Getty Images Holdings, Inc. (NYSE:GETY) Director Chinh Chu Sells 213,811 Shares

Getty Images Holdings, Inc. (NYSE:GETY) Director Chinh Chu sold 213,811 shares of the firm’s stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $4.19, for a total transaction of $895,868.09. Following the sale, the director now owns 8,910,854 shares in the company, valued at $37,336,478.26. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Chinh Chu also recently made the following trade(s):

• On Monday, March 25th, Chinh Chu sold 117,739 shares of Getty Images stock. The stock was sold at an average price of $4.14, for a total transaction of $487,439.46.
• On Friday, March 22nd, Chinh Chu sold 95,924 shares of Getty Images stock. The shares were sold at an average price of $4.39, for a total transaction of $421,106.36.
• On Wednesday, March 20th, Chinh Chu sold 238,520 shares of Getty Images stock. The shares were sold at an average price of $4.95, for a total transaction of $1,180,674.00.

Getty Images Stock Performance

GETY stock traded down $0.11 during midday trading on Thursday, reaching $4.15. 694,226 shares of the company were exchanged, compared to its average volume of 404,889. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.84 and a quick ratio of 0.84. The business has a 50-day moving average price of $4.56 and a two-hundred day moving average price of $4.99. Getty Images Holdings, Inc. has a one year low of $3.65 and a one year high of $8.18. The firm has a market capitalization of $1.68 billion, a price-to-earnings ratio of 104.25 and a beta of 2.15.

Getty Images (NYSE:GETY) last announced its earnings results 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%. Equities research analysts forecast that Getty Images Holdings, Inc. will post 0.06 EPS for the current year.

Institutional Investors Weigh In On Getty Images

A number of institutional investors have recently modified their holdings of GETY. Tower Research Capital LLC TRC bought a new stake in Getty Images during the third quarter worth about $28,000. State Street Corp bought a new stake in Getty Images during the third quarter worth about $73,000. Victory Capital Management Inc. lifted its position in Getty Images by 60.3% during the fourth quarter. Victory Capital Management Inc. now owns 22,644 shares of the company’s stock worth $144,000 after purchasing an additional 8,519 shares during the period. Advisor Group Holdings Inc. lifted its position in Getty Images by 90,312.5% during the fourth quarter. Advisor Group Holdings Inc. now owns 28,932 shares of the company’s stock worth $160,000 after purchasing an additional 28,900 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in Getty Images by 167.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 30,987 shares of the company’s stock worth $172,000 after purchasing an additional 19,394 shares during the period. Institutional investors own 45.75% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on GETY shares. Wedbush reiterated an “outperform” rating and issued a $7.70 price objective on shares of Getty Images in a report on Friday, March 15th. Benchmark lifted their price objective on shares of Getty Images from $7.00 to $8.00 and gave the company a “buy” rating in a report on Friday, March 15th. Finally, Citigroup boosted their target price on shares of Getty Images from $5.50 to $6.00 and gave the stock a “buy” rating in a report on Friday, March 15th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, Getty Images has a consensus rating of “Moderate Buy” and an average price target of $6.35.

Getty Images Company Profile

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.