Getty Images Holdings, Inc. (NYSE:GETY) CEO Craig Warren Peters Sells 33,262 Shares

Getty Images Holdings, Inc. (NYSE:GETY - Get Free Report) CEO Craig Warren Peters sold 33,262 shares of the stock in a transaction that occurred on Wednesday, June 25th. The shares were sold at an average price of $1.77, for a total transaction of $58,873.74. Following the transaction, the chief executive officer now owns 1,279,686 shares in the company, valued at approximately $2,265,044.22. This represents a 2.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

Getty Images Price Performance

GETY traded down $0.04 during trading on Friday, hitting $1.72. The company's stock had a trading volume of 4,330,796 shares, compared to its average volume of 1,206,348. The firm has a market capitalization of $709.02 million, a price-to-earnings ratio of -9.03 and a beta of 1.91. The business's fifty day simple moving average is $1.82 and its 200 day simple moving average is $2.11. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 2.04. Getty Images Holdings, Inc. has a twelve month low of $1.25 and a twelve month high of $4.49.

Getty Images (NYSE:GETY - Get Free Report) last posted its quarterly earnings data on Monday, May 12th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.17). Getty Images had a negative return on equity of 8.87% and a negative net margin of 8.13%. The firm had revenue of $224.08 million for the quarter, compared to analysts' expectations of $236.01 million. During the same quarter last year, the firm posted $0.03 earnings per share. Getty Images's quarterly revenue was up .8% on a year-over-year basis. On average, equities research analysts forecast that Getty Images Holdings, Inc. will post 0.08 EPS for the current fiscal year.

Hedge Funds Weigh In On Getty Images

Institutional investors and hedge funds have recently bought and sold shares of the business. Rhumbline Advisers increased its holdings in shares of Getty Images by 3.6% in the fourth quarter. Rhumbline Advisers now owns 125,421 shares of the company's stock valued at $271,000 after purchasing an additional 4,359 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in Getty Images by 15.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 36,897 shares of the company's stock valued at $80,000 after buying an additional 4,826 shares during the last quarter. ProShare Advisors LLC boosted its position in shares of Getty Images by 49.0% during the 4th quarter. ProShare Advisors LLC now owns 28,255 shares of the company's stock worth $61,000 after purchasing an additional 9,297 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of Getty Images by 25.4% in the 4th quarter. JPMorgan Chase & Co. now owns 46,590 shares of the company's stock valued at $101,000 after buying an additional 9,434 shares during the period. Finally, Geode Capital Management LLC increased its stake in Getty Images by 0.7% during the fourth quarter. Geode Capital Management LLC now owns 1,675,635 shares of the company's stock worth $3,620,000 after purchasing an additional 11,680 shares during the period. 45.75% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

GETY has been the topic of a number of recent research reports. Wedbush reaffirmed an "outperform" rating and set a $7.70 price objective on shares of Getty Images in a research report on Tuesday, May 6th. Citigroup reissued a "neutral" rating and set a $2.45 price objective on shares of Getty Images in a report on Monday, March 24th. Benchmark dropped their target price on Getty Images from $4.50 to $3.50 and set a "buy" rating on the stock in a research report on Tuesday, May 13th. Finally, Wall Street Zen downgraded Getty Images from a "buy" rating to a "sell" rating in a research report on Thursday, May 22nd. Two analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $4.35.

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.

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