Gene Foca Sells 6,062 Shares of Getty Images Holdings, Inc. (NYSE:GETY) Stock

Getty Images Holdings, Inc. (NYSE:GETY) CMO Gene Foca sold 6,062 shares of the firm’s stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $3.61, for a total value of $21,883.82. Following the completion of the sale, the chief marketing officer now owns 451,947 shares in the company, valued at $1,631,528.67. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Getty Images Price Performance

Getty Images stock traded up $0.02 during mid-day trading on Thursday, hitting $3.77. 279,727 shares of the company were exchanged, compared to its average volume of 512,211. Getty Images Holdings, Inc. has a 12-month low of $2.88 and a 12-month high of $6.57. The company has a market capitalization of $1.55 billion, a P/E ratio of 62.83 and a beta of 2.05. The business’s 50 day simple moving average is $3.54 and its two-hundred day simple moving average is $3.73. The company has a debt-to-equity ratio of 1.92, a current ratio of 0.78 and a quick ratio of 0.78.

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

Analyst Upgrades and Downgrades

GETY has been the topic of a number of research analyst reports. Benchmark reiterated a “buy” rating and set a $6.00 target price on shares of Getty Images in a research report on Tuesday, August 13th. Citigroup lowered their target price on shares of Getty Images from $6.00 to $5.00 and set a “buy” rating on the stock in a research report on Tuesday, August 13th. Finally, Macquarie reduced their price target on shares of Getty Images from $4.00 to $3.50 and set a “neutral” rating for the company in a research report on Monday, August 12th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Getty Images currently has a consensus rating of “Moderate Buy” and an average price target of $5.64.

Institutional Investors Weigh In On Getty Images

Large investors have recently made changes to their positions in the business. The Manufacturers Life Insurance Company increased its stake in shares of Getty Images by 136.7% in the second quarter. The Manufacturers Life Insurance Company now owns 68,268 shares of the company’s stock worth $223,000 after buying an additional 39,423 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in shares of Getty Images in the 2nd quarter valued at about $91,000. Dimensional Fund Advisors LP lifted its position in shares of Getty Images by 18.1% during the second quarter. Dimensional Fund Advisors LP now owns 47,447 shares of the company’s stock worth $155,000 after purchasing an additional 7,267 shares during the last quarter. Rhumbline Advisers bought a new stake in Getty Images in the second quarter valued at about $392,000. Finally, CIBC Asset Management Inc bought a new position in Getty Images during the 2nd quarter worth approximately $36,000. Institutional investors and hedge funds 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.