Getty Images Holdings Inc. (NYSE:GETY) shares traded -20.36% lower at $3.56 on Wall Street last session.
GETY stock price is now -38.68% away from the 50-day moving average and -63.15% away from the 200-day moving average. The market capitalization of the company currently stands at $1.54B.
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With the price target of $6, Wedbush recently initiated with Outperform rating for Getty Images Holdings Inc. (NYSE: GETY)., while ‘Citigroup’ rates the stock as ‘Buy’.
In other news, Neuberger Berman Group LLC, 10% Owner sold 73,555 shares of the company’s stock on Feb 07. The stock was sold for $580,555 at an average price of $7.89. Upon completion of the transaction, the 10% Owner now directly owns 64,523,168 shares in the company, valued at $229.7 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 20, 10% Owner Neuberger Berman Group LLC sold 5,200 shares of the business’s stock. A total of $45,455 was realized by selling the stock at an average price of $8.74. This leaves the insider owning 64,596,723 shares of the company worth $229.96 million. Insiders disposed of 8,258,834 shares of company stock worth roughly $29.4 million over the past 1 year. A total of 68.50% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in GETY stock. A new stake in Getty Images Holdings Inc. shares was purchased by CARLYLE GROUP INC. during the first quarter worth $42,374,000. ZAZOVE ASSOCIATES LLC invested $1,023,000 in shares of GETY during the first quarter. In the first quarter, INVESCO LTD. acquired a new stake in Getty Images Holdings Inc. valued at approximately $620,000. RBF CAPITAL, LLC acquired a new stake in GETY for approximately $249,000. SUSQUEHANNA INTERNATIONAL GROUP, LLP purchased a new stake in GETY valued at around $184,000 in the second quarter. In total, there are 40 active investors with 41.50% ownership of the company’s stock.
Getty Images Holdings Inc. (NYSE: GETY) opened at $4.4100 on Monday. During the past 12 months, Getty Images Holdings Inc. has had a low of $4.40 and a high of $37.88. As of last week, the company has a debt-to-equity ratio of 2.62, a current ratio of 0.80, and a quick ratio of 0.80. The fifty day moving average price for GETY is $5.7748 and a two-hundred day moving average price translates $9.6281 for the stock.
The latest earnings results from Getty Images Holdings Inc. (NYSE: GETY) was released for Sep, 2022. According to the Internet Content & Information Company, earnings per share came in at -$0.93, missing analysts’ expectations of $0.11 by -1.04. This compares to -$0.35 EPS in the same period last year. The net profit margin was -15.90% and return on equity was -23.10% for GETY. The company reported revenue of $695.77 million for the quarter, compared to $681.67 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 2.07 percent. For the current quarter, analysts expect GETY to generate $241.56M in revenue.
Getty Images Holdings Inc.(GETY) Company Profile
Getty Images Holdings, Inc. operates as a visual content creator and marketplace in the United States and internationally. It maintains privately-owned photographic archives covering approximately 160,000 news, sport, and entertainment events, as well as variety of subjects, including lifestyle, business, science, health and beauty, sports, transportation, and travel under the Getty Images, iStock, and Unsplash brands. The company also provides music licensing, and digital asset management and distribution services; and sells wall décor products. It serves largest enterprises, smallest businesses, and individual creators. The company was founded in 1995 and is based in Seattle, Washington.
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