getty Images Holdings, Inc. has a fifty-two week low of $1.72 and a fifty-two week high of $4.49. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.84. The company has a 50 day moving average of $2.35 and a 200 day moving average of $2.91.

Getty Images (NYSE:GETY - Get Free Report) last posted its quarterly earnings results on Monday, March 17th. The company reported ($0.01) earnings per share 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 firm's quarterly revenue was up 9.5% compared to the same quarter last year. On average, equities research analysts forecast that Getty Images Holdings, Inc. will post 0.08 earnings per share for the current fiscal year.

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Wall Street Analyst Weigh In

GETY has been the subject of a number of analyst reports. Macquarie reissued a "neutral" rating and issued a $3.75 price target on shares of Getty Images in a report on Wednesday, January 8th. JPMorgan Chase & Co. reissued an "underweight" rating on shares of Getty Images in a research note on Wednesday, December 18th. Wedbush reiterated an "outperform" rating and set a $7.70 price target on shares of Getty Images in a report on Thursday, March 13th. Benchmark reduced their price objective 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. Finally, Citigroup reaffirmed a "neutral" rating and issued a $2.45 target price on shares of Getty Images in a research note on Monday, March 24th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $4.60.

Institutional Investors Weigh In On Getty Images

A number of institutional investors have recently added to or reduced their stakes in the company. Koch Inc. acquired a new position in shares of Getty Images in the 4th quarter valued at about $183,865,000. Toronto Dominion Bank acquired a new position in Getty Images during the fourth quarter valued at approximately $3,553,000. Vanguard Group Inc. grew its stake in Getty Images by 7.3% during the fourth 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 increased its position in shares of Getty Images by 46.3% in the third quarter. State Street Corp now owns 1,474,167 shares of the company's stock worth $5,617,000 after acquiring an additional 466,521 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of Getty Images by 71.2% in 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. Hedge funds and other 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.