Insider Selling: Getty Images (NYSE:GETY) Insider Sells 38,100 Shares of Stock

Getty Images Holdings, Inc. (NYSE:GETY) insider Michael Teaster sold 38,100 shares of Getty Images stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $0.79, for a total value of $30,099.00. Following the completion of the transaction, the insider directly owned 488,862 shares in the company, valued at $386,200.98. This trade represents a 7.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Michael Teaster also recently made the following trade(s):

• On Wednesday, March 25th, Michael Teaster sold 6,587 shares of Getty Images stock. The stock was sold at an average price of $0.78, for a total value of $5,137.86.

Getty Images Trading Down 3.9%

Getty Images stock traded down $0.03 during trading hours on Friday, reaching $0.76. The company had a trading volume of 820,810 shares, compared to its average volume of 2,425,318. The company has a debt-to-equity ratio of 2.13, a current ratio of 0.76 and a quick ratio of 0.76. The company has a 50-day moving average price of $0.88 and a 200 day moving average price of $1.07. The firm has a market cap of $316.73 million, a price-to-earnings ratio of -2.91 and a beta of 2.03. Getty Images Holdings, Inc. has a 12-month low of $0.67 and a 12-month high of $3.21.

Getty Images (NYSE:GETY) last released its quarterly earnings data on Monday, May 11th. The company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.02). Getty Images had a negative return on equity of 17.01% and a negative net margin of 10.94%.The business had revenue of $226.57 million during the quarter, compared to analysts’ expectations of $238.90 million. Equities analysts forecast that Getty Images Holdings, Inc. will post -0.03 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on GETY. Weiss Ratings cut shares of Getty Images from a “sell (d)” rating to a “sell (e+)” rating in a research report on Tuesday, May 12th. Zacks Research upgraded shares of Getty Images from a “strong sell” rating to a “hold” rating in a research report on Monday, May 18th. Citigroup reduced their price target 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. Finally, Wedbush reiterated an “outperform” rating and set a $7.00 price target on shares of Getty Images in a research report on Tuesday, May 12th. One equities research analyst has rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Getty Images has an average rating of “Hold” and an average target price of $3.78.

Institutional Investors Weigh In On Getty Images

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GETY. AQR Capital Management LLC grew its stake in Getty Images by 1,201.6% in the first quarter. AQR Capital Management LLC now owns 275,296 shares of the company’s stock worth $476,000 after purchasing an additional 254,146 shares during the period. Geode Capital Management LLC grew its stake in Getty Images by 14.0% in the second quarter. Geode Capital Management LLC now owns 1,866,490 shares of the company’s stock worth $3,099,000 after purchasing an additional 228,532 shares during the period. Creative Planning purchased a new stake in Getty Images in the second quarter worth $75,000. JPMorgan Chase & Co. grew its stake in Getty Images by 43.8% in the second 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 during the period. Finally, Rhumbline Advisers grew its stake in Getty Images by 15.2% in the second quarter. Rhumbline Advisers now owns 150,736 shares of the company’s stock worth $250,000 after purchasing an additional 19,859 shares during the period. 45.75% of the stock is owned by hedge funds and other institutional investors.

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.