Getty Images Holdings, Inc. (NYSE:GETY - Get Free Report) SVP Kenneth Arrigo Mainardis sold 5,872 shares of the business's stock in a transaction on Wednesday, June 25th. The shares were sold at an average price of $1.77, for a total transaction of $10,393.44. Following the transaction, the senior vice president now owns 217,715 shares of the company's stock, valued at $385,355.55. This trade represents a 2.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Getty Images Stock Down 2.0%
Shares of NYSE:GETY opened at $1.72 on Friday. The company has a debt-to-equity ratio of 2.04, a quick ratio of 0.72 and a current ratio of 0.72. The firm has a market capitalization of $709.02 million, a PE ratio of -9.03 and a beta of 1.91. The firm has a fifty day moving average of $1.82 and a 200 day moving average of $2.10. Getty Images Holdings, Inc. has a 52-week low of $1.25 and a 52-week high of $4.49.
Getty Images (NYSE:GETY - Get Free Report) last posted its quarterly earnings results on Monday, May 12th. The company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.17). The business had revenue of $224.08 million during the quarter, compared to the consensus estimate of $236.01 million. Getty Images had a negative return on equity of 8.87% and a negative net margin of 8.13%. The business's revenue for the quarter was up .8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.03 earnings per share. As a group, research analysts anticipate that Getty Images Holdings, Inc. will post 0.08 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
Several research analysts recently issued reports on GETY shares. Benchmark cut their target price on shares of Getty Images from $4.50 to $3.50 and set a "buy" rating for the company in a research report on Tuesday, May 13th. Wall Street Zen lowered shares of Getty Images from a "buy" rating to a "sell" rating in a research report on Thursday, May 22nd. Citigroup reiterated a "neutral" rating and issued a $2.45 target price on shares of Getty Images in a research report on Monday, March 24th. Finally, Wedbush reiterated an "outperform" rating and issued a $7.70 target price on shares of Getty Images in a research report on Tuesday, May 6th. Two analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $4.35.
Get Our Latest Research Report on Getty Images
Institutional Trading of Getty Images
Hedge funds have recently added to or reduced their stakes in the business. Koch Inc. bought a new stake in Getty Images in the fourth quarter worth $174,385,000. Wells Fargo & Company MN lifted its stake in Getty Images by 47.8% in the fourth quarter. Wells Fargo & Company MN now owns 49,378 shares of the company's stock worth $107,000 after purchasing an additional 15,978 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in Getty Images by 71.2% in the fourth quarter. Bank of New York Mellon Corp now owns 352,388 shares of the company's stock worth $761,000 after purchasing an additional 146,576 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Getty Images by 24.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 64,007 shares of the company's stock worth $138,000 after purchasing an additional 12,542 shares during the last quarter. Finally, Vanguard Group Inc. lifted its stake in Getty Images by 7.3% in the fourth quarter. Vanguard Group Inc. now owns 10,225,249 shares of the company's stock worth $22,087,000 after purchasing an additional 698,829 shares during the last quarter. 45.75% of the stock is owned by institutional investors.
About Getty Images
(
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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.
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