Key Points
- CEO Craig Warren Peters sold 31,298 shares on December 24 at an average price of $1.27 (about $39,748), reducing his stake by 2.51% to 1,215,438 shares.
- Broad executive selling occurred the same day with multiple senior officers selling as well—collectively about 74,900 shares—signaling insider selling was company-wide rather than isolated.
- Getty Images (GETY) trades near its 52-week low (≈$1.20), has negative profitability metrics and a market cap around $530 million, and carries a consensus "Hold" rating with an average price target of $4.03.
Getty Images Holdings, Inc. (NYSE:GETY - Get Free Report) CEO Craig Warren Peters sold 31,298 shares of the business's stock in a transaction on Wednesday, December 24th. The shares were sold at an average price of $1.27, for a total value of $39,748.46. Following the completion of the transaction, the chief executive officer owned 1,215,438 shares of the company's stock, valued at $1,543,606.26. This trade represents a 2.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Getty Images Price Performance
GETY stock opened at $1.28 on Wednesday. Getty Images Holdings, Inc. has a 52-week low of $1.20 and a 52-week high of $3.87. The stock's fifty day simple moving average is $1.59 and its 200-day simple moving average is $1.78. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 1.96. The stock has a market capitalization of $530.22 million, a price-to-earnings ratio of -5.80 and a beta of 2.05.
Getty Images (NYSE:GETY - Get Free Report) last released its earnings results on Monday, November 10th. The company reported $0.05 EPS for the quarter, beating the consensus estimate of $0.04 by $0.01. Getty Images had a negative return on equity of 11.38% and a negative net margin of 9.60%.The firm had revenue of $240.04 million during the quarter, compared to analyst estimates of $239.98 million. During the same period in the prior year, the firm posted ($0.01) earnings per share. The business's quarterly revenue was down .2% compared to the same quarter last year. Equities research analysts expect that Getty Images Holdings, Inc. will post 0.08 EPS for the current year.
Analyst Ratings Changes
Several research analysts have recently weighed in on the stock. Zacks Research upgraded shares of Getty Images from a "strong sell" rating to a "hold" rating in a report on Wednesday, October 15th. Wedbush reaffirmed an "outperform" rating and set a $7.00 price target on shares of Getty Images in a research report on Friday, October 31st. Finally, Weiss Ratings reaffirmed a "sell (d)" rating on shares of Getty Images in a research note on Wednesday, October 8th. One analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $4.03.
Check Out Our Latest Research Report on GETY
Key Stores Impacting Getty Images
Here are the key news stories impacting Getty Images this week:
- Negative Sentiment: CEO Craig Warren Peters sold 31,298 shares (~2.51% of his holding), the largest single insider sale disclosed. Filing: Craig Peters Form 4
- Negative Sentiment: Multiple senior officers sold additional shares the same day (notable amounts): Grant Farhall 7,857; Gene Foca (CMO) 5,904; Jennifer Leyden (CFO) 5,904; Kenneth Arrigo Mainardis (SVP) 5,528. These filings signal broad executive selling rather than an isolated trade. Example filing (Grant Farhall): Grant Farhall Form 4
- Negative Sentiment: Other insiders sold smaller amounts: Peter Orlowsky (SVP) 4,129; Nathaniel Gandert (CTO) 3,992; Daine Marc Weston (VP) 2,437; Michael Teaster 1,257; Cho Mikael (SVP) reported two sales totaling 6,613. These trades reduce insider stakes modestly but collectively represent ~74,900 shares sold across filings. Example filing (Orlowsky): Peter Orlowsky Form 4
Institutional Trading of Getty Images
Institutional investors have recently added to or reduced their stakes in the business. State of Alaska Department of Revenue acquired a new stake in Getty Images in the 3rd quarter valued at $25,000. Catalyst Funds Management Pty Ltd purchased a new stake in shares of Getty Images in the second quarter worth about $30,000. Cerity Partners LLC purchased a new stake in shares of Getty Images in the second quarter worth about $32,000. Wealth Enhancement Advisory Services LLC grew its stake in shares of Getty Images by 47.2% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 15,870 shares of the company's stock valued at $33,000 after buying an additional 5,089 shares in the last quarter. Finally, Savant Capital LLC purchased a new stake in shares of Getty Images during the 3rd quarter valued at about $40,000. 45.75% of the stock is owned by hedge funds and other institutional investors.
Getty Images Company Profile
(
Get Free Report)
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
