Getty Images Holdings, Inc. (NYSE:GETY) CEO Craig Warren Peters Sells 32,977 Shares of Stock

Getty Images Holdings, Inc. (NYSE:GETY) CEO Craig Warren Peters sold 32,977 shares of Getty Images stock in a transaction dated Tuesday, June 25th. The stock was sold at an average price of $3.23, for a total value of $106,515.71. Following the sale, the chief executive officer now directly owns 1,211,071 shares of the company’s stock, valued at $3,911,759.33. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Getty Images Stock Performance

Shares of GETY stock opened at $3.18 on Friday. The stock has a market capitalization of $1.30 billion, a PE ratio of 52.92 and a beta of 2.09. Getty Images Holdings, Inc. has a 52-week low of $2.93 and a 52-week high of $7.35. The stock’s 50-day moving average price is $3.67 and its 200 day moving average price is $4.29. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 2.01.

Getty Images (NYSE:GETY) last issued its quarterly earnings results on Thursday, May 9th. The company reported $0.01 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.01. The firm had revenue of $222.28 million for the quarter, compared to analysts’ expectations 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 forecast that Getty Images Holdings, Inc. will post 0.13 EPS for the current year.

Hedge Funds Weigh In On Getty Images

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. acquired a new position in Getty Images during the 3rd quarter worth approximately $52,554,000. EULAV Asset Management increased its position in Getty Images by 37.5% during the 3rd quarter. EULAV Asset Management now owns 550,000 shares of the company’s stock worth $3,570,000 after purchasing an additional 150,000 shares during the period. Victory Capital Management Inc. increased its position in Getty Images by 20.4% during the 4th quarter. Victory Capital Management Inc. now owns 25,309 shares of the company’s stock worth $133,000 after purchasing an additional 4,281 shares during the period. Corton Capital Inc. increased its position in Getty Images by 49.3% during the 3rd quarter. Corton Capital Inc. now owns 16,864 shares of the company’s stock worth $109,000 after purchasing an additional 5,571 shares during the period. Finally, EntryPoint Capital LLC acquired a new position in Getty Images during the 1st quarter worth approximately $47,000. Institutional investors and hedge funds own 45.75% of the company’s stock.

Wall Street Analysts Forecast Growth

GETY has been the subject of several research reports. Wedbush reissued an “outperform” rating and issued a $7.70 target price on shares of Getty Images in a report on Monday, May 6th. Citigroup boosted their target price on Getty Images from $5.50 to $6.00 and gave the company a “buy” rating in a report on Friday, March 15th. Finally, Benchmark reduced their target price on 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. According to data from MarketBeat, Getty Images presently has a consensus rating of “Moderate Buy” and a consensus 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.