Wexford Capital LP Purchases New Shares in Getty Images Holdings, Inc. (NYSE:GETY)

Wexford Capital LP purchased a new stake in Getty Images Holdings, Inc. (NYSE:GETY) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 37,023 shares of the company’s stock, valued at approximately $80,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Rhumbline Advisers raised its position in Getty Images by 3.6% in the 4th 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 last quarter. Price T Rowe Associates Inc. MD increased its stake in Getty Images by 15.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 36,897 shares of the company’s stock valued at $80,000 after buying an additional 4,826 shares during the period. ProShare Advisors LLC increased its stake in Getty Images by 49.0% in the 4th quarter. ProShare Advisors LLC now owns 28,255 shares of the company’s stock valued at $61,000 after buying an additional 9,297 shares during the period. 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 period. Finally, Geode Capital Management LLC increased its stake in Getty Images by 0.7% in the 4th quarter. Geode Capital Management LLC now owns 1,675,635 shares of the company’s stock valued at $3,620,000 after buying an additional 11,680 shares during the period. Hedge funds and other institutional investors own 45.75% of the company’s stock.

Insider Activity at Getty Images

In related news, CTO Nathaniel Gandert sold 15,859 shares of the stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of $2.12, for a total value of $33,621.08. Following the sale, the chief technology officer now directly owns 534,377 shares of the company’s stock, valued at approximately $1,132,879.24. This represents a 2.88% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Cho Mikael sold 18,590 shares of the firm’s stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of $2.12, for a total transaction of $39,410.80. Following the sale, the senior vice president now directly owns 123,862 shares in the company, valued at $262,587.44. This represents a 13.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 226,668 shares of company stock valued at $480,536. Insiders own 12.30% of the company’s stock.

Wall Street Analyst Weigh In

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

Getty Images Stock Performance

Shares of GETY opened at $1.81 on Tuesday. The company has a 50-day simple moving average of $1.83 and a 200-day simple moving average of $2.37. 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 $748.28 million, a PE ratio of 15.08 and a beta of 1.98. Getty Images Holdings, Inc. has a 52-week low of $1.25 and a 52-week high of $4.49.

Getty Images (NYSE:GETY) last announced its quarterly earnings results on Monday, May 12th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.17). The company had revenue of $224.08 million during the quarter, compared to analysts’ expectations of $236.01 million. Getty Images had a net margin of 5.91% and a return on equity of 6.42%. The business’s revenue for the quarter was up .8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.03 EPS. Equities research analysts predict that Getty Images Holdings, Inc. will post 0.08 earnings per share for the current fiscal year.

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.