Daine Marc Weston Sells 12,928 Shares of Getty Images (NYSE:GETY) Stock

Getty Images Holdings, Inc. (NYSE:GETY) VP Daine Marc Weston sold 12,928 shares of the firm’s stock in a transaction that occurred on Wednesday, March 25th. The shares were sold at an average price of $0.78, for a total transaction of $10,083.84. Following the completion of the sale, the vice president owned 142,159 shares in the company, valued at $110,884.02. The trade was a 8.34% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Getty Images Stock Performance

GETY opened at $0.75 on Friday. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 2.12. The business’s 50 day moving average is $0.96 and its 200-day moving average is $1.45. The stock has a market cap of $312.07 million, a PE ratio of -1.49 and a beta of 2.13. Getty Images Holdings, Inc. has a twelve month low of $0.67 and a twelve month high of $3.21.

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

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On Getty Images

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GETY. State of Alaska Department of Revenue acquired a new position in shares of Getty Images during the 3rd quarter valued at $25,000. Cerity Partners LLC acquired a new stake in shares of Getty Images in the second quarter valued at $32,000. Certuity LLC acquired a new stake in shares of Getty Images in the fourth quarter valued at $33,000. Wealth Enhancement Advisory Services LLC boosted its stake in Getty Images by 47.2% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 15,870 shares of the company’s stock valued at $33,000 after buying an additional 5,089 shares in the last quarter. Finally, Founders Financial Securities LLC bought a new position in Getty Images during the fourth quarter valued at about $35,000. 45.75% of the stock is owned by institutional investors.

Getty Images News Summary

Here are the key news stories impacting Getty Images this week:

• Neutral Sentiment: Insider sales can reflect personal liquidity needs, option exercises or diversification rather than loss of confidence; however, clustered sales by many senior executives are typically viewed negatively by the market.
• Negative Sentiment: CEO Craig Warren Peters sold 167,403 shares (~11.49% reduction), receiving $130,574.34. This is the largest single insider sale reported and is likely the most impactful on sentiment. CEO Sale Filing
• Negative Sentiment: Grant Farhall sold 42,022 shares (12.73% reduction), proceeds ~$32,777. Grant Farhall Filing
• Negative Sentiment: CMO Gene Foca sold 31,576 shares (5.86% reduction), proceeds ~$24,629. Gene Foca Filing
• Negative Sentiment: CFO Jennifer Leyden sold 31,576 shares (9.06% reduction), proceeds ~$24,629. Jennifer Leyden Filing
• Negative Sentiment: SVP Kenneth Arrigo Mainardis sold 29,565 shares (11.96% reduction), proceeds ~$23,060. Kenneth Arrigo Filing
• Negative Sentiment: SVP Peter Orlowsky sold 22,081 shares (8.03% reduction), proceeds ~$17,223. Peter Orlowsky Filing
• Negative Sentiment: CTO Nathaniel Gandert sold 21,349 shares (3.49% reduction), proceeds ~$16,652. Nathaniel Gandert Filing
• Negative Sentiment: VP Daine Marc Weston sold 12,928 shares (8.34% reduction), proceeds ~$10,084. Daine Marc Weston Filing
• Negative Sentiment: Cho Mikael (SVP) reported two sales totaling 26,476 shares (combined ~18.44% & 5.30 reductions), proceeds combined ~$20,650. Cho Mikael Filing
• Negative Sentiment: Insider Michael Teaster sold 6,587 shares (2.47% reduction), proceeds ~$5,138. Michael Teaster Filing

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.