Rhumbline Advisers Makes New $392,000 Investment in Getty Images Holdings, Inc. (NYSE:GETY)

Rhumbline Advisers purchased a new position in shares of Getty Images Holdings, Inc. (NYSE:GETY) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 120,364 shares of the company’s stock, valued at approximately $392,000.

A number of other institutional investors also recently bought and sold shares of GETY. Byrne Asset Management LLC increased its position in shares of Getty Images by 95.7% during the second quarter. Byrne Asset Management LLC now owns 9,200 shares of the company’s stock worth $29,000 after purchasing an additional 4,500 shares in the last quarter. Spartan Fund Management Inc. acquired a new stake in shares of Getty Images during the second quarter worth about $33,000. CIBC Asset Management Inc acquired a new stake in shares of Getty Images during the second quarter worth about $36,000. Natixis acquired a new stake in shares of Getty Images during the first quarter worth about $42,000. Finally, Principal Financial Group Inc. acquired a new stake in shares of Getty Images during the second quarter worth about $44,000. 45.75% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO Craig Warren Peters sold 32,170 shares of the business’s stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $3.61, for a total transaction of $116,133.70. Following the sale, the chief executive officer now owns 1,245,401 shares of the company’s stock, valued at approximately $4,495,897.61. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, General Counsel Kjelti Wilkes Kellough sold 8,070 shares of the business’s stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $3.61, for a total transaction of $29,132.70. Following the sale, the general counsel now owns 258,630 shares of the company’s stock, valued at approximately $933,654.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Craig Warren Peters sold 32,170 shares of the business’s stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $3.61, for a total value of $116,133.70. Following the sale, the chief executive officer now directly owns 1,245,401 shares in the company, valued at approximately $4,495,897.61. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 73,572 shares of company stock worth $265,595. Company insiders own 12.30% of the company’s stock.

Getty Images Stock Performance

Shares of GETY stock opened at $3.77 on Friday. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 1.92. The stock’s 50-day moving average price is $3.54 and its 200 day moving average price is $3.73. Getty Images Holdings, Inc. has a 52-week low of $2.88 and a 52-week high of $6.57. The stock has a market capitalization of $1.55 billion, a PE ratio of 62.83 and a beta of 2.05.

Getty Images (NYSE:GETY) last released its earnings results on Friday, August 9th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.01). Getty Images had a return on equity of 9.36% and a net margin of 4.19%. The business had revenue of $229.14 million for the quarter, compared to analyst estimates of $228.42 million. The company’s revenue for the quarter was up 1.5% on a year-over-year basis. As a group, equities research analysts forecast that Getty Images Holdings, Inc. will post 0.11 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on GETY shares. Macquarie cut their target price on Getty Images from $4.00 to $3.50 and set a “neutral” rating on the stock in a research report on Monday, August 12th. Benchmark restated a “buy” rating and issued a $6.00 price target on shares of Getty Images in a research report on Tuesday, August 13th. Finally, Citigroup dropped their price target on Getty Images from $6.00 to $5.00 and set a “buy” rating on the stock in a research report on Tuesday, August 13th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $5.64.

Getty Images 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.