Getty Images (NYSE:GETY) SVP Peter Orlowsky Sells 22,081 Shares

Getty Images Holdings, Inc. (NYSE:GETY) SVP Peter Orlowsky sold 22,081 shares of the stock in a transaction that occurred on Wednesday, March 25th. The stock was sold at an average price of $0.78, for a total value of $17,223.18. Following the transaction, the senior vice president directly owned 252,890 shares of the company’s stock, valued at approximately $197,254.20. This trade represents a 8.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Getty Images Stock Down 3.9%

Getty Images stock opened at $0.75 on Friday. 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 Holdings, Inc. has a 1-year low of $0.67 and a 1-year high of $3.21. The company has a market cap of $312.07 million, a PE ratio of -1.49 and a beta of 2.13. The stock’s 50 day moving average price is $0.96 and its 200 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) earnings per share (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 business had revenue of $282.29 million during the quarter, compared to analysts’ expectations of $246.17 million. On average, sell-side analysts predict that Getty Images Holdings, Inc. will post 0.08 EPS for the current fiscal year.

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

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in GETY. State of Alaska Department of Revenue acquired a new position in shares of Getty Images during the 3rd quarter worth $25,000. Cerity Partners LLC acquired a new stake in Getty Images in the 2nd quarter valued at about $32,000. Certuity LLC acquired a new stake in Getty Images in the 4th quarter valued at about $33,000. Wealth Enhancement Advisory Services LLC increased its holdings in Getty Images by 47.2% during the 3rd 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 in the last quarter. Finally, Founders Financial Securities LLC purchased a new position in Getty Images during the 4th quarter valued at about $35,000. Hedge funds and other institutional investors 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.