Getty Images (NYSE:GETY) CEO Sells $39,748.46 in Stock

Getty Images Holdings, Inc. (NYSE:GETY) CEO Craig Warren Peters sold 31,298 shares of the stock in a transaction on Wednesday, December 24th. The stock was sold at an average price of $1.27, for a total transaction of $39,748.46. Following the sale, the chief executive officer owned 1,215,438 shares of the company’s stock, valued at approximately $1,543,606.26. This trade represents a 2.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Getty Images Stock Performance

Shares of Getty Images stock opened at $1.35 on Friday. The business has a 50-day moving average price of $1.56 and a two-hundred day moving average price of $1.78. Getty Images Holdings, Inc. has a 1-year low of $1.20 and a 1-year high of $3.87. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 1.96. The company has a market cap of $559.33 million, a P/E ratio of -6.11 and a beta of 2.06.

Getty Images (NYSE:GETY) last announced its quarterly earnings data on Monday, November 10th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.01. Getty Images had a negative return on equity of 11.38% and a negative net margin of 9.60%.The company had revenue of $240.04 million for the quarter, compared to the consensus estimate of $239.98 million. During the same period in the previous year, the business earned ($0.01) EPS. The firm’s revenue was down .2% compared to the same quarter last year. As a group, analysts anticipate that Getty Images Holdings, Inc. will post 0.08 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Weiss Ratings reiterated a “sell (d)” rating on shares of Getty Images in a research report on Wednesday, October 8th. Wedbush reaffirmed an “outperform” rating and issued a $7.00 price target on shares of Getty Images in a research note on Friday, October 31st. Finally, Zacks Research raised shares of Getty Images from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 15th. One research analyst has rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $4.03.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of GETY. Invenomic Capital Management LP bought a new position in shares of Getty Images in the first quarter valued at $4,646,000. JPMorgan Chase & Co. raised its holdings in shares of Getty Images by 43.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,434,545 shares of the company’s stock worth $4,041,000 after acquiring an additional 742,008 shares during the last quarter. Millennium Management LLC lifted its position in Getty Images by 1,202.9% in the 3rd quarter. Millennium Management LLC now owns 587,254 shares of the company’s stock valued at $1,163,000 after acquiring an additional 542,181 shares in the last quarter. TIG Advisors LLC acquired a new position in Getty Images during the 1st quarter valued at about $654,000. Finally, Jane Street Group LLC bought a new stake in Getty Images during the 2nd quarter worth approximately $534,000. Institutional investors and hedge funds own 45.75% of the company’s stock.

About Getty Images

Getty Images (NYSE: GETY) is a leading global provider of digital visual content, offering an extensive library of stock photography, editorial imagery, video footage and music. The company supplies creative and rights-managed assets to a broad range of industries, including advertising, media, corporate communications and publishing. Through its online platform and licensing services, Getty Images enables customers to search, license and download multimedia content for commercial and editorial use.

Founded in 1995 by Mark Getty and Jonathan Klein, Getty Images pioneered the aggregation of photographic archives into a centralized, digital marketplace.