Kenneth Arrigo Mainardis Sells 5,872 Shares of Getty Images Holdings, Inc. (NYSE:GETY) Stock

Getty Images Holdings, Inc. (NYSE:GETY - Get Free Report) SVP Kenneth Arrigo Mainardis sold 5,872 shares of Getty Images stock in a transaction that occurred on Wednesday, June 25th. The stock was sold at an average price of $1.77, for a total value of $10,393.44. Following the completion of the sale, the senior vice president now owns 217,715 shares in the company, valued at approximately $385,355.55. This represents a 2.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Getty Images Price Performance

Shares of NYSE:GETY traded down $0.04 during mid-day trading 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 company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 2.04. The company has a market cap of $709.02 million, a P/E ratio of -9.03 and a beta of 1.91. Getty Images Holdings, Inc. has a 1 year low of $1.25 and a 1 year high of $4.49. The business's 50 day moving average price is $1.82 and its 200 day moving average price is $2.11.

Getty Images (NYSE:GETY - Get Free Report) last issued its quarterly earnings data 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). Getty Images had a negative net margin of 8.13% and a negative return on equity of 8.87%. The company had revenue of $224.08 million for the quarter, compared to analysts' expectations of $236.01 million. During the same quarter last year, the company earned $0.03 earnings per share. The company's revenue for the quarter was up .8% on a year-over-year basis. Research analysts expect that Getty Images Holdings, Inc. will post 0.08 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On Getty Images

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GETY. BNP Paribas Financial Markets purchased a new stake in Getty Images during the fourth quarter valued at approximately $27,000. Aristeia Capital L.L.C. purchased a new stake in Getty Images during the fourth quarter valued at approximately $28,000. Ameriprise Financial Inc. purchased a new stake in Getty Images during the fourth quarter valued at approximately $28,000. HHM Wealth Advisors LLC purchased a new stake in Getty Images during the first quarter valued at approximately $29,000. Finally, Virtu Financial LLC purchased a new stake in Getty Images during the fourth quarter valued at approximately $33,000. 45.75% of the stock is currently owned by hedge funds and other institutional investors.

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.