Getty Images (NYSE:GETY) CTO Sells $16,652.22 in Stock

Getty Images Holdings, Inc. (NYSE:GETY) CTO Nathaniel Gandert sold 21,349 shares of the stock in a transaction dated Wednesday, March 25th. The stock was sold at an average price of $0.78, for a total value of $16,652.22. Following the transaction, the chief technology officer owned 590,242 shares of the company’s stock, valued at approximately $460,388.76. This trade represents a 3.49% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Getty Images Stock Performance

GETY opened at $0.74 on Tuesday. 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 business’s 50-day moving average price is $0.95 and its two-hundred day moving average price is $1.44. Getty Images Holdings, Inc. has a 1 year low of $0.67 and a 1 year high of $3.21. The company has a debt-to-equity ratio of 2.12, a current ratio of 0.77 and a quick ratio of 0.77.

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

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Koch Inc. lifted its holdings in shares of Getty Images by 42.8% during the fourth quarter. Koch Inc. now owns 115,259,246 shares of the company’s stock worth $154,447,000 after buying an additional 34,525,639 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Getty Images by 43.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,434,545 shares of the company’s stock worth $4,041,000 after purchasing an additional 742,008 shares in the last quarter. Readystate Asset Management LP bought a new stake in Getty Images in the 4th quarter valued at about $3,071,000. Geode Capital Management LLC boosted its holdings in 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 purchasing an additional 228,532 shares during the period. Finally, Millennium Management LLC grew its position in shares of Getty Images by 160.7% during the 4th quarter. Millennium Management LLC now owns 1,530,821 shares of the company’s stock worth $2,051,000 after purchasing an additional 943,567 shares in the last quarter. Institutional investors own 45.75% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have 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 cut their price target on shares of Getty Images from $1.85 to $0.85 and set a “neutral” rating for the company in a research note on Monday, February 23rd. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Getty Images in a research note on Thursday, January 22nd. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average price target of $3.78.

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.