Getty Images Holdings, Inc. (NYSE:GETY) CTO Sells $33,621.08 in Stock

Getty Images Holdings, Inc. (NYSE:GETY) CTO Nathaniel Gandert sold 15,859 shares of Getty Images stock in a transaction that occurred on Tuesday, March 25th. The stock was 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. The trade was a 2.88 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Getty Images Price Performance

Shares of NYSE:GETY opened at $1.79 on Friday. The firm has a 50 day moving average of $2.35 and a 200-day moving average of $2.91. Getty Images Holdings, Inc. has a 12 month low of $1.77 and a 12 month high of $4.49. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.84. The stock has a market capitalization of $736.43 million, a PE ratio of 14.88 and a beta of 1.97.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Koch Inc. acquired a new stake in shares of Getty Images in the 4th quarter valued at approximately $183,865,000. Vanguard Group Inc. boosted its position in Getty Images by 7.3% in the fourth quarter. Vanguard Group Inc. now owns 10,225,249 shares of the company’s stock valued at $22,087,000 after buying an additional 698,829 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Getty Images by 0.7% during the fourth quarter. Geode Capital Management LLC now owns 1,675,635 shares of the company’s stock worth $3,620,000 after buying an additional 11,680 shares during the last quarter. Toronto Dominion Bank acquired a new position in shares of Getty Images during the fourth quarter worth $3,553,000. Finally, State Street Corp lifted its stake in shares of Getty Images by 46.3% in the 3rd quarter. State Street Corp now owns 1,474,167 shares of the company’s stock valued at $5,617,000 after acquiring an additional 466,521 shares during the last quarter. Institutional investors own 45.75% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on GETY. Wedbush reiterated an “outperform” rating and set a $7.70 price objective on shares of Getty Images in a research report on Thursday, March 13th. Benchmark dropped their price objective on shares of Getty Images from $6.00 to $4.50 and set a “buy” rating for the company in a research note on Tuesday, March 18th. JPMorgan Chase & Co. restated an “underweight” rating on shares of Getty Images in a research report on Wednesday, December 18th. Citigroup reiterated a “neutral” rating and issued a $2.45 price target on shares of Getty Images in a research report on Monday, March 24th. Finally, Macquarie reissued a “neutral” rating and set a $3.75 price target on shares of Getty Images in a research report on Wednesday, January 8th. One equities 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 company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $4.60.

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.