Getty Images Holdings, Inc. (NYSE:GETY) CMO Sells $129,164.49 in Stock

Getty Images Holdings, Inc. (NYSE:GETY) CMO Gene Foca sold 29,289 shares of the stock in a transaction on Monday, March 25th. The stock was sold at an average price of $4.41, for a total transaction of $129,164.49. Following the transaction, the chief marketing officer now owns 430,973 shares in the company, valued at approximately $1,900,590.93. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Getty Images Price Performance

GETY traded up $0.28 during midday trading on Wednesday, hitting $4.26. The company had a trading volume of 1,333,841 shares, compared to its average volume of 400,066. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.84 and a current ratio of 0.84. The company has a market capitalization of $1.73 billion, a PE ratio of 106.00 and a beta of 2.15. Getty Images Holdings, Inc. has a twelve month low of $3.65 and a twelve month high of $8.18. The firm’s 50-day simple moving average is $4.56 and its 200-day simple moving average is $4.99.

Getty Images (NYSE:GETY) last posted its quarterly earnings data on Thursday, March 14th. The company reported $0.09 earnings per share for the quarter. The firm had revenue of $225.94 million during the quarter, compared to analysts’ expectations of $227.00 million. Getty Images had a net margin of 2.11% and a return on equity of 9.30%. Equities research analysts predict that Getty Images Holdings, Inc. will post 0.06 EPS for the current fiscal year.

Institutional Investors Weigh In On Getty Images

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

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on GETY. Benchmark upped their price objective 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. Citigroup increased their price target on shares of Getty Images from $5.50 to $6.00 and gave the company a “buy” rating in a report on Friday, March 15th. Finally, Wedbush reaffirmed an “outperform” rating and set a $7.70 price objective on shares of Getty Images in a report on Friday, March 15th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $6.35.

About Getty Images

Getty Images Holdings, Inc operates as a creator and distributor of award-winning still imagery, video, music, and multimedia products. The company provides other forms of premium digital content, including music. Its award-winning photographers and imagery help customers produce inspiring work which appears every day in the world's most influential newspapers, magazines, advertising campaigns, films, television programs, and books.