Getty Images (NYSE:GETY) SVP Kenneth Arrigo Mainardis Sells 29,565 Shares of Stock

Getty Images Holdings, Inc. (NYSE:GETY) SVP Kenneth Arrigo Mainardis sold 29,565 shares of the firm’s stock in a transaction dated Wednesday, March 25th. The shares were sold at an average price of $0.78, for a total transaction of $23,060.70. Following the completion of the transaction, the senior vice president directly owned 217,576 shares in the company, valued at $169,709.28. This represents a 11.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

Getty Images Price Performance

Shares of Getty Images stock opened at $0.75 on Friday. The stock has a market capitalization of $312.07 million, a P/E ratio of -1.49 and a beta of 2.13. The business has a 50 day simple moving average of $0.96 and a two-hundred day simple moving average of $1.45. 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 quarterly earnings results on Monday, March 16th. The company reported ($0.22) EPS 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 firm had revenue of $282.29 million for the quarter, compared to analysts’ expectations of $246.17 million. As a group, analysts predict that Getty Images Holdings, Inc. will post 0.08 EPS for the current fiscal year.

Institutional Trading of Getty Images

Large investors have recently added to or reduced their stakes in the stock. Koch Inc. increased its stake in shares of Getty Images by 42.8% in the 4th quarter. Koch Inc. now owns 115,259,246 shares of the company’s stock worth $154,447,000 after acquiring an additional 34,525,639 shares during the last quarter. Readystate Asset Management LP purchased a new position in shares of Getty Images during the 4th quarter worth $3,071,000. Millennium Management LLC boosted its position in shares of Getty Images by 160.7% during the 4th quarter. Millennium Management LLC now owns 1,530,821 shares of the company’s stock valued at $2,051,000 after acquiring an additional 943,567 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Getty Images by 43.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,434,545 shares of the company’s stock valued at $4,041,000 after acquiring an additional 742,008 shares during the last quarter. Finally, Callodine Capital Management LP purchased a new stake in shares of Getty Images in the fourth quarter valued at about $670,000. 45.75% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on GETY shares. Citigroup reduced their target price on shares of Getty Images from $1.85 to $0.85 and set a “neutral” rating for the company in a research report 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 downgraded shares of Getty Images from a “hold” rating to a “strong sell” rating in a report on Friday, March 20th. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, Getty Images presently has an average rating of “Reduce” and an average target price of $3.78.

More 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

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.