Getty Images Holdings, Inc. (NYSE:GETY) CEO Craig Warren Peters Sells 33,262 Shares of Stock

Getty Images Holdings, Inc. (NYSE:GETY) CEO Craig Warren Peters sold 33,262 shares of the company’s stock in a transaction that occurred on Wednesday, June 25th. The stock was sold at an average price of $1.77, for a total value of $58,873.74. Following the completion of the sale, the chief executive officer now owns 1,279,686 shares in the company, valued at approximately $2,265,044.22. This represents a 2.53% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Getty Images Stock Down 2.0%

Shares of NYSE GETY opened at $1.72 on Friday. The company’s 50-day simple moving average is $1.82 and its 200-day simple moving average is $2.10. Getty Images Holdings, Inc. has a 52-week low of $1.25 and a 52-week high of $4.49. The firm has a market cap of $709.02 million, a price-to-earnings ratio of -9.03 and a beta of 1.91. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 2.04.

Getty Images (NYSE:GETY) last announced its earnings results on Monday, May 12th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.17). Getty Images had a negative net margin of 8.13% and a negative return on equity of 8.87%. The company had revenue of $224.08 million during the quarter, compared to analyst estimates of $236.01 million. During the same quarter last year, the business earned $0.03 EPS. The firm’s revenue for the quarter was up .8% compared to the same quarter last year. Equities analysts predict that Getty Images Holdings, Inc. will post 0.08 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

GETY has been the topic of several recent research reports. Benchmark lowered their price objective on Getty Images from $4.50 to $3.50 and set a “buy” rating on the stock in a research report on Tuesday, May 13th. Wedbush reiterated an “outperform” rating and set a $7.70 target price on shares of Getty Images in a research report on Tuesday, May 6th. Citigroup reissued a “neutral” rating and issued a $2.45 price target on shares of Getty Images in a research note on Monday, March 24th. Finally, Wall Street Zen cut shares of Getty Images from a “buy” rating to a “sell” rating in a research report on Thursday, May 22nd. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $4.35.

Institutional Trading of Getty Images

Several institutional investors have recently modified their holdings of GETY. Rhumbline Advisers grew its position in shares of Getty Images by 3.6% in the fourth quarter. Rhumbline Advisers now owns 125,421 shares of the company’s stock valued at $271,000 after purchasing an additional 4,359 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Getty Images by 71.2% in the fourth quarter. Bank of New York Mellon Corp now owns 352,388 shares of the company’s stock worth $761,000 after buying an additional 146,576 shares in the last quarter. Victory Capital Management Inc. lifted its stake in shares of Getty Images by 34.2% in the fourth quarter. Victory Capital Management Inc. now owns 79,384 shares of the company’s stock worth $171,000 after buying an additional 20,239 shares in the last quarter. Intech Investment Management LLC lifted its stake in shares of Getty Images by 356.0% in the fourth quarter. Intech Investment Management LLC now owns 52,921 shares of the company’s stock worth $114,000 after buying an additional 41,316 shares in the last quarter. Finally, Virtu Financial LLC purchased a new position in shares of Getty Images in the fourth quarter worth about $33,000. Institutional investors and hedge funds own 45.75% of the company’s stock.

About Getty Images

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.