Insider Selling: Getty Images (NYSE:GETY) Insider Sells $30,099.00 in Stock

Getty Images Holdings, Inc. (NYSE:GETY) insider Michael Teaster sold 38,100 shares of the stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $0.79, for a total value of $30,099.00. Following the completion of the transaction, the insider owned 488,862 shares of the company’s stock, valued at $386,200.98. This represents a 7.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Michael Teaster also recently made the following trade(s):

• On Wednesday, March 25th, Michael Teaster sold 6,587 shares of Getty Images stock. The stock was sold at an average price of $0.78, for a total value of $5,137.86.

Getty Images Price Performance

Shares of GETY opened at $0.76 on Monday. Getty Images Holdings, Inc. has a 1 year low of $0.67 and a 1 year high of $3.21. The company has a debt-to-equity ratio of 2.13, a current ratio of 0.76 and a quick ratio of 0.76. The company has a market capitalization of $316.73 million, a price-to-earnings ratio of -2.91 and a beta of 2.03. The business has a 50-day moving average of $0.88 and a 200-day moving average of $1.07.

Getty Images (NYSE:GETY) last issued its quarterly earnings data on Monday, May 11th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.02). Getty Images had a negative return on equity of 17.01% and a negative net margin of 10.94%.The company had revenue of $226.57 million for the quarter, compared to the consensus estimate of $238.90 million. As a group, equities research analysts anticipate that Getty Images Holdings, Inc. will post -0.03 earnings per share for the current year.

Institutional Investors Weigh In On Getty Images

Several large investors have recently added to or reduced their stakes in the business. Wealth Enhancement Advisory Services LLC grew its stake in Getty Images by 47.2% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 15,870 shares of the company’s stock worth $33,000 after purchasing an additional 5,089 shares during the period. The Manufacturers Life Insurance Company grew its stake in Getty Images by 16.1% during the second quarter. The Manufacturers Life Insurance Company now owns 49,458 shares of the company’s stock worth $82,000 after purchasing an additional 6,856 shares during the period. Alliancebernstein L.P. grew its stake in Getty Images by 12.4% during the third quarter. Alliancebernstein L.P. now owns 80,520 shares of the company’s stock worth $159,000 after purchasing an additional 8,900 shares during the period. Intech Investment Management LLC grew its stake in Getty Images by 14.7% during the fourth quarter. Intech Investment Management LLC now owns 71,564 shares of the company’s stock worth $96,000 after purchasing an additional 9,173 shares during the period. Finally, Polymer Capital Management US LLC grew its stake in Getty Images by 7.9% during the third quarter. Polymer Capital Management US LLC now owns 136,798 shares of the company’s stock worth $271,000 after purchasing an additional 10,007 shares during the period. Institutional investors and hedge funds own 45.75% of the company’s stock.

Wall Street Analyst Weigh In

GETY has been the subject of a number of analyst reports. Wedbush restated an “outperform” rating and set a $7.00 price objective on shares of Getty Images in a research report on Tuesday, May 12th. Zacks Research upgraded Getty Images from a “strong sell” rating to a “hold” rating in a research report on Monday, May 18th. Weiss Ratings downgraded Getty Images from a “sell (d)” rating to a “sell (e+)” rating in a research report on Tuesday, May 12th. Finally, Citigroup lowered their price objective on Getty Images from $1.85 to $0.85 and set a “neutral” rating for the company in a research report on Monday, February 23rd. One analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average 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.