Gene Foca Sells 6,062 Shares of Getty Images Holdings, Inc. (NYSE:GETY) Stock

Getty Images Holdings, Inc. (NYSE:GETY) CMO Gene Foca sold 6,062 shares of the stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $3.61, for a total transaction of $21,883.82. Following the transaction, the chief marketing officer now owns 451,947 shares in the company, valued at approximately $1,631,528.67. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Getty Images Price Performance

NYSE GETY opened at $3.88 on Friday. The stock has a 50-day simple moving average of $3.55 and a 200 day simple moving average of $3.72. Getty Images Holdings, Inc. has a twelve month low of $2.88 and a twelve month high of $6.57. The stock has a market capitalization of $1.59 billion, a PE ratio of 64.67 and a beta of 2.05. The company has a debt-to-equity ratio of 1.92, a quick ratio of 0.78 and a current ratio of 0.78.

Getty Images (NYSE:GETY) last issued 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). The business had revenue of $229.14 million for the quarter, compared to analyst estimates of $228.42 million. Getty Images had a return on equity of 9.36% and a net margin of 4.19%. The company’s revenue was up 1.5% compared to the same quarter last year. Research analysts anticipate that Getty Images Holdings, Inc. will post 0.11 EPS for the current year.

Institutional Trading of Getty Images

A number of hedge funds have recently bought and sold shares of GETY. Ninety One UK Ltd bought a new position in shares of Getty Images during the 2nd quarter worth about $583,000. Bank of New York Mellon Corp acquired a new stake in Getty Images during the second quarter worth about $910,000. Natixis bought a new position in Getty Images during the first quarter valued at about $42,000. Nisa Investment Advisors LLC acquired a new position in Getty Images in the 2nd quarter valued at approximately $49,000. Finally, EntryPoint Capital LLC bought a new stake in shares of Getty Images in the 1st quarter worth approximately $47,000. 45.75% of the stock is owned by institutional investors.

Analysts Set New Price Targets

GETY has been the subject of a number of recent research reports. Macquarie decreased their price objective on shares of Getty Images from $4.00 to $3.50 and set a “neutral” rating for the company in a report on Monday, August 12th. Citigroup decreased their price target on Getty Images from $6.00 to $5.00 and set a “buy” rating for the company in a research note on Tuesday, August 13th. Finally, Benchmark reissued a “buy” rating and issued a $6.00 price objective on shares of Getty Images in a research note on Tuesday, August 13th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $5.64.

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.