Getty Images Holdings, Inc. (NYSE:GETY - Get Free Report) CTO Nathaniel Gandert sold 19,785 shares of Getty Images stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $4.41, for a total value of $87,251.85. Following the transaction, the chief technology officer now owns 482,809 shares of the company's stock, valued at approximately $2,129,187.69. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Getty Images Stock Up 7.0 %
GETY stock opened at $4.26 on Thursday. Getty Images Holdings, Inc. has a 52 week low of $3.65 and a 52 week high of $8.18. The business has a 50-day simple moving average of $4.56 and a 200 day simple moving average of $4.99. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 2.05. The company has a market cap of $1.73 billion, a PE ratio of 106.50 and a beta of 2.15.
Getty Images (NYSE:GETY - Get Free Report) last posted its quarterly earnings results on Thursday, March 14th. The company reported $0.09 earnings per share (EPS) for the quarter. Getty Images had a net margin of 2.11% and a return on equity of 9.30%. The business had revenue of $225.94 million for the quarter, compared to analyst estimates of $227.00 million. Sell-side analysts anticipate that Getty Images Holdings, Inc. will post 0.06 EPS for the current fiscal year.
Hedge Funds Weigh In On Getty Images
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A number of institutional investors and hedge funds have recently bought and sold shares of GETY. Vanguard Group Inc. grew its position in shares of Getty Images by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 8,131,734 shares of the company's stock valued at $42,692,000 after buying an additional 34,013 shares during the last quarter. EULAV Asset Management boosted its position in Getty Images by 37.5% during the third quarter. EULAV Asset Management now owns 550,000 shares of the company's stock valued at $3,570,000 after acquiring an additional 150,000 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Getty Images by 8.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 236,908 shares of the company's stock valued at $1,244,000 after purchasing an additional 19,311 shares in the last quarter. Marshall Wace LLP increased its holdings in Getty Images by 45.7% in the second quarter. Marshall Wace LLP now owns 150,324 shares of the company's stock worth $734,000 after purchasing an additional 47,176 shares in the last quarter. Finally, Wolverine Asset Management LLC increased its stake in shares of Getty Images by 124.0% in the 3rd quarter. Wolverine Asset Management LLC now owns 135,961 shares of the company's stock valued at $882,000 after acquiring an additional 75,255 shares in the last quarter. Institutional investors and hedge funds own 45.75% of the company's stock.
Analyst Upgrades and Downgrades
Several brokerages have recently weighed in on GETY. Benchmark increased their price objective on shares of Getty Images from $7.00 to $8.00 and gave the company a "buy" rating in a research report on Friday, March 15th. Wedbush restated an "outperform" rating and set a $7.70 price objective on shares of Getty Images in a report on Friday, March 15th. Finally, Citigroup lifted their price target on Getty Images from $5.50 to $6.00 and gave the stock a "buy" rating in a report on Friday, March 15th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Getty Images has an average rating of "Moderate Buy" and an average price target of $6.35.
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Getty Images Company Profile
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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.
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