Getty Images CEO Craig Peters Sells $39,748 in Shares

Craig Warren Peters, the CEO of Getty Images Holdings, Inc. (NYSE: GETY), sold 31,298 shares of the company’s stock on December 24, 2023, for a total of $39,748.46. The shares were sold at an average price of $1.27 each. Following this transaction, Peters retains ownership of 1,215,438 shares, which are valued at approximately $1,543,606.26. This sale represents a 2.51% decrease in his total ownership.

The transaction was reported to the Securities and Exchange Commission (SEC) and is accessible through their official website.

Getty Images Stock Performance and Financial Overview

As of the latest trading session, Getty Images shares opened at $1.35. The company’s stock has experienced fluctuations, with a 50-day moving average price of $1.56 and a 200-day moving average price of $1.78. Over the past year, the stock reached a low of $1.20 and a high of $3.87.

Financial metrics show a current ratio of 0.71 and a debt-to-equity ratio of 1.96. The company holds a market capitalization of $559.33 million and possesses a negative price-to-earnings (P/E) ratio of -6.11.

In its latest quarterly earnings report, released on November 10, 2023, Getty Images reported earnings per share (EPS) of $0.05, surpassing analysts’ expectations of $0.04 by $0.01. However, the company experienced a slight decline in revenue, reporting $240.04 million compared to the consensus estimate of $239.98 million. This figure reflects a 0.2% decrease from the same quarter in the previous year.

Analyst Ratings and Institutional Investments

Several research analysts have recently provided insights on Getty Images stock. Weiss Ratings reiterated a “sell (d)” rating, while Wedbush maintained an “outperform” rating with a price target of $7.00. Zacks Research upgraded the stock from a “strong sell” to a “hold” rating. Currently, one analyst rates the stock as a Buy, four analysts give it a Hold rating, and one has issued a Sell rating.

According to data from MarketBeat, the overall consensus rating for Getty Images is “Hold” with an average target price of $4.03.

Institutional investors appear to be actively managing their stakes in Getty Images. Invenomic Capital Management LP established a new position valued at $4,646,000 in the first quarter, while JPMorgan Chase & Co. increased its holdings by 43.8% during the second quarter, acquiring an additional 742,008 shares for a total of $4,041,000.

In the third quarter, Millennium Management LLC boosted its position by 1,202.9%, owning 587,254 shares valued at $1,163,000. Other significant investments were made by TIG Advisors LLC and Jane Street Group LLC, reflecting a growing interest among institutional investors, who now hold 45.75% of the company’s stock.

Getty Images, founded in 1995 by Mark Getty and Jonathan Klein, is a leading global provider of digital visual content, offering a vast library of stock photography, editorial imagery, video footage, and music. The company serves a wide array of industries, including advertising, media, corporate communications, and publishing, facilitating the search, licensing, and downloading of multimedia content for both commercial and editorial use.