Cho Mikael Sells 5,744 Shares of Getty Images Holdings, Inc. (NYSE:GETY) Stock

Getty Images Holdings, Inc. (NYSE:GETY) SVP Cho Mikael sold 5,744 shares of Getty Images stock in a transaction dated Tuesday, June 25th. The stock was sold at an average price of $3.23, for a total value of $18,553.12. Following the sale, the senior vice president now owns 111,450 shares of the company’s stock, valued at approximately $359,983.50. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Getty Images Stock Performance

NYSE GETY opened at $3.26 on Friday. The firm has a market capitalization of $1.33 billion, a P/E ratio of 54.33 and a beta of 2.09. Getty Images Holdings, Inc. has a 1-year low of $2.93 and a 1-year high of $7.35. The company has a debt-to-equity ratio of 2.01, a current ratio of 0.86 and a quick ratio of 0.86. The business’s 50-day simple moving average is $3.66 and its 200-day simple moving average is $4.27.

Getty Images (NYSE:GETY) last released its quarterly earnings results on Thursday, May 9th. The company reported $0.01 EPS for the quarter, hitting the consensus estimate of $0.01. The firm had revenue of $222.28 million for the quarter, compared to analyst estimates of $223.29 million. Getty Images had a return on equity of 9.18% and a net margin of 3.33%. Equities analysts predict that Getty Images Holdings, Inc. will post 0.13 EPS for the current year.

Analyst Upgrades and Downgrades

GETY has been the subject of a number of recent research reports. Benchmark dropped their price objective on Getty Images from $8.00 to $6.00 and set a “buy” rating for the company in a research report on Friday, May 10th. Citigroup lifted their price target on Getty Images from $5.50 to $6.00 and gave the company a “buy” rating in a report on Friday, March 15th. Finally, Wedbush restated an “outperform” rating and issued a $7.70 price target on shares of Getty Images in a report on Monday, May 6th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Getty Images has a consensus rating of “Moderate Buy” and an average price target of $6.08.

Hedge Funds Weigh In On Getty Images

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Victory Capital Management Inc. lifted its position in Getty Images by 20.4% during the 4th quarter. Victory Capital Management Inc. now owns 25,309 shares of the company’s stock worth $133,000 after acquiring an additional 4,281 shares in the last quarter. Corton Capital Inc. boosted its stake in shares of Getty Images by 49.3% during the 3rd quarter. Corton Capital Inc. now owns 16,864 shares of the company’s stock valued at $109,000 after buying an additional 5,571 shares during the last quarter. Natixis purchased a new position in shares of Getty Images during the 1st quarter valued at approximately $42,000. EntryPoint Capital LLC purchased a new position in shares of Getty Images during the 1st quarter valued at approximately $47,000. Finally, Kessler Investment Group LLC purchased a new position in shares of Getty Images during the 1st quarter valued at approximately $89,000. 45.75% of the stock is owned by institutional investors and hedge funds.

Getty Images Company Profile

Getty Images Holdings, Inc offers creative and editorial visual content solutions in the Americas, Europe, the Middle East, Africa, and Asia-Pacific. Its products include Getty Images that offers creative and editorial content including stills, music and video which focuses on corporate, agency, and media customers; iStock.com, an e-commerce offering where customers have access to creative stills and video; Unsplash.com, a platform offering free stock photo downloads and paid subscriptions targeted to the high-growth prosumer and semi-professional creator segments; and Unsplash+ that provides access to unique model released content with expanded legal protections.