Insider Selling: Getty Images Holdings, Inc. (NYSE:GETY) Director Sells 14,707 Shares of Stock

Getty Images Holdings, Inc. (NYSE:GETY) Director Chinh Chu sold 14,707 shares of the company’s stock in a transaction dated Friday, April 5th. The shares were sold at an average price of $4.01, for a total transaction of $58,975.07. Following the transaction, the director now directly owns 8,550,140 shares of the company’s stock, valued at approximately $34,286,061.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Monday, April 8th, Chinh Chu sold 10,121 shares of Getty Images stock. The shares were sold at an average price of $4.00, for a total transaction of $40,484.00.
• On Wednesday, April 3rd, Chinh Chu sold 88,573 shares of Getty Images stock. The shares were sold at an average price of $4.11, for a total transaction of $364,035.03.
• 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 shares were sold at an average price of $4.14, for a total transaction of $487,439.46.
• On Friday, March 22nd, Chinh Chu sold 95,924 shares of Getty Images stock. The shares were sold at an average price of $4.39, for a total transaction of $421,106.36.
• 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 0.4 %

Shares of NYSE:GETY traded down $0.01 during midday trading on Tuesday, reaching $4.00. 351,929 shares of the company were exchanged, compared to its average volume of 404,502. Getty Images Holdings, Inc. has a fifty-two week low of $3.65 and a fifty-two week high of $8.18. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 2.05. The stock has a fifty day simple moving average of $4.51 and a two-hundred day simple moving average of $4.86. The firm has a market cap of $1.62 billion, a PE ratio of 99.88 and a beta of 2.12.

Getty Images (NYSE:GETY) last released its earnings results on Thursday, March 14th. The company reported $0.09 earnings per share for the quarter. The business had revenue of $225.94 million during the quarter, compared to the consensus estimate of $227.00 million. Getty Images had a net margin of 2.11% and a return on equity of 9.30%. As a group, sell-side analysts forecast that Getty Images Holdings, Inc. will post 0.06 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in GETY. Vanguard Group Inc. bought a new position in Getty Images in the third quarter valued at $52,554,000. Charles Schwab Investment Management Inc. grew its position in shares of Getty Images by 596.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 217,597 shares of the company’s stock valued at $1,412,000 after acquiring an additional 186,370 shares during the period. EULAV Asset Management grew its position in shares of Getty Images by 37.5% in the 3rd quarter. EULAV Asset Management now owns 550,000 shares of the company’s stock valued at $3,570,000 after acquiring an additional 150,000 shares during the period. Wolverine Asset Management LLC grew its position in shares of Getty Images by 124.0% in the 3rd quarter. Wolverine Asset Management LLC now owns 135,961 shares of the company’s stock valued at $882,000 after acquiring an additional 75,255 shares during the period. Finally, Northern Trust Corp bought a new position in shares of Getty Images in the 3rd quarter valued at about $484,000. Institutional investors own 45.75% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on GETY. Wedbush restated an “outperform” rating and issued a $7.70 price objective on shares of Getty Images in a report on Friday, March 15th. Benchmark increased their target price 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, Citigroup increased their target price 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. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $6.35.

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.