Victory Capital Management Inc. Acquires 20,239 Shares of Getty Images Holdings, Inc. (NYSE:GETY)

Victory Capital Management Inc. lifted its holdings in Getty Images Holdings, Inc. (NYSE:GETY) by 34.2% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 79,384 shares of the company’s stock after purchasing an additional 20,239 shares during the period. Victory Capital Management Inc.’s holdings in Getty Images were worth $171,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in GETY. Intech Investment Management LLC bought a new stake in Getty Images during the 3rd quarter worth approximately $44,000. Verition Fund Management LLC purchased a new stake in Getty Images during the 3rd quarter valued at approximately $96,000. Franklin Resources Inc. purchased a new stake in Getty Images during the 3rd quarter valued at approximately $221,000. MetLife Investment Management LLC grew its holdings in Getty Images by 129.1% during the 3rd quarter. MetLife Investment Management LLC now owns 60,238 shares of the company’s stock valued at $230,000 after buying an additional 33,942 shares in the last quarter. Finally, Jane Street Group LLC grew its holdings in Getty Images by 139.8% during the 3rd quarter. Jane Street Group LLC now owns 67,712 shares of the company’s stock valued at $258,000 after buying an additional 39,477 shares in the last quarter. Institutional investors own 45.75% of the company’s stock.

Insider Buying and Selling at Getty Images

In other news, CEO Craig Warren Peters sold 32,753 shares of the company’s stock in a transaction dated Tuesday, December 24th. The shares were sold at an average price of $2.20, for a total transaction of $72,056.60. Following the transaction, the chief executive officer now owns 1,212,648 shares in the company, valued at $2,667,825.60. This represents a 2.63 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Jennifer Leyden sold 12,342 shares of the company’s stock in a transaction dated Tuesday, December 24th. The shares were sold at an average price of $2.20, for a total transaction of $27,152.40. Following the transaction, the chief financial officer now owns 261,034 shares in the company, valued at approximately $574,274.80. This trade represents a 4.51 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 70,521 shares of company stock valued at $155,146. 12.30% of the stock is currently owned by insiders.

Getty Images Stock Performance

GETY stock opened at $2.22 on Monday. The firm has a market cap of $913.84 million, a price-to-earnings ratio of 18.46 and a beta of 1.97. The firm has a 50-day simple moving average of $2.42 and a two-hundred day simple moving average of $2.96. Getty Images Holdings, Inc. has a one year low of $1.90 and a one year high of $4.49. 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 (NYSE:GETY) last released its quarterly earnings results on Monday, March 17th. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.04 by ($0.05). The firm had revenue of $247.30 million for the quarter, compared to analysts’ expectations of $245.50 million. Getty Images had a net margin of 5.91% and a return on equity of 6.42%. Getty Images’s revenue for the quarter was up 9.5% compared to the same quarter last year. On average, equities analysts forecast that Getty Images Holdings, Inc. will post 0.08 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on GETY. Macquarie reaffirmed a “neutral” rating and set a $3.75 price objective on shares of Getty Images in a report on Wednesday, January 8th. Wedbush reissued an “outperform” rating and set a $7.70 target price on shares of Getty Images in a research note on Thursday, March 13th. Benchmark lowered their target price on shares of Getty Images from $6.00 to $4.50 and set a “buy” rating for the company in a research note on Tuesday, March 18th. Finally, JPMorgan Chase & Co. reissued an “underweight” rating on shares of Getty Images in a research note on Wednesday, December 18th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $5.24.

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.