Gene Foca Sells 31,576 Shares of Getty Images (NYSE:GETY) Stock

Getty Images Holdings, Inc. (NYSE:GETY) CMO Gene Foca sold 31,576 shares of the firm’s stock in a transaction that occurred on Wednesday, March 25th. The shares were sold at an average price of $0.78, for a total transaction of $24,629.28. Following the completion of the transaction, the chief marketing officer directly owned 507,651 shares of the company’s stock, valued at $395,967.78. This represents a 5.86% 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 Trading Up 0.3%

NYSE:GETY opened at $0.75 on Monday. The stock has a fifty day moving average price of $0.96 and a 200 day moving average price of $1.44. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 2.12. Getty Images Holdings, Inc. has a 12-month low of $0.67 and a 12-month high of $3.21. The firm has a market cap of $312.07 million, a PE ratio of -1.49 and a beta of 2.14.

Getty Images (NYSE:GETY) last issued its earnings results on Monday, March 16th. The company reported ($0.22) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.25). Getty Images had a negative net margin of 21.00% and a negative return on equity of 25.05%. The firm had revenue of $282.29 million during the quarter, compared to analyst estimates of $246.17 million. Sell-side analysts anticipate that Getty Images Holdings, Inc. will post 0.08 earnings per share for the current fiscal year.

Institutional Trading of Getty Images

Several institutional investors and hedge funds have recently bought and sold shares of GETY. Wealth Enhancement Advisory Services LLC grew its position in Getty Images by 47.2% during the 3rd 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 last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of 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 buying an additional 6,856 shares during the period. Alliancebernstein L.P. grew its holdings in shares of 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 buying an additional 8,900 shares during the last quarter. Intech Investment Management LLC raised its stake in Getty Images by 14.7% during the 4th quarter. Intech Investment Management LLC now owns 71,564 shares of the company’s stock valued at $96,000 after acquiring an additional 9,173 shares during the last quarter. Finally, Polymer Capital Management US LLC raised its stake in Getty Images by 7.9% during the 3rd quarter. Polymer Capital Management US LLC now owns 136,798 shares of the company’s stock valued at $271,000 after acquiring an additional 10,007 shares during the last quarter. Hedge funds and other institutional investors own 45.75% of the company’s stock.

Key Getty Images News

Here are the key news stories impacting Getty Images this week:

• Positive Sentiment: Koch Inc. and several institutions materially increased holdings in Q4 (Koch reported a large stake raise), signaling activist/institutional support that can underpin the share price. MarketBeat: GETY institutional holdings
• Neutral Sentiment: Recent quarter mixed: Getty beat revenue estimates ($282.3M vs. ~$246M) but missed on EPS (reported ($0.22) vs. $0.03 expected) and still shows negative margins and high leverage — a reminder earnings momentum is unstable. MarketBeat: GETY earnings summary
• Negative Sentiment: Widespread insider selling on Mar. 25: CEO Craig Peters sold ~167k shares (~11.5% of his holding), along with multiple executives (CFO, CTO, CMO, SVPs and VPs) selling sizeable positions — a clear negative signal for sentiment and potential near-term selling pressure. SEC Filing – Craig Peters sale
• Negative Sentiment: Multiple additional insider sale filings confirm the executive sell-off (CFO Jennifer Leyden, CTO Nathaniel Gandert, CMO Gene Foca, and others) — aggregated insider exits amplify negative investor interpretation. InsiderTrades: GETY insider sales
• Negative Sentiment: Recent analyst moves skew bearish: Zacks moved to “strong sell,” Citigroup cut its target/neutral, and Weiss reiterated a sell — contributing to weaker sentiment and pressure on the stock multiple. MarketBeat: analyst coverage

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Citigroup cut their target price on Getty Images from $1.85 to $0.85 and set a “neutral” rating on the stock in a research report on Monday, February 23rd. Zacks Research cut shares of Getty Images from a “hold” rating to a “strong sell” rating in a report on Friday, March 20th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Getty Images in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus price target of $3.78.

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.