Getty Images (NYSE:GETY) VP Daine Marc Weston Sells 12,928 Shares of Stock

Getty Images Holdings, Inc. (NYSE:GETY) VP Daine Marc Weston sold 12,928 shares of the business’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 $10,083.84. Following the transaction, the vice president directly owned 142,159 shares of the company’s stock, valued at $110,884.02. The trade was a 8.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Getty Images Price Performance

Shares of NYSE:GETY opened at $0.75 on Friday. The firm’s 50 day moving average is $0.96 and its two-hundred day moving average is $1.45. 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 P/E ratio of -1.49 and a beta of 2.13. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 2.12.

Getty Images (NYSE:GETY) last issued 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 for the quarter, compared to analyst estimates of $246.17 million. Analysts anticipate that Getty Images Holdings, Inc. will post 0.08 earnings per share for the current year.

Institutional Investors Weigh In On Getty Images

A number of institutional investors have recently added to or reduced their stakes in GETY. Koch Inc. boosted its stake in Getty Images by 42.8% during the 4th quarter. Koch Inc. now owns 115,259,246 shares of the company’s stock valued at $154,447,000 after purchasing an additional 34,525,639 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Getty Images by 43.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,434,545 shares of the company’s stock worth $4,041,000 after buying an additional 742,008 shares in the last quarter. Readystate Asset Management LP acquired a new stake in shares of Getty Images in the fourth quarter valued at $3,071,000. Geode Capital Management LLC lifted its holdings in shares of Getty Images by 14.0% in the second quarter. Geode Capital Management LLC now owns 1,866,490 shares of the company’s stock valued at $3,099,000 after buying an additional 228,532 shares during the period. Finally, Millennium Management LLC boosted its stake in Getty Images by 160.7% during the fourth quarter. Millennium Management LLC now owns 1,530,821 shares of the company’s stock valued at $2,051,000 after buying an additional 943,567 shares in the last quarter. 45.75% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently issued reports on GETY shares. Zacks Research cut Getty Images from a “hold” rating to a “strong sell” rating in a research note on Friday, March 20th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Getty Images in a report on Thursday, January 22nd. Finally, Citigroup decreased 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. One analyst has rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Reduce” and an average price target of $3.78.

Key Headlines 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.