Getty Images Holdings, Inc. (NYSE:GETY – Get Free Report) insider Michael Teaster sold 38,100 shares of Getty Images stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $0.79, for a total value of $30,099.00. Following the completion of the transaction, the insider directly owned 488,862 shares of the company’s stock, valued at approximately $386,200.98. This represents a 7.23% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 shares were sold at an average price of $0.78, for a total transaction of $5,137.86.
Getty Images Stock Down 3.9%
NYSE:GETY traded down $0.03 on Friday, reaching $0.76. 820,810 shares of the stock traded hands, compared to its average volume of 2,425,318. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 2.13. The company has a market capitalization of $316.73 million, a price-to-earnings ratio of -2.91 and a beta of 2.03. Getty Images Holdings, Inc. has a 12 month low of $0.67 and a 12 month high of $3.21. The company’s fifty day simple moving average is $0.88 and its 200 day simple moving average is $1.07.
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of GETY. AQR Capital Management LLC lifted its holdings in Getty Images by 1,201.6% in the first quarter. AQR Capital Management LLC now owns 275,296 shares of the company’s stock valued at $476,000 after acquiring an additional 254,146 shares during the period. Geode Capital Management LLC lifted its holdings in Getty Images by 14.0% in the second quarter. Geode Capital Management LLC now owns 1,866,490 shares of the company’s stock valued at $3,099,000 after acquiring an additional 228,532 shares during the period. Creative Planning bought a new position in Getty Images in the second quarter valued at about $75,000. JPMorgan Chase & Co. lifted its holdings in Getty Images by 43.8% in the second quarter. JPMorgan Chase & Co. now owns 2,434,545 shares of the company’s stock valued at $4,041,000 after acquiring an additional 742,008 shares during the period. Finally, Rhumbline Advisers lifted its holdings in Getty Images by 15.2% in the second quarter. Rhumbline Advisers now owns 150,736 shares of the company’s stock valued at $250,000 after acquiring an additional 19,859 shares during the period. Institutional investors own 45.75% of the company’s stock.
Analyst Upgrades and Downgrades
A number of research analysts have recently issued reports on the company. Wedbush reaffirmed an “outperform” rating and set a $7.00 price target on shares of Getty Images in a report on Tuesday, May 12th. Zacks Research raised Getty Images from a “strong sell” rating to a “hold” rating in a report on Monday, May 18th. Citigroup lowered their price target on Getty Images from $1.85 to $0.85 and set a “neutral” rating on the stock in a report on Monday, February 23rd. Finally, Weiss Ratings downgraded Getty Images from a “sell (d)” rating to a “sell (e+)” rating in a report on Tuesday, May 12th. One investment analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $3.78.
Get Our Latest Stock Report on Getty Images
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.
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