Getty Images Holdings, Inc. (NYSE:GETY) CTO Nathaniel Gandert Sells 4,096 Shares

by · The Cerbat Gem

Getty Images Holdings, Inc. (NYSE:GETY – Get Free Report) CTO Nathaniel Gandert sold 4,096 shares of Getty Images stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of $3.61, for a total transaction of $14,786.56. Following the completion of the sale, the chief technology officer now owns 507,764 shares in the company, valued at $1,833,028.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Getty Images Price Performance

Shares of GETY opened at $3.88 on Friday. The company has a market cap of $1.59 billion, a price-to-earnings ratio of 64.67 and a beta of 2.05. Getty Images Holdings, Inc. has a 1-year low of $2.88 and a 1-year high of $6.57. The company’s fifty day simple moving average is $3.55 and its 200 day simple moving average is $3.71. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 1.92.

Getty Images (NYSE:GETY – Get Free Report) last issued its earnings results on Friday, August 9th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.01). The firm had revenue of $229.14 million for the quarter, compared to analyst estimates of $228.42 million. Getty Images had a return on equity of 9.36% and a net margin of 4.19%. The business’s revenue for the quarter was up 1.5% compared to the same quarter last year. On average, research analysts forecast that Getty Images Holdings, Inc. will post 0.11 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Getty Images

A number of institutional investors have recently added to or reduced their stakes in GETY. Byrne Asset Management LLC increased its holdings in Getty Images by 95.7% during the second quarter. Byrne Asset Management LLC now owns 9,200 shares of the company’s stock worth $29,000 after buying an additional 4,500 shares during the last quarter. Spartan Fund Management Inc. acquired a new position in shares of Getty Images in the second quarter valued at $33,000. CIBC Asset Management Inc acquired a new position in shares of Getty Images in the second quarter valued at $36,000. Natixis acquired a new position in shares of Getty Images in the first quarter valued at $42,000. Finally, Principal Financial Group Inc. acquired a new position in shares of Getty Images in the second quarter valued at $44,000. 45.75% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently issued reports on GETY. Citigroup lowered their price objective on shares of Getty Images from $6.00 to $5.00 and set a “buy” rating on the stock in a report on Tuesday, August 13th. Benchmark reiterated a “buy” rating and issued a $6.00 price objective on shares of Getty Images in a report on Tuesday, August 13th. Finally, Macquarie lowered their price objective on shares of Getty Images from $4.00 to $3.50 and set a “neutral” rating on the stock in a report on Monday, August 12th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $5.64.

Check Out Our Latest Stock Report on Getty Images

About Getty Images

(Get Free Report)

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.

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