Insider Selling: Getty Images (NYSE:GETY) CFO Sells $24,629.28 in Stock

Getty Images Holdings, Inc. (NYSE:GETY) CFO Jennifer Leyden sold 31,576 shares of Getty Images stock in a transaction dated Wednesday, March 25th. The stock was sold at an average price of $0.78, for a total value of $24,629.28. Following the transaction, the chief financial officer directly owned 316,780 shares in the company, valued at approximately $247,088.40. The trade was a 9.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Getty Images Price Performance

Shares of NYSE GETY opened at $0.74 on Tuesday. Getty Images Holdings, Inc. has a twelve month low of $0.67 and a twelve month high of $3.21. 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 company has a market capitalization of $310.40 million, a price-to-earnings ratio of -1.49 and a beta of 2.14. The firm has a 50-day moving average of $0.95 and a two-hundred day moving average of $1.44.

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

Institutional Trading of Getty Images

Hedge funds have recently modified their holdings of the business. State of Alaska Department of Revenue purchased a new stake in shares of Getty Images in the third quarter valued at $25,000. Wealth Enhancement Advisory Services LLC grew its holdings in shares of 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. Cerity Partners LLC acquired a new position in Getty Images during the second quarter valued at $32,000. Savant Capital LLC purchased a new stake in Getty Images in the 3rd quarter worth about $40,000. Finally, BNP Paribas Financial Markets lifted its stake 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 in the last quarter. Hedge funds and other institutional investors own 45.75% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on GETY shares. Citigroup dropped their price target on Getty Images from $1.85 to $0.85 and set a “neutral” rating on the stock in a report on Monday, February 23rd. Weiss Ratings restated a “sell (d)” rating on shares of Getty Images in a report on Thursday, January 22nd. Finally, Zacks Research downgraded Getty Images from a “hold” rating to a “strong sell” rating in a report on Friday, March 20th. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Reduce” and a consensus price target of $3.78.

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.