Craig Warren Peters Sells 32,977 Shares of Getty Images Holdings, Inc. (NYSE:GETY) Stock

Getty Images Holdings, Inc. (NYSE:GETY) CEO Craig Warren Peters sold 32,977 shares of Getty Images stock in a transaction that occurred on Tuesday, June 25th. The stock was sold at an average price of $3.23, for a total transaction of $106,515.71. Following the completion of the sale, the chief executive officer now directly owns 1,211,071 shares of the company’s stock, valued at approximately $3,911,759.33. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Getty Images Trading Up 2.5 %

Shares of GETY stock opened at $3.26 on Friday. Getty Images Holdings, Inc. has a 1 year low of $2.93 and a 1 year high of $7.35. The firm has a fifty day moving average price of $3.66 and a 200-day moving average price of $4.27. 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 company has a market cap of $1.33 billion, a price-to-earnings ratio of 54.33 and a beta of 2.09.

Getty Images (NYSE:GETY) last released its earnings results on Thursday, May 9th. The company reported $0.01 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.01. Getty Images had a net margin of 3.33% and a return on equity of 9.18%. The company had revenue of $222.28 million for the quarter, compared to analysts’ expectations of $223.29 million. As a group, equities analysts predict that Getty Images Holdings, Inc. will post 0.13 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Benchmark cut their target price on shares of 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 target price on shares of Getty Images from $5.50 to $6.00 and gave the stock a “buy” rating in a research report on Friday, March 15th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $7.70 target price on shares of Getty Images in a research report on Monday, May 6th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $6.08.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Natixis purchased a new position in shares of Getty Images during the 1st quarter valued at $42,000. EntryPoint Capital LLC purchased a new position in shares of Getty Images during the 1st quarter valued at $47,000. Corton Capital Inc. lifted 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 in the last quarter. Kessler Investment Group LLC purchased a new stake in Getty Images in the 1st quarter worth $89,000. Finally, Fifth Lane Capital LP purchased a new stake in Getty Images in the 1st quarter worth $104,000. Hedge funds and other institutional investors own 45.75% of the company’s stock.

About Getty Images

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.