Getty Images (NYSE:GETY) CFO Jennifer Leyden Sells 31,576 Shares

Getty Images Holdings, Inc. (NYSE:GETY) CFO Jennifer Leyden sold 31,576 shares of the company’s stock in a transaction on Wednesday, March 25th. The stock was sold at an average price of $0.78, for a total transaction of $24,629.28. Following the sale, the chief financial officer directly owned 316,780 shares of the company’s stock, valued at approximately $247,088.40. This trade represents a 9.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Getty Images Trading Down 3.9%

NYSE:GETY opened at $0.75 on Friday. The business’s 50-day moving average is $0.96 and its two-hundred day moving average is $1.45. The firm has a market capitalization of $312.07 million, a PE ratio of -1.49 and a beta of 2.13. Getty Images Holdings, Inc. has a 12 month low of $0.67 and a 12 month high of $3.21. The company has a debt-to-equity ratio of 2.12, a current ratio of 0.77 and a quick ratio of 0.77.

Getty Images (NYSE:GETY) last issued its earnings results on Monday, March 16th. The company reported ($0.22) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.25). Getty Images had a negative return on equity of 25.05% and a negative net margin of 21.00%.The company had revenue of $282.29 million during the quarter, compared to analysts’ expectations of $246.17 million. Research analysts predict that Getty Images Holdings, Inc. will post 0.08 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

GETY has been the topic of a number of analyst reports. Citigroup dropped their price objective on shares of Getty Images from $1.85 to $0.85 and set a “neutral” rating on the stock in a research note on Monday, February 23rd. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Getty Images in a research note on Thursday, January 22nd. Finally, Zacks Research lowered shares of Getty Images from a “hold” rating to a “strong sell” rating in a report on Friday, March 20th. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Reduce” and an average price target of $3.78.

Getty Images News Roundup

Here are the key news stories impacting Getty Images this week:

• Neutral Sentiment: Recent fundamentals remain weak: Getty missed on EPS in its Mar. 16 quarter (reported ($0.22) vs. $0.03 expected) despite revenue above estimates; the company has negative margins and elevated debt-to-equity. MarketBeat: GETY fundamentals and earnings
• Negative Sentiment: CEO Craig Warren Peters sold 167,403 shares (~$130,574), reducing his stake ~11.5%. SEC Filing – Craig Peters sale
• Negative Sentiment: Grant Farhall sold 42,022 shares (~$32,777), trimming his holding by ~12.7%. SEC Filing – Grant Farhall sale
• Negative Sentiment: CMO Gene Foca and CFO Jennifer Leyden each sold 31,576 shares (~$24,629 each), reducing stakes by ~5.9% and ~9.1% respectively. SEC Filing – Gene Foca sale SEC Filing – Jennifer Leyden sale
• Negative Sentiment: SVPs Kenneth Arrigo Mainardis (29,565 shares) and Peter Orlowsky (22,081 shares) also sold portions of their stakes. SEC Filing – Kenneth Arrigo Mainardis sale SEC Filing – Peter Orlowsky sale
• Negative Sentiment: CTO Nathaniel Gandert sold 21,349 shares (~$16,652). SEC Filing – Nathaniel Gandert sale
• Negative Sentiment: Other insider sales: Cho Mikael (two transactions totaling 26,476 shares), Daine Marc Weston (12,928), and Michael Teaster (6,587). SEC Filings – Cho Mikael sales SEC Filing – Daine Marc Weston sale SEC Filing – Michael Teaster sale

Institutional Trading of Getty Images

Hedge funds have recently made changes to their positions in the stock. AQR Capital Management LLC raised its holdings in Getty Images by 1,201.6% in the first quarter. AQR Capital Management LLC now owns 275,296 shares of the company’s stock valued at $476,000 after acquiring an additional 254,146 shares in the last quarter. Geode Capital Management LLC boosted its stake in Getty Images by 14.0% during the 2nd quarter. Geode Capital Management LLC now owns 1,866,490 shares of the company’s stock valued at $3,099,000 after acquiring an additional 228,532 shares during the last quarter. Creative Planning acquired a new position in Getty Images during the 2nd quarter worth $75,000. Intech Investment Management LLC grew its holdings in Getty Images by 19.3% during the 2nd quarter. Intech Investment Management LLC now owns 68,843 shares of the company’s stock worth $114,000 after acquiring an additional 11,121 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position 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 purchasing an additional 742,008 shares during the last quarter. Institutional investors and hedge funds own 45.75% of the company’s stock.

Getty Images Company Profile

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.