Getty Images Holdings, Inc. (NYSE:GETY) CTO Nathaniel Gandert Sells 15,859 Shares

Getty Images Holdings, Inc. (NYSE:GETY) CTO Nathaniel Gandert sold 15,859 shares of the firm’s stock in a transaction 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 completion of the sale, the chief technology officer now directly owns 534,377 shares of the company’s stock, valued at $1,132,879.24. This trade represents a 2.88 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Getty Images Stock Down 7.5 %

Getty Images stock opened at $1.79 on Friday. The company has a market capitalization of $736.43 million, a PE ratio of 14.88 and a beta of 1.97. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.79 and a current ratio of 0.79. 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 50 day moving average price of $2.35 and a 200 day moving average price of $2.91.

Getty Images (NYSE:GETY) last issued its quarterly earnings data 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 net margin of 5.91% and a return on equity of 6.42%. The firm had revenue of $247.30 million during the quarter, compared to analyst estimates of $245.50 million. The firm’s revenue was up 9.5% compared to the same quarter last year. Research analysts expect that Getty Images Holdings, Inc. will post 0.08 earnings per share for the current year.

Institutional Trading of Getty Images

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Rhumbline Advisers grew its holdings in shares of Getty Images by 3.6% in the fourth quarter. Rhumbline Advisers now owns 125,421 shares of the company’s stock valued at $271,000 after purchasing an additional 4,359 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in Getty Images by 15.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 36,897 shares of the company’s stock valued at $80,000 after buying an additional 4,826 shares during the period. FMR LLC increased its position in shares of Getty Images by 5.0% during the third quarter. FMR LLC now owns 166,221 shares of the company’s stock worth $633,000 after acquiring an additional 7,897 shares during the period. ProShare Advisors LLC increased its position in shares of Getty Images by 49.0% during the fourth quarter. ProShare Advisors LLC now owns 28,255 shares of the company’s stock worth $61,000 after acquiring an additional 9,297 shares during the period. Finally, JPMorgan Chase & Co. boosted its holdings in Getty Images by 25.4% in the fourth quarter. JPMorgan Chase & Co. now owns 46,590 shares of the company’s stock valued at $101,000 after purchasing an additional 9,434 shares during the period. 45.75% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently issued reports on GETY. Wedbush restated an “outperform” rating and set a $7.70 price objective on shares of Getty Images in a research report on Thursday, March 13th. JPMorgan Chase & Co. restated an “underweight” rating on shares of Getty Images in a report on Wednesday, December 18th. Benchmark decreased their price objective on Getty Images from $6.00 to $4.50 and set a “buy” rating on the stock in a report on Tuesday, March 18th. Citigroup reissued a “neutral” rating and set a $2.45 target price on shares of Getty Images in a research note on Monday, March 24th. Finally, Macquarie restated a “neutral” rating and issued a $3.75 target price on shares of Getty Images in a research report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $4.60.

Getty Images Company Profile

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.