Getty Images (NYSE:GETY) CEO Craig Warren Peters Sells 31,298 Shares

Getty Images Holdings, Inc. (NYSE:GETY) CEO Craig Warren Peters sold 31,298 shares of the business’s stock in a transaction on Wednesday, December 24th. The shares were sold at an average price of $1.27, for a total transaction of $39,748.46. Following the transaction, the chief executive officer owned 1,215,438 shares of the company’s stock, valued at $1,543,606.26. This represents a 2.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Getty Images Stock Performance

NYSE:GETY traded up $0.07 during mid-day trading on Tuesday, hitting $1.28. The company’s stock had a trading volume of 1,737,225 shares, compared to its average volume of 2,045,668. The business’s fifty day moving average is $1.60 and its two-hundred day moving average is $1.79. The stock has a market cap of $530.22 million, a price-to-earnings ratio of -5.80 and a beta of 2.05. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.71 and a quick ratio of 0.71. Getty Images Holdings, Inc. has a 1 year low of $1.20 and a 1 year high of $3.87.

Getty Images (NYSE:GETY) last issued its quarterly earnings data on Monday, November 10th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.01. Getty Images had a negative return on equity of 11.38% and a negative net margin of 9.60%.The business had revenue of $240.04 million during the quarter, compared to analysts’ expectations of $239.98 million. During the same quarter in the previous year, the firm posted ($0.01) EPS. The company’s revenue for the quarter was down .2% on a year-over-year basis. Analysts anticipate that Getty Images Holdings, Inc. will post 0.08 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in GETY. State of Alaska Department of Revenue acquired a new stake in Getty Images in the 3rd quarter valued at $25,000. Catalyst Funds Management Pty Ltd purchased a new position in Getty Images during the second quarter valued at $30,000. Cerity Partners LLC acquired a new stake in shares of Getty Images in the second quarter valued at about $32,000. Wealth Enhancement Advisory Services LLC grew its position in shares of Getty Images by 47.2% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 15,870 shares of the company’s stock valued at $33,000 after purchasing an additional 5,089 shares during the period. Finally, Savant Capital LLC purchased a new stake in shares of Getty Images during the third quarter worth about $40,000. Hedge funds and other institutional investors own 45.75% of the company’s stock.

Analysts Set New Price Targets

GETY has been the topic of a number of analyst reports. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Getty Images in a research note on Wednesday, October 8th. Wedbush reissued an “outperform” rating and set a $7.00 price target on shares of Getty Images in a report on Friday, October 31st. Finally, Zacks Research upgraded shares of Getty Images from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 15th. One equities research analyst has rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $4.03.

Getty Images Company Profile

Getty Images (NYSE: GETY) is a leading global provider of digital visual content, offering an extensive library of stock photography, editorial imagery, video footage and music. The company supplies creative and rights-managed assets to a broad range of industries, including advertising, media, corporate communications and publishing. Through its online platform and licensing services, Getty Images enables customers to search, license and download multimedia content for commercial and editorial use.

Founded in 1995 by Mark Getty and Jonathan Klein, Getty Images pioneered the aggregation of photographic archives into a centralized, digital marketplace.