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 the stock in a transaction that occurred on Tuesday, June 25th. The shares were sold at an average price of $3.23, for a total value of $106,515.71. Following the sale, the chief executive officer now directly owns 1,211,071 shares of the company’s stock, valued at $3,911,759.33. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Getty Images Stock Performance

Getty Images stock traded up $0.07 during midday trading on Thursday, reaching $3.18. The stock had a trading volume of 1,162,258 shares, compared to its average volume of 454,181. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 2.01. The firm has a market capitalization of $1.30 billion, a PE ratio of 52.92 and a beta of 2.09. Getty Images Holdings, Inc. has a 12 month low of $2.93 and a 12 month high of $7.35. The firm’s 50-day moving average price is $3.68 and its 200 day moving average price is $4.29.

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

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Wedbush restated an “outperform” rating and set a $7.70 price target on shares of Getty Images in a research report on Monday, May 6th. Benchmark reduced 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. Finally, Citigroup raised their price target on shares of Getty Images from $5.50 to $6.00 and gave the stock a “buy” rating in a research note on Friday, March 15th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Getty Images currently has an average rating of “Moderate Buy” and an average target price of $6.08.

Institutional Trading of Getty Images

A number of hedge funds and other institutional investors have recently bought and sold shares of GETY. Corton Capital Inc. boosted 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 purchasing an additional 5,571 shares during the period. EULAV Asset Management boosted its stake in Getty Images by 37.5% during the third quarter. EULAV Asset Management now owns 550,000 shares of the company’s stock valued at $3,570,000 after buying an additional 150,000 shares during the period. Vanguard Group Inc. purchased a new position in Getty Images during the third quarter worth about $52,554,000. Victory Capital Management Inc. increased its stake in Getty Images by 20.4% in the 4th quarter. Victory Capital Management Inc. now owns 25,309 shares of the company’s stock worth $133,000 after acquiring an additional 4,281 shares during the last quarter. Finally, Kessler Investment Group LLC purchased a new stake in shares of Getty Images in the 1st quarter valued at about $89,000. Institutional investors own 45.75% of the company’s stock.

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.