Insider Selling: Getty Images Holdings, Inc. (NYSE:GETY) Director Sells $487,439.46 in Stock

Getty Images Holdings, Inc. (NYSE:GETY) Director Chinh Chu sold 117,739 shares of Getty Images stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $4.14, for a total value of $487,439.46. Following the transaction, the director now directly owns 9,190,849 shares in the company, valued at approximately $38,050,114.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Chinh Chu also recently made the following trade(s):

• On Wednesday, March 27th, Chinh Chu sold 213,811 shares of Getty Images stock. The shares were sold at an average price of $4.19, for a total value of $895,868.09.
• On Friday, March 22nd, Chinh Chu sold 95,924 shares of Getty Images stock. The shares were sold at an average price of $4.39, for a total value of $421,106.36.
• On Wednesday, March 20th, Chinh Chu sold 238,520 shares of Getty Images stock. The shares were sold at an average price of $4.95, for a total value of $1,180,674.00.

Getty Images Stock Performance

Shares of GETY stock opened at $4.15 on Friday. The stock has a fifty day moving average price of $4.56 and a 200 day moving average price of $4.98. The stock has a market cap of $1.68 billion, a PE ratio of 103.75 and a beta of 2.15. Getty Images Holdings, Inc. has a 1 year low of $3.65 and a 1 year high of $8.18. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.84 and a current ratio of 0.84.

Getty Images (NYSE:GETY) last issued its quarterly earnings data on Thursday, March 14th. The company reported $0.09 earnings per share (EPS) 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 return on equity of 9.30% and a net margin of 2.11%. Sell-side analysts forecast that Getty Images Holdings, Inc. will post 0.06 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Getty Images

Hedge funds and other institutional investors have recently bought and sold shares of the company. Skandinaviska Enskilda Banken AB publ acquired a new position in Getty Images during the third quarter worth $26,000. UBS Group AG acquired a new position in shares of Getty Images in the first quarter worth $28,000. Tower Research Capital LLC TRC acquired a new position in shares of Getty Images in the third quarter worth $28,000. Lazard Asset Management LLC acquired a new position in shares of Getty Images in the second quarter worth $41,000. Finally, Delphia USA Inc. acquired a new position in shares of Getty Images in the first quarter worth $64,000. 45.75% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Citigroup lifted their target price on Getty Images from $5.50 to $6.00 and gave the company a “buy” rating in a research note on Friday, March 15th. Benchmark lifted their price target on Getty Images from $7.00 to $8.00 and gave the company a “buy” rating in a research note on Friday, March 15th. Finally, Wedbush restated an “outperform” rating and issued a $7.70 price target on shares of Getty Images in a research note on Friday, March 15th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $6.35.

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.