Getty Images (NYSE:GETY) CEO Craig Warren Peters Sells 31,298 Shares of Stock

Getty Images Holdings, Inc. (NYSE:GETY) CEO Craig Warren Peters sold 31,298 shares of the firm’s stock in a transaction dated Wednesday, December 24th. The shares were sold at an average price of $1.27, for a total transaction of $39,748.46. Following the completion of the sale, the chief executive officer owned 1,215,438 shares of the company’s stock, valued at approximately $1,543,606.26. The trade was a 2.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Getty Images Stock Performance

NYSE GETY opened at $1.28 on Wednesday. The stock has a market capitalization of $530.22 million, a price-to-earnings ratio of -5.80 and a beta of 2.05. The business’s 50 day moving average is $1.59 and its two-hundred day moving average is $1.78. Getty Images Holdings, Inc. has a 12-month low of $1.20 and a 12-month high of $3.87. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 1.96.

Getty Images (NYSE:GETY) last posted its quarterly earnings results on Monday, November 10th. The company reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $239.98 million. During the same period in the previous year, the business earned ($0.01) earnings per share. The company’s revenue for the quarter was down .2% compared to the same quarter last year. Research analysts expect that Getty Images Holdings, Inc. will post 0.08 EPS for the current year.

Trending Headlines about 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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on GETY shares. Weiss Ratings reiterated a “sell (d)” rating on shares of Getty Images in a report on Wednesday, October 8th. Wedbush restated an “outperform” rating and set a $7.00 target price on shares of Getty Images in a research report on Friday, October 31st. Finally, Zacks Research raised shares of Getty Images from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 15th. One research analyst has rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $4.03.

Institutional Trading of Getty Images

Large investors have recently made changes to their positions in the stock. Invenomic Capital Management LP purchased a new stake in Getty Images during the 1st quarter worth about $4,646,000. JPMorgan Chase & Co. boosted its stake in shares of Getty Images by 43.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,434,545 shares of the company’s stock worth $4,041,000 after purchasing an additional 742,008 shares during the last quarter. Millennium Management LLC grew its holdings in shares of Getty Images by 1,202.9% during the third quarter. Millennium Management LLC now owns 587,254 shares of the company’s stock worth $1,163,000 after buying an additional 542,181 shares in the last quarter. TIG Advisors LLC purchased a new stake in shares of Getty Images during the first quarter worth about $654,000. Finally, Jane Street Group LLC acquired a new position in shares of Getty Images in the second quarter valued at approximately $534,000. Institutional investors and hedge funds own 45.75% of the company’s stock.

Getty Images Company Profile

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.