Getty Images Holdings, Inc. (NYSE:GETY - Get Free Report) CFO Jennifer Leyden sold 6,271 shares of Getty Images stock in a transaction on Wednesday, June 25th. The shares were sold at an average price of $1.77, for a total value of $11,099.67. Following the transaction, the chief financial officer directly owned 296,801 shares of the company's stock, valued at approximately $525,337.77. The trade was a 2.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Getty Images Price Performance
Shares of Getty Images stock traded down $0.01 during midday trading on Monday, reaching $1.66. The company had a trading volume of 801,828 shares, compared to its average volume of 1,154,726. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 2.04. The stock has a fifty day simple moving average of $1.81 and a 200 day simple moving average of $2.08. 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 $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 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 firm had revenue of $224.08 million during the quarter, compared to the consensus estimate of $236.01 million. Getty Images had a negative net margin of 8.13% and a negative return on equity of 8.87%. The firm's quarterly revenue was up .8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.03 earnings per share. As a group, equities research analysts forecast that Getty Images Holdings, Inc. will post 0.08 earnings per share for the current year.
Analyst Upgrades and Downgrades
Several research analysts have recently commented on GETY shares. Benchmark reduced their target price on Getty Images from $4.50 to $3.50 and set a "buy" rating on the stock in a report on Tuesday, May 13th. Wall Street Zen downgraded Getty Images from a "buy" rating to a "sell" rating in a research report on Thursday, May 22nd. Citigroup reissued a "neutral" rating and issued a $2.45 price objective on shares of Getty Images in a research note on Monday, March 24th. Finally, Wedbush reiterated an "outperform" rating and set a $7.70 price target on shares of Getty Images in a research report on Tuesday, May 6th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $4.35.
Read Our Latest Research Report on GETY
Hedge Funds Weigh In On Getty Images
Several hedge funds have recently added to or reduced their stakes in GETY. Invenomic Capital Management LP acquired a new stake in Getty Images in the first quarter worth about $4,646,000. AQR Capital Management LLC lifted its position in Getty Images by 1,201.6% during the 1st quarter. AQR Capital Management LLC now owns 275,296 shares of the company's stock valued at $476,000 after purchasing an additional 254,146 shares during the period. TIG Advisors LLC bought a new position in shares of Getty Images in the 1st quarter valued at about $654,000. EntryPoint Capital LLC acquired a new stake in shares of Getty Images during the 1st quarter worth approximately $140,000. Finally, Quantbot Technologies LP acquired a new stake in shares of Getty Images during the 1st quarter worth approximately $107,000. Institutional investors own 45.75% of the company's stock.
About Getty Images
(
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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