Getty Images (NYSE:GETY) CEO Craig Warren Peters Sells 167,403 Shares

Getty Images Holdings, Inc. (NYSE:GETY) CEO Craig Warren Peters sold 167,403 shares of Getty Images stock in a transaction on Wednesday, March 25th. The stock was sold at an average price of $0.78, for a total transaction of $130,574.34. Following the transaction, the chief executive officer directly owned 1,289,548 shares in the company, valued at approximately $1,005,847.44. This represents a 11.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Getty Images Price Performance

GETY opened at $0.75 on Friday. The stock has a market cap of $312.07 million, a P/E 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 quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 2.12. The company has a fifty day simple moving average of $0.96 and a 200 day simple moving average of $1.45.

Getty Images (NYSE:GETY) last posted 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 business had revenue of $282.29 million for the quarter, compared to the consensus estimate of $246.17 million. On average, research analysts expect that Getty Images Holdings, Inc. will post 0.08 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Zacks Research cut Getty Images from a “hold” rating to a “strong sell” rating in a research note on Friday, March 20th. Citigroup cut their price target 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. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Getty Images in a research report on Thursday, January 22nd. 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. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average target price of $3.78.

Institutional Investors Weigh In On Getty Images

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. State of Alaska Department of Revenue acquired a new position in Getty Images during the 3rd quarter worth approximately $25,000. Cerity Partners LLC bought a new stake in shares of Getty Images in the second quarter worth $32,000. Certuity LLC bought a new stake in shares of Getty Images in the fourth quarter worth $33,000. Wealth Enhancement Advisory Services LLC boosted its holdings in Getty Images by 47.2% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 15,870 shares of the company’s stock worth $33,000 after purchasing an additional 5,089 shares during the last quarter. Finally, Founders Financial Securities LLC acquired a new position in Getty Images during the fourth quarter worth $35,000. Institutional investors and hedge funds own 45.75% of the company’s stock.

Key Stories Impacting 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

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.