Insider Selling: Getty Images Holdings, Inc. (NYSE:GETY) CEO Sells 32,753 Shares of Stock

Getty Images Holdings, Inc. (NYSE:GETY) CEO Craig Warren Peters sold 32,753 shares of the company’s stock in a transaction dated Tuesday, December 24th. The stock was sold at an average price of $2.20, for a total transaction of $72,056.60. Following the completion of the sale, the chief executive officer now directly owns 1,212,648 shares of the company’s stock, valued at $2,667,825.60. The trade was a 2.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Getty Images Stock Performance

NYSE GETY traded up $0.05 on Thursday, hitting $2.29. 730,765 shares of the stock traded hands, compared to its average volume of 488,949. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.79 and a current ratio of 0.79. The business’s fifty day moving average is $3.21 and its two-hundred day moving average is $3.42. Getty Images Holdings, Inc. has a 12 month low of $2.10 and a 12 month high of $5.77. The firm has a market capitalization of $941.36 million, a price-to-earnings ratio of 19.08 and a beta of 1.86.

Hedge Funds Weigh In On Getty Images

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp purchased a new position in Getty Images during the second quarter valued at approximately $910,000. Principal Financial Group Inc. purchased a new stake in shares of Getty Images in the 2nd quarter valued at about $44,000. Spartan Fund Management Inc. bought a new stake in Getty Images during the second quarter valued at approximately $33,000. CIBC Asset Management Inc purchased a new position in Getty Images in the second quarter worth $36,000. Finally, Rhumbline Advisers purchased a new position in shares of Getty Images in the 2nd quarter worth about $392,000. Institutional investors own 45.75% of the company’s stock.

Wall Street Analysts Forecast Growth

GETY has been the topic of a number of research analyst reports. JPMorgan Chase & Co. restated an “underweight” rating on shares of Getty Images in a research note on Wednesday, December 18th. Macquarie upped their price objective on Getty Images from $3.50 to $3.75 and gave the company a “neutral” rating in a research note on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Getty Images presently has an average rating of “Hold” and a consensus target price of $5.61.

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.