Insider Selling: Getty Images (NYSE:GETY) VP Sells $10,083.84 in Stock

Getty Images Holdings, Inc. (NYSE:GETY) VP Daine Marc Weston sold 12,928 shares of the business’s stock in a transaction dated Wednesday, March 25th. The shares were sold at an average price of $0.78, for a total value of $10,083.84. Following the completion of the transaction, the vice president owned 142,159 shares in the company, valued at $110,884.02. This trade represents a 8.34% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Getty Images Stock Down 0.3%

GETY opened at $0.74 on Tuesday. Getty Images Holdings, Inc. has a 52 week low of $0.67 and a 52 week high of $3.21. The business has a 50 day moving average price of $0.95 and a two-hundred day moving average price of $1.44. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 2.12. The company has a market cap of $310.40 million, a PE ratio of -1.49 and a beta of 2.14.

Getty Images (NYSE:GETY) last announced its earnings results on Monday, March 16th. The company reported ($0.22) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.25). The company had revenue of $282.29 million during the quarter, compared to analysts’ expectations of $246.17 million. Getty Images had a negative net margin of 21.00% and a negative return on equity of 25.05%. As a group, research analysts anticipate that Getty Images Holdings, Inc. will post 0.08 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on GETY. Citigroup lowered their price objective on shares of Getty Images from $1.85 to $0.85 and set a “neutral” rating on the stock in a research report on Monday, February 23rd. Weiss Ratings restated a “sell (d)” rating on shares of Getty Images in a research note on Thursday, January 22nd. Finally, Zacks Research downgraded shares of Getty Images from a “hold” rating to a “strong sell” rating in a report on Friday, March 20th. One analyst has rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus target price of $3.78.

Institutional Trading of Getty Images

Hedge funds have recently modified their holdings of the business. Koch Inc. boosted its stake in shares of Getty Images by 42.8% in the fourth quarter. Koch Inc. now owns 115,259,246 shares of the company’s stock valued at $154,447,000 after buying an additional 34,525,639 shares in the last quarter. Readystate Asset Management LP purchased a new position in Getty Images in the fourth quarter worth $3,071,000. Millennium Management LLC raised its position in Getty Images by 160.7% in the fourth quarter. Millennium Management LLC now owns 1,530,821 shares of the company’s stock worth $2,051,000 after acquiring an additional 943,567 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Getty Images by 43.8% in the second quarter. JPMorgan Chase & Co. now owns 2,434,545 shares of the company’s stock valued at $4,041,000 after acquiring an additional 742,008 shares during the period. Finally, Callodine Capital Management LP acquired a new stake in Getty Images in the fourth quarter valued at $670,000. 45.75% of the stock is owned by institutional investors and hedge funds.

Getty Images Company Profile

Getty Images (NYSE: GETY) is a leading global provider of digital visual content, offering an extensive library of stock photography, editorial imagery, video footage and music. The company supplies creative and rights-managed assets to a broad range of industries, including advertising, media, corporate communications and publishing. Through its online platform and licensing services, Getty Images enables customers to search, license and download multimedia content for commercial and editorial use.

Founded in 1995 by Mark Getty and Jonathan Klein, Getty Images pioneered the aggregation of photographic archives into a centralized, digital marketplace.