Insider Selling: Getty Images Holdings, Inc. (NYSE:GETY) Insider Sells 4,918 Shares of Stock

Getty Images Holdings, Inc. (NYSE:GETY - Get Free Report) insider Michael Teaster sold 4,918 shares of the business's stock in a transaction on Tuesday, March 25th. The stock was sold at an average price of $2.12, for a total transaction of $10,426.16. Following the transaction, the insider now directly owns 242,627 shares of the company's stock, valued at approximately $514,369.24. This represents a 1.99 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Getty Images Stock Performance

GETY traded down $0.07 during trading on Monday, reaching $1.73. 232,781 shares of the company's stock were exchanged, compared to its average volume of 1,105,653. 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 quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 1.84. The company has a market capitalization of $711.68 million, a P/E ratio of 14.38 and a beta of 1.97. The business has a 50 day moving average price of $2.35 and a 200 day moving average price of $2.91.

Getty Images (NYSE:GETY - Get Free Report) last released its quarterly earnings data on Monday, March 17th. The company reported ($0.01) earnings per share 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 firm had revenue of $247.30 million for the quarter, compared to the consensus estimate of $245.50 million. Getty Images's revenue for the quarter was up 9.5% on a year-over-year basis. As a group, analysts predict that Getty Images Holdings, Inc. will post 0.08 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Getty Images

Large investors have recently added to or reduced their stakes in the company. Rhumbline Advisers boosted its position in Getty Images by 3.6% during the 4th quarter. Rhumbline Advisers now owns 125,421 shares of the company's stock worth $271,000 after acquiring an additional 4,359 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Getty Images by 15.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 36,897 shares of the company's stock worth $80,000 after purchasing an additional 4,826 shares in the last quarter. FMR LLC boosted its holdings in Getty Images by 5.0% during the third quarter. FMR LLC now owns 166,221 shares of the company's stock worth $633,000 after purchasing an additional 7,897 shares during the last quarter. ProShare Advisors LLC grew its position in Getty Images by 49.0% in the fourth quarter. ProShare Advisors LLC now owns 28,255 shares of the company's stock valued at $61,000 after purchasing an additional 9,297 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in Getty Images by 25.4% in the 4th quarter. JPMorgan Chase & Co. now owns 46,590 shares of the company's stock valued at $101,000 after buying an additional 9,434 shares during the last quarter. Institutional investors own 45.75% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on GETY. Benchmark decreased 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. Wedbush reissued an "outperform" rating and issued a $7.70 price objective on shares of Getty Images in a research report on Thursday, March 13th. JPMorgan Chase & Co. reaffirmed an "underweight" rating on shares of Getty Images in a research report on Wednesday, December 18th. Citigroup restated a "neutral" rating and issued a $2.45 price target on shares of Getty Images in a research report on Monday, March 24th. Finally, Macquarie reaffirmed a "neutral" rating and set a $3.75 price objective on shares of Getty Images in a research report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $4.60.

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.