Insider Selling: Getty Images Holdings, Inc. (NYSE:GETY) SVP Sells 28,946 Shares of Stock

Getty Images Holdings, Inc. (NYSE:GETY) SVP Kenneth Arrigo Mainardis sold 28,946 shares of the firm’s stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $4.41, for a total transaction of $127,651.86. Following the sale, the senior vice president now owns 220,494 shares in the company, valued at approximately $972,378.54. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Kenneth Arrigo Mainardis also recently made the following trade(s):

• On Monday, March 18th, Kenneth Arrigo Mainardis sold 33,177 shares of Getty Images stock. The stock was sold at an average price of $4.64, for a total transaction of $153,941.28.

Getty Images Trading Up 7.0 %

Shares of GETY traded up $0.28 during trading hours on Wednesday, reaching $4.26. 1,333,841 shares of the company traded hands, compared to its average volume of 400,066. The firm has a market cap of $1.73 billion, a price-to-earnings ratio of 106.00 and a beta of 2.15. Getty Images Holdings, Inc. has a 12-month low of $3.65 and a 12-month high of $8.18. The stock’s fifty day moving average price is $4.56 and its 200 day moving average price is $4.99. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 2.05.

Getty Images (NYSE:GETY) last released its quarterly earnings data on Thursday, March 14th. The company reported $0.09 earnings per share (EPS) for the quarter. The company had revenue of $225.94 million during the quarter, compared to analysts’ expectations of $227.00 million. Getty Images had a net margin of 2.11% and a return on equity of 9.30%. Sell-side analysts forecast that Getty Images Holdings, Inc. will post 0.06 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on GETY shares. Benchmark raised their target price on shares of Getty Images from $7.00 to $8.00 and gave the stock a “buy” rating in a research note on Friday, March 15th. Wedbush reiterated an “outperform” rating and set a $7.70 price objective on shares of Getty Images in a research report on Friday, March 15th. Finally, Citigroup lifted their price objective on shares of Getty Images from $5.50 to $6.00 and gave the company a “buy” rating in a research report on Friday, March 15th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $6.35.

Hedge Funds Weigh In On Getty Images

Institutional investors have recently modified their holdings of the stock. Skandinaviska Enskilda Banken AB publ purchased a new position in shares of Getty Images during the third quarter worth approximately $26,000. UBS Group AG purchased a new position in shares of Getty Images during the first quarter worth approximately $28,000. Tower Research Capital LLC TRC purchased a new position in shares of Getty Images during the third quarter worth approximately $28,000. Lazard Asset Management LLC purchased a new position in Getty Images during the second quarter valued at approximately $41,000. Finally, Delphia USA Inc. purchased a new position in Getty Images during the first quarter valued at approximately $64,000. 45.75% of the stock is owned by hedge funds and other institutional investors.

Getty Images Company Profile

Getty Images Holdings, Inc operates as a creator and distributor of award-winning still imagery, video, music, and multimedia products. The company provides other forms of premium digital content, including music. Its award-winning photographers and imagery help customers produce inspiring work which appears every day in the world's most influential newspapers, magazines, advertising campaigns, films, television programs, and books.