Getty Images Holdings, Inc. (NYSE:GETY) Director Sells $68,659.22 in Stock

Getty Images Holdings, Inc. (NYSE:GETY) Director Chinh Chu sold 17,122 shares of the business’s stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $4.01, for a total transaction of $68,659.22. Following the completion of the sale, the director now owns 9,846,814 shares in the company, valued at approximately $39,485,724.14. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Getty Images Price Performance

Shares of Getty Images stock opened at $3.99 on Monday. The stock has a 50 day moving average price of $3.61 and a 200-day moving average price of $3.63. Getty Images Holdings, Inc. has a one year low of $2.88 and a one year high of $5.77. The stock has a market cap of $1.63 billion, a price-to-earnings ratio of 66.50 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.

Getty Images (NYSE:GETY) last posted its quarterly earnings data on Friday, August 9th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates 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 net margin of 4.19% and a return on equity of 9.36%. The company’s revenue for the quarter was up 1.5% compared to the same quarter last year. Equities analysts expect that Getty Images Holdings, Inc. will post 0.11 EPS for the current year.

Analysts Set New Price Targets

A number of research firms recently commented on GETY. Macquarie decreased their target price on Getty Images from $4.00 to $3.50 and set a “neutral” rating on the stock in a research report on Monday, August 12th. 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. Finally, Citigroup reduced their price target 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.

Institutional Trading of Getty Images

Several institutional investors have recently added to or reduced their stakes in GETY. Byrne Asset Management LLC raised its holdings in shares of Getty Images by 95.7% in the second 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 period. Spartan Fund Management Inc. purchased a new stake in Getty Images in the second quarter worth $33,000. CIBC Asset Management Inc bought a new stake in shares of Getty Images during the second quarter worth $36,000. Natixis purchased a new stake in shares of Getty Images during the first quarter valued at $42,000. Finally, Principal Financial Group Inc. bought a new position in shares of Getty Images in the second quarter worth about $44,000. Institutional investors own 45.75% of the company’s stock.

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.