Insider Selling: Getty Images (NYSE:GETY) SVP Sells $17,223.18 in Stock

Getty Images Holdings, Inc. (NYSE:GETY) SVP Peter Orlowsky sold 22,081 shares of the business’s stock in a transaction that occurred on Wednesday, March 25th. The stock was sold at an average price of $0.78, for a total transaction of $17,223.18. Following the completion of the sale, the senior vice president directly owned 252,890 shares of the company’s stock, valued at $197,254.20. This represents a 8.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Getty Images Stock Performance

Shares of GETY opened at $0.74 on Tuesday. The firm has a market cap of $310.40 million, a price-to-earnings ratio of -1.49 and a beta of 2.14. The company’s fifty day moving average is $0.95 and its 200-day moving average is $1.44. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 2.12. Getty Images Holdings, Inc. has a 12 month low of $0.67 and a 12 month high of $3.21.

Getty Images (NYSE:GETY) last released its quarterly earnings data on Monday, March 16th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.25). The business had revenue of $282.29 million during the quarter, compared to analyst estimates of $246.17 million. Getty Images had a negative net margin of 21.00% and a negative return on equity of 25.05%. Equities analysts expect that Getty Images Holdings, Inc. will post 0.08 EPS for the current fiscal year.

Institutional Trading of Getty Images

Institutional investors and hedge funds have recently modified their holdings of the company. Koch Inc. raised its stake in shares of Getty Images by 42.8% in the fourth quarter. Koch Inc. now owns 115,259,246 shares of the company’s stock valued at $154,447,000 after purchasing an additional 34,525,639 shares in the last quarter. Readystate Asset Management LP acquired a new stake in Getty Images during the fourth quarter worth $3,071,000. Millennium Management LLC boosted its stake in Getty Images by 160.7% during the fourth quarter. Millennium Management LLC now owns 1,530,821 shares of the company’s stock worth $2,051,000 after buying an additional 943,567 shares in the last quarter. JPMorgan Chase & Co. increased its holdings 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 period. Finally, Callodine Capital Management LP acquired a new position in shares of Getty Images in the 4th quarter valued at $670,000. 45.75% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on GETY shares. Weiss Ratings reiterated a “sell (d)” rating on shares of Getty Images in a research note on Thursday, January 22nd. Zacks Research downgraded Getty Images from a “hold” rating to a “strong sell” rating in a research note on Friday, March 20th. Finally, Citigroup reduced their target price on Getty Images from $1.85 to $0.85 and set a “neutral” rating for the company in a report on Monday, February 23rd. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Reduce” and a consensus price target of $3.78.

About Getty Images

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.