Cho Mikael Sells 5,744 Shares of Getty Images Holdings, Inc. (NYSE:GETY) Stock

Getty Images Holdings, Inc. (NYSE:GETY) SVP Cho Mikael sold 5,744 shares of Getty Images stock in a transaction dated Tuesday, June 25th. The stock was sold at an average price of $3.23, for a total transaction of $18,553.12. Following the completion of the transaction, the senior vice president now directly owns 111,450 shares of the company’s stock, valued at $359,983.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Getty Images Stock Performance

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

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

Wall Street Analyst Weigh In

Several brokerages recently weighed in on GETY. Citigroup raised their price target on shares of Getty Images from $5.50 to $6.00 and gave the company a “buy” rating in a research report on Friday, March 15th. Wedbush reaffirmed an “outperform” rating and set a $7.70 price target on shares of Getty Images in a report on Monday, May 6th. Finally, Benchmark reduced their price objective on Getty Images from $8.00 to $6.00 and set a “buy” rating for the company in a report on Friday, May 10th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $6.08.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Natixis bought a new position in Getty Images in the 1st quarter worth $42,000. EntryPoint Capital LLC purchased a new stake in Getty Images in the first quarter worth about $47,000. Kessler Investment Group LLC bought a new position in shares of Getty Images in the first quarter worth about $89,000. Fifth Lane Capital LP purchased a new position in shares of Getty Images during the 1st quarter valued at about $104,000. Finally, Corton Capital Inc. grew its stake in shares of Getty Images by 49.3% during the 3rd quarter. Corton Capital Inc. now owns 16,864 shares of the company’s stock valued at $109,000 after acquiring an additional 5,571 shares during the period. Hedge funds and other 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.