Cho Mikael Sells 18,571 Shares of Getty Images (NYSE:GETY) Stock

Getty Images Holdings, Inc. (NYSE:GETY) SVP Cho Mikael sold 18,571 shares of the business’s stock in a transaction dated Wednesday, March 25th. The shares were sold at an average price of $0.78, for a total value of $14,485.38. Following the completion of the transaction, the senior vice president directly owned 82,134 shares in the company, valued at $64,064.52. This represents a 18.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Wednesday, March 25th, Cho Mikael sold 7,905 shares of Getty Images stock. The stock was sold at an average price of $0.78, for a total value of $6,165.90.

Getty Images Trading Down 3.9%

Shares of GETY stock opened at $0.75 on Friday. The company has a market cap of $312.07 million, a P/E ratio of -1.49 and a beta of 2.13. The stock has a 50 day simple moving average of $0.96 and a two-hundred day simple moving average of $1.45. The company has a debt-to-equity ratio of 2.12, a quick ratio of 0.77 and a current ratio of 0.77. Getty Images Holdings, Inc. has a fifty-two week low of $0.67 and a fifty-two week high of $3.21.

Getty Images (NYSE:GETY) last posted its quarterly earnings results 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 for 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%. Research analysts forecast that Getty Images Holdings, Inc. will post 0.08 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On Getty Images

A number of institutional investors have recently modified their holdings of the company. Koch Inc. lifted its holdings in shares of Getty Images by 42.8% in the 4th quarter. Koch Inc. now owns 115,259,246 shares of the company’s stock worth $154,447,000 after purchasing an additional 34,525,639 shares in the last quarter. JPMorgan Chase & Co. increased 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 valued at $4,041,000 after purchasing an additional 742,008 shares in the last quarter. Readystate Asset Management LP acquired a new position in Getty Images during the fourth quarter worth $3,071,000. Geode Capital Management LLC raised its holdings in Getty Images by 14.0% during the second quarter. Geode Capital Management LLC now owns 1,866,490 shares of the company’s stock worth $3,099,000 after buying an additional 228,532 shares during the last quarter. Finally, Millennium Management LLC lifted its stake in shares of Getty Images by 160.7% in the fourth quarter. Millennium Management LLC now owns 1,530,821 shares of the company’s stock valued at $2,051,000 after buying an additional 943,567 shares in the last quarter. 45.75% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Getty Images

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

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.