Getty Images Holdings, Inc. (NYSE:GETY) SVP Sells $21,623.90 in Stock

Getty Images Holdings, Inc. (NYSE:GETY) SVP Kenneth Arrigo Mainardis sold 5,990 shares of Getty Images stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $3.61, for a total value of $21,623.90. Following the completion of the sale, the senior vice president now owns 215,013 shares of the company’s stock, valued at $776,196.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Getty Images Stock Performance

Shares of Getty Images stock opened at $3.88 on Friday. Getty Images Holdings, Inc. has a one year low of $2.88 and a one year high of $6.57. The company has a market capitalization of $1.59 billion, a PE ratio of 64.67 and a beta of 2.05. The company has a debt-to-equity ratio of 1.92, a quick ratio of 0.78 and a current ratio of 0.78. The company has a 50-day simple moving average of $3.55 and a two-hundred day simple moving average of $3.71.

Getty Images (NYSE:GETY) last posted its quarterly earnings data on Friday, August 9th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.02 by ($0.01). The firm had revenue of $229.14 million for the quarter, compared to the consensus estimate of $228.42 million. Getty Images had a return on equity of 9.36% and a net margin of 4.19%. The company’s revenue was up 1.5% on a year-over-year basis. Research analysts expect that Getty Images Holdings, Inc. will post 0.11 EPS for the current fiscal year.

Analyst Ratings Changes

GETY has been the subject of several recent research reports. Citigroup reduced their price target on shares of Getty Images from $6.00 to $5.00 and set a “buy” rating for the company in a report on Tuesday, August 13th. Macquarie cut their price objective on shares of Getty Images from $4.00 to $3.50 and set a “neutral” rating on the stock in a report on Monday, August 12th. Finally, Benchmark restated a “buy” rating and set a $6.00 target price on shares of Getty Images in a report on Tuesday, August 13th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Getty Images has a consensus rating of “Moderate Buy” and an average target price of $5.64.

Institutional Trading of Getty Images

Several hedge funds and other institutional investors have recently made changes to their positions in GETY. Byrne Asset Management LLC grew its stake in Getty Images by 95.7% during the 2nd quarter. Byrne Asset Management LLC now owns 9,200 shares of the company’s stock worth $29,000 after buying an additional 4,500 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Getty Images by 18.1% in the second quarter. Dimensional Fund Advisors LP now owns 47,447 shares of the company’s stock valued at $155,000 after buying an additional 7,267 shares during the last quarter. Spartan Fund Management Inc. acquired a new stake in Getty Images in the second quarter worth about $33,000. Natixis purchased a new stake in shares of Getty Images during the first quarter worth about $42,000. Finally, Kessler Investment Group LLC increased its holdings in shares of Getty Images by 47.6% during the second quarter. Kessler Investment Group LLC now owns 31,580 shares of the company’s stock valued at $103,000 after acquiring an additional 10,178 shares in the last quarter. Hedge funds and other institutional investors own 45.75% of the company’s stock.

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.