Gene Foca Sells 6,214 Shares of Getty Images Holdings, Inc. (NYSE:GETY) Stock

Getty Images Holdings, Inc. (NYSE:GETY) CMO Gene Foca sold 6,214 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 value of $20,071.22. Following the transaction, the chief marketing officer now owns 424,759 shares of the company’s stock, valued at $1,371,971.57. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Getty Images Stock Performance

GETY opened at $3.26 on Friday. The business has a fifty day simple moving average of $3.66 and a 200 day simple moving average of $4.27. The company has a market capitalization of $1.33 billion, a PE 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.

Getty Images (NYSE:GETY) last announced its quarterly earnings data on Thursday, May 9th. The company reported $0.01 earnings per share for the quarter, meeting the consensus estimate of $0.01. The firm had revenue of $222.28 million during the quarter, compared to analysts’ expectations of $223.29 million. Getty Images had a return on equity of 9.18% and a net margin of 3.33%. Research analysts expect that Getty Images Holdings, Inc. will post 0.13 EPS for the current year.

Hedge Funds Weigh In On Getty Images

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Natixis acquired a new position in Getty Images in the 1st quarter valued at $42,000. EntryPoint Capital LLC acquired a new position in Getty Images in the 1st quarter valued at $47,000. Kessler Investment Group LLC acquired a new position in Getty Images in the 1st quarter valued at $89,000. Fifth Lane Capital LP acquired a new position in Getty Images in the 1st quarter valued at $104,000. Finally, Corton Capital Inc. raised its holdings in Getty Images by 49.3% in the 3rd quarter. Corton Capital Inc. now owns 16,864 shares of the company’s stock valued at $109,000 after acquiring an additional 5,571 shares in the last quarter. 45.75% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently commented on GETY shares. Citigroup lifted their target price on Getty Images from $5.50 to $6.00 and gave the stock a “buy” rating in a research note on Friday, March 15th. Wedbush reiterated an “outperform” rating and set a $7.70 target price on shares of Getty Images in a research note on Monday, May 6th. Finally, Benchmark reduced their price target on Getty Images from $8.00 to $6.00 and set a “buy” rating for the company in a research note on Friday, May 10th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $6.08.

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.