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

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

Getty Images Price Performance

Getty Images stock traded down $0.01 during mid-day trading on Monday, hitting $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 has a market capitalization of $684.21 million, a P/E ratio of -8.71 and a beta of 1.91. The business's 50 day simple moving average is $1.81 and its two-hundred day simple moving average is $2.08. The company has a debt-to-equity ratio of 2.04, a current ratio of 0.72 and a quick ratio of 0.72.

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 analysts' consensus estimates of $0.03 by ($0.17). The company had revenue of $224.08 million for 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 revenue for the quarter was up .8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.03 EPS. Analysts forecast that Getty Images Holdings, Inc. will post 0.08 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Getty Images

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Invenomic Capital Management LP purchased a new stake in shares of Getty Images in the first quarter valued at $4,646,000. AQR Capital Management LLC grew 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 valued at $476,000 after buying an additional 254,146 shares during the period. TIG Advisors LLC acquired a new position in shares of Getty Images during the 1st quarter valued at about $654,000. EntryPoint Capital LLC purchased a new position in shares of Getty Images during the 1st quarter worth about $140,000. Finally, Quantbot Technologies LP acquired a new stake in shares of Getty Images in the first quarter worth approximately $107,000. 45.75% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on GETY. Benchmark lowered their price target on Getty Images from $4.50 to $3.50 and set a "buy" rating on the stock in a report on Tuesday, May 13th. Wedbush reissued an "outperform" rating and issued a $7.70 target price on shares of Getty Images in a report on Tuesday, May 6th. Citigroup restated a "neutral" rating and issued a $2.45 price target on shares of Getty Images in a research report on Monday, March 24th. Finally, Wall Street Zen downgraded Getty Images from a "buy" rating to a "sell" rating in a research note on Thursday, May 22nd. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target 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.