Getty Images Holdings, Inc. (NYSE:GETY) CMO Gene Foca Sells 29,289 Shares

Getty Images Holdings, Inc. (NYSE:GETY) CMO Gene Foca sold 29,289 shares of Getty Images stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $4.41, for a total value of $129,164.49. Following the completion of the transaction, the chief marketing officer now directly owns 430,973 shares in the company, valued at $1,900,590.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Getty Images Price Performance

Shares of NYSE:GETY opened at $4.26 on Thursday. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 2.05. Getty Images Holdings, Inc. has a twelve month low of $3.65 and a twelve month high of $8.18. The stock’s 50 day moving average is $4.56 and its 200-day moving average is $4.99. The firm has a market capitalization of $1.73 billion, a price-to-earnings ratio of 106.50 and a beta of 2.15.

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

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On Getty Images

Institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its stake in Getty Images by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 8,131,734 shares of the company’s stock valued at $42,692,000 after purchasing an additional 34,013 shares during the period. Northern Trust Corp grew its stake in Getty Images by 9.6% in the 4th quarter. Northern Trust Corp now owns 81,696 shares of the company’s stock valued at $429,000 after purchasing an additional 7,152 shares during the period. The Manufacturers Life Insurance Company grew its stake in Getty Images by 22.0% in the 4th quarter. The Manufacturers Life Insurance Company now owns 23,954 shares of the company’s stock valued at $126,000 after purchasing an additional 4,321 shares during the period. Dimensional Fund Advisors LP bought a new position in Getty Images in the 4th quarter valued at $80,000. Finally, Charles Schwab Investment Management Inc. grew its stake in Getty Images by 8.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 236,908 shares of the company’s stock valued at $1,244,000 after purchasing an additional 19,311 shares during the period. Institutional investors own 45.75% of the company’s stock.

About Getty Images

Getty Images Holdings, Inc operates as a creator and distributor of award-winning still imagery, video, music, and multimedia products. The company provides other forms of premium digital content, including music. Its award-winning photographers and imagery help customers produce inspiring work which appears every day in the world's most influential newspapers, magazines, advertising campaigns, films, television programs, and books.