Insider Selling: Getty Images (NYSE:GETY) SVP Sells $56,027.76 in Stock

Getty Images Holdings, Inc. (NYSE:GETY) SVP Cho Mikael sold 59,604 shares of Getty Images stock in a transaction dated Monday, June 29th. The shares were sold at an average price of $0.94, for a total value of $56,027.76. Following the transaction, the senior vice president owned 121,650 shares in the company, valued at $114,351. This trade represents a 32.88% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, June 29th, Cho Mikael sold 33,143 shares of Getty Images stock. The shares were sold at an average price of $0.94, for a total value of $31,154.42.

Getty Images Stock Down 10.5%

NYSE GETY traded down $0.09 during trading hours on Wednesday, reaching $0.77. 9,922,872 shares of the company’s stock were exchanged, compared to its average volume of 4,683,695. The company’s 50-day moving average is $0.87 and its two-hundred day moving average is $0.99. Getty Images Holdings, Inc. has a one year low of $0.58 and a one year high of $3.21. The company has a debt-to-equity ratio of 2.13, a quick ratio of 0.76 and a current ratio of 0.76. The company has a market capitalization of $322.60 million, a price-to-earnings ratio of -2.96 and a beta of 2.03.

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

Institutional Trading of Getty Images

Hedge funds and other institutional investors have recently made changes to their positions in the business. AQR Capital Management LLC lifted its position in shares of 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 in the last quarter. Geode Capital Management LLC boosted 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 purchasing an additional 228,532 shares during the last quarter. Creative Planning bought a new position in Getty Images in the second quarter valued at $75,000. JPMorgan Chase & Co. increased 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 valued at $4,041,000 after buying an additional 742,008 shares during the last quarter. Finally, Rhumbline Advisers increased its stake in Getty Images by 15.2% in the 2nd quarter. Rhumbline Advisers now owns 150,736 shares of the company’s stock valued at $250,000 after buying an additional 19,859 shares during the last quarter. 45.75% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Zacks Research raised shares of Getty Images from a “strong sell” rating to a “hold” rating in a research note on Monday, May 18th. Wedbush reissued an “outperform” rating and issued a $7.00 price target on shares of Getty Images in a research note on Tuesday, May 12th. Finally, Weiss Ratings lowered Getty Images from a “sell (d)” rating to a “sell (e+)” rating in a report on Tuesday, May 12th. One analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Getty Images currently has an average rating of “Hold” and an average price target of $3.78.

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.