Grant Farhall Sells 8,347 Shares of Getty Images Holdings, Inc. (NYSE:GETY) Stock

Getty Images Holdings, Inc. (NYSE:GETY - Get Free Report) insider Grant Farhall sold 8,347 shares of the business's stock in a transaction on Wednesday, June 25th. The stock was sold at an average price of $1.77, for a total value of $14,774.19. Following the sale, the insider now directly owns 283,659 shares in the company, valued at $502,076.43. This trade represents a 2.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Getty Images Stock Down 2.0%

NYSE GETY traded down $0.04 on Friday, reaching $1.72. The stock had a trading volume of 4,330,855 shares, compared to its average volume of 1,206,348. The business has a 50 day moving average price of $1.82 and a 200 day moving average price of $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 1 year low of $1.25 and a 1 year high of $4.49. The company has a market capitalization 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 announced 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 return on equity of 8.87% and a negative net margin of 8.13%. The company had revenue of $224.08 million during the quarter, compared to analyst estimates of $236.01 million. During the same period in the prior year, the firm earned $0.03 EPS. Getty Images's quarterly revenue was up .8% on a year-over-year basis. On average, analysts forecast that Getty Images Holdings, Inc. will post 0.08 EPS for the current fiscal year.

Hedge Funds Weigh In On Getty Images

Large investors have recently made changes to their positions in the business. BNP Paribas Financial Markets acquired a new position in shares of Getty Images during the 4th quarter worth about $27,000. Aristeia Capital L.L.C. acquired a new position in shares of Getty Images during the 4th quarter worth about $28,000. Ameriprise Financial Inc. acquired a new position in shares of Getty Images during the 4th quarter worth about $28,000. Virtu Financial LLC acquired a new position in shares of Getty Images during the 4th quarter worth about $33,000. Finally, Oxford Asset Management LLP acquired a new position in shares of Getty Images during the 4th quarter worth about $33,000. Institutional investors and hedge funds own 45.75% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on GETY. Wall Street Zen lowered Getty Images from a "buy" rating to a "sell" rating in a research report on Thursday, May 22nd. Benchmark cut 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. Citigroup reiterated a "neutral" rating and set a $2.45 price target on shares of Getty Images in a report on Monday, March 24th. Finally, Wedbush reiterated an "outperform" rating and set a $7.70 price target on shares of Getty Images in a report 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 company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.