Getty Images Holdings, Inc. (NYSE:GETY - Get Free Report) CMO Gene Foca sold 6,271 shares of the stock in a transaction that occurred on Wednesday, June 25th. The stock was sold at an average price of $1.77, for a total value of $11,099.67. Following the completion of the sale, the chief marketing officer now directly owns 487,672 shares of the company's stock, valued at approximately $863,179.44. This trade represents a 1.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Getty Images Price Performance
NYSE GETY traded down $0.04 during trading hours on Friday, reaching $1.72. 4,330,855 shares of the stock traded hands, compared to its average volume of 1,206,348. The stock has a 50 day simple moving average of $1.82 and a two-hundred day simple moving average of $2.11. Getty Images Holdings, Inc. has a 1 year low of $1.25 and a 1 year high of $4.49. The company has a debt-to-equity ratio of 2.04, a current ratio of 0.72 and a quick ratio of 0.72. The company has a market cap of $709.02 million, a price-to-earnings ratio of -9.03 and a beta of 1.91.
Getty Images (NYSE:GETY - Get Free Report) last released its quarterly earnings results on Monday, May 12th. The company reported ($0.14) earnings per share for the quarter, missing analysts' consensus estimates of $0.03 by ($0.17). Getty Images had a negative net margin of 8.13% and a negative return on equity of 8.87%. The firm had revenue of $224.08 million for the quarter, compared to analysts' expectations of $236.01 million. During the same quarter in the previous year, the business earned $0.03 EPS. The company's revenue for the quarter was up .8% on a year-over-year basis. On average, analysts predict that Getty Images Holdings, Inc. will post 0.08 EPS for the current fiscal year.
Institutional Trading of Getty Images
Several large investors have recently bought and sold shares of GETY. Invenomic Capital Management LP bought a new position in Getty Images in the 1st quarter valued at approximately $4,646,000. AQR Capital Management LLC boosted its holdings in Getty Images by 1,201.6% in the 1st quarter. AQR Capital Management LLC now owns 275,296 shares of the company's stock worth $476,000 after buying an additional 254,146 shares during the period. TIG Advisors LLC bought a new position in shares of Getty Images during the 1st quarter valued at about $654,000. EntryPoint Capital LLC bought a new position in shares of Getty Images in the 1st quarter valued at about $140,000. Finally, Quantbot Technologies LP bought a new position in shares of Getty Images in the 1st quarter valued at about $107,000. 45.75% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
A number of analysts recently commented on the company. Benchmark decreased their price target on Getty Images from $4.50 to $3.50 and set a "buy" rating for the company in a research report on Tuesday, May 13th. Citigroup reaffirmed a "neutral" rating and issued a $2.45 price target on shares of Getty Images in a report on Monday, March 24th. Wedbush reissued an "outperform" rating and set a $7.70 price objective on shares of Getty Images in a research note on Tuesday, May 6th. Finally, Wall Street Zen lowered Getty Images from a "buy" rating to a "sell" rating in a research note on Thursday, May 22nd. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $4.35.
View Our Latest Analysis on Getty Images
Getty Images Company Profile
(
Get Free Report)
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.
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