Getty Images (NYSE:GETY) CTO Nathaniel Gandert Sells 21,349 Shares

Getty Images Holdings, Inc. (NYSE:GETY) CTO Nathaniel Gandert sold 21,349 shares of the firm’s stock in a transaction on Wednesday, March 25th. The stock was sold at an average price of $0.78, for a total value of $16,652.22. Following the completion of the transaction, the chief technology officer directly owned 590,242 shares of the company’s stock, valued at approximately $460,388.76. This trade represents a 3.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Getty Images Trading Down 3.9%

Shares of Getty Images stock opened at $0.75 on Friday. Getty Images Holdings, Inc. has a 52-week low of $0.67 and a 52-week high of $3.21. The firm has a market capitalization of $312.07 million, a PE ratio of -1.49 and a beta of 2.13. The company has a debt-to-equity ratio of 2.12, a current ratio of 0.77 and a quick ratio of 0.77. The company’s fifty day moving average price is $0.96 and its two-hundred day moving average price is $1.45.

Getty Images (NYSE:GETY) last released its quarterly earnings data on Monday, March 16th. The company reported ($0.22) EPS for the quarter, missing analysts’ consensus estimates 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 business had revenue of $282.29 million for the quarter, compared to the consensus estimate of $246.17 million. On average, analysts expect that Getty Images Holdings, Inc. will post 0.08 EPS for the current year.

Hedge Funds Weigh In On Getty Images

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. State of Alaska Department of Revenue bought a new stake in Getty Images during the third quarter worth about $25,000. Cerity Partners LLC bought a new position in shares of Getty Images in the second quarter valued at approximately $32,000. Certuity LLC acquired a new position in shares of Getty Images in the 4th quarter worth approximately $33,000. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Getty Images by 47.2% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 15,870 shares of the company’s stock worth $33,000 after acquiring an additional 5,089 shares in the last quarter. Finally, Founders Financial Securities LLC bought a new stake in Getty Images during the 4th quarter worth approximately $35,000. 45.75% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on GETY shares. Citigroup decreased their price objective on Getty Images from $1.85 to $0.85 and set a “neutral” rating on the stock in a report on Monday, February 23rd. Weiss Ratings restated a “sell (d)” rating on shares of Getty Images in a research report on Thursday, January 22nd. Finally, Zacks Research lowered Getty Images from a “hold” rating to a “strong sell” rating in a research note on Friday, March 20th. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average price target of $3.78.

Key Getty Images News

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

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.