Gene Foca Sells 23,475 Shares of Getty Images Holdings, Inc. (NYSE:GETY) Stock

Getty Images Holdings, Inc. (NYSE:GETY) CMO Gene Foca sold 23,475 shares of Getty Images stock in a transaction on Tuesday, March 25th. The shares were sold at an average price of $2.12, for a total transaction of $49,767.00. Following the transaction, the chief marketing officer now owns 468,943 shares in the company, valued at $994,159.16. The trade was a 4.77 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Getty Images Price Performance

Shares of NYSE GETY opened at $1.79 on Friday. The business has a 50 day moving average price of $2.35 and a two-hundred day moving average price of $2.91. Getty Images Holdings, Inc. has a fifty-two week low of $1.77 and a fifty-two week high of $4.49. The firm has a market cap of $736.43 million, a PE ratio of 14.88 and a beta of 1.97. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 1.84.

Getty Images (NYSE:GETY) last released its quarterly earnings results on Monday, March 17th. The company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.05). Getty Images had a return on equity of 6.42% and a net margin of 5.91%. The company had revenue of $247.30 million for the quarter, compared to analyst estimates of $245.50 million. Getty Images’s quarterly revenue was up 9.5% compared to the same quarter last year. Sell-side analysts expect that Getty Images Holdings, Inc. will post 0.08 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

GETY has been the topic of a number of recent research reports. Macquarie restated a “neutral” rating and set a $3.75 price objective on shares of Getty Images in a research note on Wednesday, January 8th. Wedbush reissued an “outperform” rating and set a $7.70 price target 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 reissued a “neutral” rating and set a $2.45 target price on shares of Getty Images in a research report on Monday, March 24th. Finally, Benchmark lowered their price target on shares of Getty Images from $6.00 to $4.50 and set a “buy” rating for the company in a report on Tuesday, March 18th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, Getty Images has a consensus rating of “Hold” and a consensus target price of $4.60.

Institutional Trading of Getty Images

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Koch Inc. bought a new stake in Getty Images during the fourth quarter valued at $174,385,000. Toronto Dominion Bank acquired a new stake in Getty Images during the fourth quarter worth about $3,553,000. Wexford Capital LP bought a new position in Getty Images in the fourth quarter worth about $80,000. ProShare Advisors LLC boosted its stake 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 acquiring an additional 9,297 shares during the period. Finally, Occudo Quantitative Strategies LP bought a new position in shares of Getty Images during the fourth quarter valued at approximately $168,000. 45.75% of the stock is owned by institutional investors.

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.