Getty Images Holdings, Inc. (NYSE:GETY) Director Sells $421,106.36 in Stock

Getty Images Holdings, Inc. (NYSE:GETY) Director Chinh Chu sold 95,924 shares of the company’s stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $4.39, for a total transaction of $421,106.36. Following the sale, the director now directly owns 9,308,588 shares in the company, valued at approximately $40,864,701.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Chinh Chu also recently made the following trade(s):

• On Wednesday, March 27th, Chinh Chu sold 213,811 shares of Getty Images stock. The shares were sold at an average price of $4.19, for a total transaction of $895,868.09.
• On Monday, March 25th, Chinh Chu sold 117,739 shares of Getty Images stock. The stock was sold at an average price of $4.14, for a total transaction of $487,439.46.
• On Wednesday, March 20th, Chinh Chu sold 238,520 shares of Getty Images stock. The stock was sold at an average price of $4.95, for a total transaction of $1,180,674.00.

Getty Images Stock Down 2.6 %

NYSE:GETY opened at $4.15 on Friday. Getty Images Holdings, Inc. has a fifty-two week low of $3.65 and a fifty-two week high of $8.18. The stock has a market capitalization of $1.68 billion, a P/E ratio of 103.75 and a beta of 2.15. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.84 and a current ratio of 0.84. The company’s 50-day simple moving average is $4.56 and its 200-day simple moving average is $4.98.

Getty Images (NYSE:GETY) last released its earnings results on Thursday, March 14th. The company reported $0.09 EPS for the quarter. The company had revenue of $225.94 million during the quarter, compared to analysts’ expectations of $227.00 million. Getty Images had a net margin of 2.11% and a return on equity of 9.30%. On average, equities analysts anticipate that Getty Images Holdings, Inc. will post 0.06 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on GETY. Citigroup upped their price target on shares of Getty Images from $5.50 to $6.00 and gave the stock a “buy” rating in a report on Friday, March 15th. Benchmark upped their price target on shares of Getty Images from $7.00 to $8.00 and gave the stock a “buy” rating in a report on Friday, March 15th. Finally, Wedbush restated an “outperform” rating and issued a $7.70 price target on shares of Getty Images in a report on Friday, March 15th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Getty Images currently has an average rating of “Moderate Buy” and a consensus price target of $6.35.

Institutional Trading of Getty Images

Several institutional investors and hedge funds have recently bought and sold shares of GETY. Skandinaviska Enskilda Banken AB publ purchased a new position in shares of Getty Images during the 3rd quarter valued at approximately $26,000. Tower Research Capital LLC TRC purchased a new stake in Getty Images in the 3rd quarter worth $28,000. UBS Group AG purchased a new stake in Getty Images in the 1st quarter worth $28,000. Lazard Asset Management LLC purchased a new stake in Getty Images in the 2nd quarter worth $41,000. Finally, State Street Corp purchased a new stake in Getty Images in the 3rd quarter worth $73,000. 45.75% of the stock is currently owned by institutional investors and hedge funds.

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.