Michael Teaster Sells 38,100 Shares of Getty Images (NYSE:GETY) Stock

Getty Images Holdings, Inc. (NYSE:GETY) insider Michael Teaster sold 38,100 shares of the company’s stock in a transaction on Friday, June 5th. The stock was sold at an average price of $0.79, for a total transaction of $30,099.00. Following the sale, the insider directly owned 488,862 shares of the company’s stock, valued at approximately $386,200.98. This trade represents a 7.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Michael Teaster also recently made the following trade(s):

• On Wednesday, March 25th, Michael Teaster sold 6,587 shares of Getty Images stock. The shares were sold at an average price of $0.78, for a total transaction of $5,137.86.

Getty Images Stock Performance

NYSE:GETY opened at $0.76 on Friday. The company has a debt-to-equity ratio of 2.13, a current ratio of 0.76 and a quick ratio of 0.76. The firm has a 50-day moving average of $0.88 and a two-hundred day moving average of $1.07. The stock has a market cap of $316.73 million, a P/E ratio of -2.91 and a beta of 2.03. Getty Images Holdings, Inc. has a 1-year low of $0.67 and a 1-year high of $3.21.

Getty Images (NYSE:GETY) last posted its quarterly earnings data on Monday, May 11th. The company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.02). The firm had revenue of $226.57 million during the quarter, compared to analysts’ expectations of $238.90 million. Getty Images had a negative net margin of 10.94% and a negative return on equity of 17.01%. On average, research analysts expect that Getty Images Holdings, Inc. will post -0.03 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

GETY has been the topic of a number of recent analyst reports. Zacks Research upgraded shares of Getty Images from a “strong sell” rating to a “hold” rating in a research note on Monday, May 18th. Citigroup dropped their price target on shares of Getty Images from $1.85 to $0.85 and set a “neutral” rating on the stock in a research note on Monday, February 23rd. Weiss Ratings lowered shares of Getty Images from a “sell (d)” rating to a “sell (e+)” rating in a research note on Tuesday, May 12th. Finally, Wedbush reiterated an “outperform” rating and set a $7.00 price objective on shares of Getty Images in a research note on Tuesday, May 12th. One analyst has rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Getty Images currently has an average rating of “Hold” and a consensus price target of $3.78.

Institutional Investors Weigh In On Getty Images

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Wealth Enhancement Advisory Services LLC lifted its position in Getty Images by 47.2% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 15,870 shares of the company’s stock worth $33,000 after buying an additional 5,089 shares in the last quarter. Cerity Partners LLC bought a new position in Getty Images in the 2nd quarter worth $32,000. Savant Capital LLC bought a new position in Getty Images in the 3rd quarter worth $40,000. BNP Paribas Financial Markets raised its holdings in Getty Images by 103.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 21,794 shares of the company’s stock worth $43,000 after acquiring an additional 11,066 shares during the period. Finally, Certuity LLC acquired a new stake in Getty Images in the 4th quarter worth $33,000. Hedge funds and other institutional investors own 45.75% of the company’s stock.

About Getty Images

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.