Insider Selling: Getty Images Holdings, Inc. (NYSE:GETY) CEO Sells 33,262 Shares of Stock

Getty Images Holdings, Inc. (NYSE:GETY - Get Free Report) CEO Craig Warren Peters sold 33,262 shares of Getty Images stock in a transaction dated Wednesday, June 25th. The stock was sold at an average price of $1.77, for a total transaction of $58,873.74. Following the completion of the sale, the chief executive officer directly owned 1,279,686 shares in the company, valued at approximately $2,265,044.22. This represents a 2.53% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Getty Images Price Performance

GETY traded down $0.01 during trading on Monday, reaching $1.66. 801,828 shares of the company were exchanged, compared to its average volume of 1,154,726. Getty Images Holdings, Inc. has a 12-month low of $1.25 and a 12-month high of $4.49. The company's 50-day moving average is $1.81 and its two-hundred day moving average is $2.08. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 2.04. The company has a market cap of $684.21 million, a price-to-earnings ratio of -8.71 and a beta of 1.91.

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

Analyst Ratings Changes

Several brokerages have issued reports on GETY. Citigroup restated a "neutral" rating and issued a $2.45 target price on shares of Getty Images in a research note on Monday, March 24th. Benchmark lowered their price objective on Getty Images from $4.50 to $3.50 and set a "buy" rating on the stock in a research note on Tuesday, May 13th. Wall Street Zen lowered shares of Getty Images from a "buy" rating to a "sell" rating in a research report on Thursday, May 22nd. Finally, Wedbush reiterated an "outperform" rating and issued a $7.70 target price on shares of Getty Images in a research note on Tuesday, May 6th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat, Getty Images has a consensus rating of "Hold" and a consensus target price of $4.35.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in GETY. Koch Inc. bought a new stake in Getty Images during the fourth quarter valued at $174,385,000. Wells Fargo & Company MN boosted its position in shares of Getty Images by 47.8% during the 4th quarter. Wells Fargo & Company MN now owns 49,378 shares of the company's stock valued at $107,000 after acquiring an additional 15,978 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of Getty Images by 71.2% during the 4th quarter. Bank of New York Mellon Corp now owns 352,388 shares of the company's stock valued at $761,000 after acquiring an additional 146,576 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Getty Images by 24.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 64,007 shares of the company's stock worth $138,000 after purchasing an additional 12,542 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in shares of Getty Images by 7.3% in the fourth quarter. Vanguard Group Inc. now owns 10,225,249 shares of the company's stock worth $22,087,000 after purchasing an additional 698,829 shares during the last quarter. Institutional investors 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.