Insider Selling: Getty Images Holdings, Inc. (NYSE:GETY) Director Sells $58,975.07 in Stock

Getty Images Holdings, Inc. (NYSE:GETY) Director Chinh Chu sold 14,707 shares of the business’s stock in a transaction that occurred on Friday, April 5th. The stock was sold at an average price of $4.01, for a total transaction of $58,975.07. Following the sale, the director now owns 8,550,140 shares of the company’s stock, valued at approximately $34,286,061.40. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Chinh Chu also recently made the following trade(s):

• On Monday, April 8th, Chinh Chu sold 10,121 shares of Getty Images stock. The stock was sold at an average price of $4.00, for a total transaction of $40,484.00.
• On Wednesday, April 3rd, Chinh Chu sold 88,573 shares of Getty Images stock. The shares were sold at an average price of $4.11, for a total transaction of $364,035.03.
• On Wednesday, March 27th, Chinh Chu sold 213,811 shares of Getty Images stock. The stock was sold at an average price of $4.19, for a total value of $895,868.09.
• On Monday, March 25th, Chinh Chu sold 117,739 shares of Getty Images stock. The shares were sold at an average price of $4.14, for a total value of $487,439.46.
• On Friday, March 22nd, Chinh Chu sold 95,924 shares of Getty Images stock. The stock was sold at an average price of $4.39, for a total value of $421,106.36.
• On Wednesday, March 20th, Chinh Chu sold 238,520 shares of Getty Images stock. The shares were sold at an average price of $4.95, for a total value of $1,180,674.00.

Getty Images Stock Performance

NYSE:GETY opened at $4.05 on Friday. The firm has a market cap of $1.64 billion, a price-to-earnings ratio of 101.13 and a beta of 2.12. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.84 and a quick ratio of 0.84. Getty Images Holdings, Inc. has a 1-year low of $3.65 and a 1-year high of $8.18. The firm’s fifty day moving average price is $4.49 and its 200 day moving average price is $4.83.

Getty Images (NYSE:GETY) last issued its quarterly earnings results on Thursday, March 14th. The company reported $0.09 earnings per share (EPS) for the quarter. The business had revenue of $225.94 million for the quarter, compared to analyst estimates of $227.00 million. Getty Images had a net margin of 2.11% and a return on equity of 9.30%. On average, sell-side analysts expect that Getty Images Holdings, Inc. will post 0.06 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on GETY. Benchmark lifted their target price on shares of Getty Images from $7.00 to $8.00 and gave the company a “buy” rating in a report on Friday, March 15th. Citigroup raised their price objective on shares of Getty Images from $5.50 to $6.00 and gave the stock a “buy” rating in a research report on Friday, March 15th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $7.70 target price on shares of Getty Images in a report on Friday, March 15th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $6.35.

Institutional Trading of Getty Images

Hedge funds have recently modified their holdings of the business. Skandinaviska Enskilda Banken AB publ acquired a new position in Getty Images during the third quarter worth $26,000. UBS Group AG purchased a new stake in shares of Getty Images during the 1st quarter worth $28,000. Tower Research Capital LLC TRC acquired a new position in shares of Getty Images during the 3rd quarter worth $28,000. Lazard Asset Management LLC purchased a new position in shares of Getty Images in the 2nd quarter valued at about $41,000. Finally, Delphia USA Inc. acquired a new stake in shares of Getty Images in the first quarter valued at about $64,000. 45.75% of the stock is owned by institutional investors and hedge funds.

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.