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

Getty Images Holdings, Inc. (NYSE:GETY) CEO Craig Warren Peters sold 31,298 shares of the business’s stock in a transaction that occurred on Wednesday, December 24th. The stock was sold at an average price of $1.27, for a total value of $39,748.46. Following the sale, the chief executive officer owned 1,215,438 shares of the company’s stock, valued at approximately $1,543,606.26. This trade represents a 2.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

Getty Images Price Performance

Shares of Getty Images stock traded up $0.07 during mid-day trading on Tuesday, reaching $1.28. 1,737,225 shares of the stock traded hands, compared to its average volume of 2,045,668. The stock has a market capitalization of $530.22 million, a PE ratio of -5.80 and a beta of 2.05. The business has a 50-day moving average of $1.60 and a 200 day moving average of $1.79. Getty Images Holdings, Inc. has a fifty-two week low of $1.20 and a fifty-two week high of $3.87. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 1.96.

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

Institutional Investors Weigh In On Getty Images

Institutional investors have recently made changes to their positions in the stock. State of Alaska Department of Revenue acquired a new position in shares of Getty Images in the 3rd quarter worth approximately $25,000. Catalyst Funds Management Pty Ltd acquired a new stake in Getty Images in the 2nd quarter valued at approximately $30,000. Cerity Partners LLC purchased a new stake in Getty Images in the second quarter valued at approximately $32,000. Wealth Enhancement Advisory Services LLC lifted its stake in Getty Images by 47.2% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 15,870 shares of the company’s stock worth $33,000 after purchasing an additional 5,089 shares in the last quarter. Finally, Savant Capital LLC acquired a new position in Getty Images during the third quarter worth $40,000. 45.75% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have issued reports on GETY shares. Weiss Ratings restated a “sell (d)” rating on shares of Getty Images in a report on Wednesday, October 8th. Wedbush reissued an “outperform” rating and set a $7.00 price target on shares of Getty Images in a research 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 analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average 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.