Getty Images (NYSE:GETY) Insider Grant Farhall Sells 42,022 Shares of Stock

Getty Images Holdings, Inc. (NYSE:GETY) insider Grant Farhall sold 42,022 shares of the business’s stock in a transaction on Wednesday, March 25th. The shares were sold at an average price of $0.78, for a total transaction of $32,777.16. Following the completion of the sale, the insider directly owned 288,190 shares in the company, valued at $224,788.20. This trade represents a 12.73% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Getty Images Trading Down 3.9%

Shares of GETY stock opened at $0.75 on Friday. The firm has a fifty day moving average of $0.96 and a 200-day moving average of $1.45. The stock has a market cap of $312.07 million, a price-to-earnings ratio of -1.49 and a beta of 2.13. Getty Images Holdings, Inc. has a 52-week low of $0.67 and a 52-week high of $3.21. The company has a debt-to-equity ratio of 2.12, a quick ratio of 0.77 and a current 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). The business had revenue of $282.29 million for the quarter, compared to analyst estimates of $246.17 million. Getty Images had a negative net margin of 21.00% and a negative return on equity of 25.05%. On average, equities research analysts forecast that Getty Images Holdings, Inc. will post 0.08 earnings per share for the current fiscal year.

Trending Headlines about Getty Images

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

Wall Street Analyst Weigh In

Several research firms have recently weighed in on GETY. Zacks Research lowered Getty Images from a “hold” rating to a “strong sell” rating in a research note on Friday, March 20th. Weiss Ratings restated a “sell (d)” rating on shares of Getty Images in a research report on Thursday, January 22nd. Finally, Citigroup lowered their price target on Getty Images from $1.85 to $0.85 and set a “neutral” rating on the stock in a research report on Monday, February 23rd. One research 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, Getty Images has a consensus rating of “Reduce” and an average target price of $3.78.

Institutional Trading of Getty Images

Several hedge funds have recently modified their holdings of GETY. Wealth Enhancement Advisory Services LLC raised its stake in shares of Getty Images by 47.2% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 15,870 shares of the company’s stock valued at $33,000 after acquiring an additional 5,089 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in Getty Images by 16.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 49,458 shares of the company’s stock worth $82,000 after acquiring an additional 6,856 shares during the last quarter. Alliancebernstein L.P. increased its holdings in Getty Images by 12.4% during the 3rd quarter. Alliancebernstein L.P. now owns 80,520 shares of the company’s stock valued at $159,000 after purchasing an additional 8,900 shares in the last quarter. Intech Investment Management LLC increased its holdings in Getty Images by 14.7% during the 4th quarter. Intech Investment Management LLC now owns 71,564 shares of the company’s stock valued at $96,000 after purchasing an additional 9,173 shares in the last quarter. Finally, Polymer Capital Management US LLC raised its position in Getty Images by 7.9% in the 3rd quarter. Polymer Capital Management US LLC now owns 136,798 shares of the company’s stock valued at $271,000 after purchasing an additional 10,007 shares during the last quarter. 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.