Craig Warren Peters Sells 32,170 Shares of Getty Images Holdings, Inc. (NYSE:GETY) Stock

Getty Images Holdings, Inc. (NYSE:GETY) CEO Craig Warren Peters sold 32,170 shares of Getty Images stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $3.61, for a total value of $116,133.70. Following the transaction, the chief executive officer now directly owns 1,245,401 shares in the company, valued at $4,495,897.61. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Getty Images Stock Performance

Shares of GETY stock opened at $3.88 on Friday. The firm has a 50 day moving average of $3.55 and a 200-day moving average of $3.72. The company has a market cap of $1.59 billion, a price-to-earnings ratio of 64.67 and a beta of 2.05. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 1.92. Getty Images Holdings, Inc. has a 52 week low of $2.88 and a 52 week high of $6.57.

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

Institutional Trading of Getty Images

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Byrne Asset Management LLC grew its stake in Getty Images by 95.7% in the second quarter. Byrne Asset Management LLC now owns 9,200 shares of the company’s stock valued at $29,000 after acquiring an additional 4,500 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Getty Images by 18.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 47,447 shares of the company’s stock worth $155,000 after purchasing an additional 7,267 shares in the last quarter. Spartan Fund Management Inc. bought a new position in shares of Getty Images in the 2nd quarter worth $33,000. Natixis acquired a new stake in Getty Images in the 1st quarter valued at $42,000. Finally, Kessler Investment Group LLC raised its holdings in Getty Images by 47.6% during the second quarter. Kessler Investment Group LLC now owns 31,580 shares of the company’s stock worth $103,000 after buying an additional 10,178 shares during the last quarter. 45.75% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

GETY has been the subject of a number of analyst reports. Macquarie lowered their price objective on Getty Images from $4.00 to $3.50 and set a “neutral” rating for the company in a research report on Monday, August 12th. Benchmark restated a “buy” rating and set a $6.00 price target on shares of Getty Images in a report on Tuesday, August 13th. Finally, Citigroup reduced their price objective on shares of Getty Images from $6.00 to $5.00 and set a “buy” rating on the stock in a research note on Tuesday, August 13th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, Getty Images has an average rating of “Moderate Buy” and an average target price of $5.64.

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.