Getty Images (NYSE:GETY) SVP Sells $56,027.76 in Stock

Getty Images Holdings, Inc. (NYSE:GETY) SVP Cho Mikael sold 59,604 shares of the firm’s stock in a transaction dated Monday, June 29th. The shares were sold at an average price of $0.94, for a total value of $56,027.76. Following the completion of the transaction, the senior vice president owned 121,650 shares in the company, valued at approximately $114,351. This represents a 32.88% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Cho Mikael also recently made the following trade(s):

• On Monday, June 29th, Cho Mikael sold 33,143 shares of Getty Images stock. The stock was sold at an average price of $0.94, for a total value of $31,154.42.

Getty Images Trading Down 10.5%

Getty Images stock traded down $0.09 during trading hours on Wednesday, reaching $0.77. 9,922,872 shares of the company’s stock traded hands, compared to its average volume of 4,683,695. The firm has a market capitalization of $322.60 million, a price-to-earnings ratio of -2.96 and a beta of 2.03. The company has a debt-to-equity ratio of 2.13, a quick ratio of 0.76 and a current ratio of 0.76. Getty Images Holdings, Inc. has a fifty-two week low of $0.58 and a fifty-two week high of $3.21. The firm’s 50 day moving average is $0.87 and its 200-day moving average is $0.99.

Getty Images (NYSE:GETY) last posted its quarterly earnings results 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). Getty Images had a negative return on equity of 17.01% and a negative net margin of 10.94%.The business had revenue of $226.57 million for the quarter, compared to the consensus estimate of $238.90 million. On average, analysts predict that Getty Images Holdings, Inc. will post -0.03 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on GETY shares. Wedbush restated an “outperform” rating and issued a $7.00 price target on shares of Getty Images in a research report on Tuesday, May 12th. Weiss Ratings downgraded Getty Images from a “sell (d)” rating to a “sell (e+)” rating in a report on Tuesday, May 12th. Finally, Zacks Research raised Getty Images from a “strong sell” rating to a “hold” rating in a research note on Monday, May 18th. One analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $3.78.

Institutional Investors Weigh In On Getty Images

Several hedge funds have recently bought and sold shares of GETY. AQR Capital Management LLC boosted its position in shares of Getty Images by 1,201.6% during the first quarter. AQR Capital Management LLC now owns 275,296 shares of the company’s stock worth $476,000 after purchasing an additional 254,146 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Getty Images by 14.0% in the 2nd quarter. Geode Capital Management LLC now owns 1,866,490 shares of the company’s stock valued at $3,099,000 after buying an additional 228,532 shares in the last quarter. Creative Planning acquired a new stake in Getty Images during the 2nd quarter worth $75,000. JPMorgan Chase & Co. raised its stake in Getty Images by 43.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,434,545 shares of the company’s stock worth $4,041,000 after buying an additional 742,008 shares during the period. Finally, Rhumbline Advisers lifted its holdings in Getty Images by 15.2% during the second quarter. Rhumbline Advisers now owns 150,736 shares of the company’s stock worth $250,000 after acquiring an additional 19,859 shares in the last quarter. 45.75% of the stock is currently 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.