Daine Marc Weston Sells 10,227 Shares of Getty Images Holdings, Inc. (NYSE:GETY) Stock

Getty Images Holdings, Inc. (NYSE:GETY) VP Daine Marc Weston sold 10,227 shares of the firm’s stock in a transaction on Tuesday, June 25th. The shares were sold at an average price of $3.23, for a total value of $33,033.21. Following the transaction, the vice president now owns 89,622 shares in the company, valued at approximately $289,479.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Getty Images Stock Up 2.4 %

GETY stock traded up $0.07 on Thursday, hitting $3.18. 1,162,258 shares of the company’s stock were exchanged, compared to its average volume of 454,181. The firm has a 50 day moving average price of $3.68 and a two-hundred day moving average price of $4.29. Getty Images Holdings, Inc. has a 12-month low of $2.93 and a 12-month high of $7.35. The stock has a market cap of $1.30 billion, a P/E ratio of 52.92 and a beta of 2.09. The company has a debt-to-equity ratio of 2.01, a quick ratio of 0.86 and a current ratio of 0.86.

Getty Images (NYSE:GETY) last issued its quarterly earnings results on Thursday, May 9th. The company reported $0.01 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.01. The business had revenue of $222.28 million for the quarter, compared to analyst estimates of $223.29 million. Getty Images had a return on equity of 9.18% and a net margin of 3.33%. As a group, equities research analysts expect that Getty Images Holdings, Inc. will post 0.13 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Natixis purchased a new stake in shares of Getty Images during the first quarter valued at $42,000. EntryPoint Capital LLC acquired a new stake in Getty Images during the 1st quarter worth about $47,000. Kessler Investment Group LLC purchased a new stake in Getty Images during the 1st quarter valued at about $89,000. Fifth Lane Capital LP purchased a new stake in Getty Images during the 1st quarter valued at about $104,000. Finally, Corton Capital Inc. increased its holdings in shares of Getty Images by 49.3% in the third quarter. Corton Capital Inc. now owns 16,864 shares of the company’s stock valued at $109,000 after purchasing an additional 5,571 shares during the period. Hedge funds and other institutional investors own 45.75% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on GETY shares. Wedbush reaffirmed an “outperform” rating and set a $7.70 target price on shares of Getty Images in a research report on Monday, May 6th. Citigroup raised their price objective on Getty Images from $5.50 to $6.00 and gave the company a “buy” rating in a research report on Friday, March 15th. Finally, Benchmark reduced their target price on shares of Getty Images from $8.00 to $6.00 and set a “buy” rating for the company in a report on Friday, May 10th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Getty Images presently has an average rating of “Moderate Buy” and an average price target of $6.08.

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.