Getty Images Holdings, Inc. (NYSE:GETY) Insider Michael Teaster Sells 4,918 Shares of Stock

Getty Images Holdings, Inc. (NYSE:GETY) insider Michael Teaster sold 4,918 shares of Getty Images stock in a transaction on Tuesday, March 25th. The shares were sold at an average price of $2.12, for a total value of $10,426.16. Following the completion of the transaction, the insider now owns 242,627 shares in the company, valued at $514,369.24. This represents a 1.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Getty Images Stock Down 2.3 %

Shares of GETY stock opened at $1.93 on Friday. The business’s fifty day moving average is $2.37 and its 200-day moving average is $2.93. The stock has a market cap of $794.19 million, a PE ratio of 16.04 and a beta of 1.97. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.79 and a current ratio of 0.79. Getty Images Holdings, Inc. has a 1 year low of $1.89 and a 1 year high of $4.49.

Getty Images (NYSE:GETY) last announced its quarterly earnings data on Monday, March 17th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.05). Getty Images had a return on equity of 6.42% and a net margin of 5.91%. The firm had revenue of $247.30 million for the quarter, compared to analysts’ expectations of $245.50 million. The company’s revenue for the quarter was up 9.5% compared to the same quarter last year. Equities analysts expect that Getty Images Holdings, Inc. will post 0.08 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Getty Images

Several large investors have recently added to or reduced their stakes in the company. Intech Investment Management LLC bought a new stake in Getty Images during the third quarter worth about $44,000. BNP Paribas Financial Markets acquired a new position in shares of Getty Images during the fourth quarter worth about $27,000. Aristeia Capital L.L.C. bought a new position in Getty Images in the fourth quarter valued at $28,000. Ameriprise Financial Inc. acquired a new position in shares of Getty Images during the 4th quarter worth approximately $28,000. Finally, Virtu Financial LLC bought a new position in shares of Getty Images in the 4th quarter valued at about $33,000. Institutional investors and hedge funds own 45.75% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Wedbush reiterated an “outperform” rating and issued a $7.70 price target on shares of Getty Images in a report on Thursday, March 13th. Benchmark reduced their target price on Getty Images from $6.00 to $4.50 and set a “buy” rating for the company in a report on Tuesday, March 18th. Macquarie reaffirmed a “neutral” rating and set a $3.75 target price on shares of Getty Images in a research note on Wednesday, January 8th. JPMorgan Chase & Co. restated an “underweight” rating on shares of Getty Images in a research note on Wednesday, December 18th. Finally, Citigroup reiterated a “neutral” rating and set a $2.45 target price on shares of Getty Images in a research note on Monday. One analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Getty Images presently has a consensus rating of “Hold” and an average target price of $4.60.

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.