Getty Images Holdings, Inc. (NYSE:GETY) Receives Average Recommendation of “Reduce” from Brokerages

Getty Images Holdings, Inc. (NYSE:GETY) has earned an average recommendation of “Reduce” from the six analysts that are covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $4.0250.

GETY has been the subject of several analyst reports. Zacks Research lowered shares of Getty Images from a “hold” rating to a “strong sell” rating in a research report on Monday, September 8th. Benchmark cut shares of Getty Images from a “buy” rating to a “hold” rating and set a $3.50 target price for the company. in a research report on Tuesday, August 12th. Wedbush lowered their target price on shares of Getty Images from $7.70 to $7.00 and set an “outperform” rating for the company in a research note on Tuesday, August 12th. Citigroup reaffirmed a “neutral” rating and set a $1.85 price target (down from $2.05) on shares of Getty Images in a research report on Tuesday, August 12th. Finally, Wall Street Zen raised Getty Images from a “sell” rating to a “hold” rating in a research report on Saturday, August 16th.

Getty Images Stock Up 2.6%

Getty Images stock opened at $2.01 on Wednesday. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 2.03. The firm has a market cap of $833.77 million, a P/E ratio of -7.18 and a beta of 1.87. The business has a fifty day moving average of $1.88 and a two-hundred day moving average of $1.82. Getty Images has a twelve month low of $1.25 and a twelve month high of $4.49.

Getty Images (NYSE:GETY) last announced its quarterly earnings results on Monday, August 11th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.11). The company had revenue of $234.88 million during the quarter, compared to analysts’ expectations of $234.77 million. Getty Images had a negative net margin of 12.19% and a negative return on equity of 14.39%. The company’s revenue was up 2.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.01 earnings per share. Getty Images has set its FY 2025 guidance at EPS. On average, analysts forecast that Getty Images will post 0.08 earnings per share for the current fiscal year.

Insider Activity

In other news, SVP Cho Mikael sold 16,733 shares of the business’s stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $2.02, for a total transaction of $33,800.66. Following the sale, the senior vice president owned 159,137 shares in the company, valued at approximately $321,456.74. The trade was a 9.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Craig Warren Peters sold 32,950 shares of the company’s stock in a transaction dated Wednesday, September 24th. The shares were sold at an average price of $2.03, for a total transaction of $66,888.50. Following the transaction, the chief executive officer owned 1,246,736 shares in the company, valued at approximately $2,530,874.08. This trade represents a 2.57% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 169,336 shares of company stock valued at $337,397. Corporate insiders own 11.20% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in GETY. Vanguard Group Inc. lifted its stake in shares of Getty Images by 2.4% during the first quarter. Vanguard Group Inc. now owns 10,471,652 shares of the company’s stock worth $18,116,000 after buying an additional 246,403 shares during the period. Invenomic Capital Management LP purchased a new stake in Getty Images during the 1st quarter valued at about $4,646,000. JPMorgan Chase & Co. increased its holdings in shares of 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 purchasing an additional 742,008 shares during the period. Geode Capital Management LLC raised its stake in shares of Getty Images by 14.0% in the second quarter. Geode Capital Management LLC now owns 1,866,490 shares of the company’s stock worth $3,099,000 after purchasing an additional 228,532 shares during the last quarter. Finally, Toronto Dominion Bank acquired a new stake in shares of Getty Images during the fourth quarter worth about $3,553,000. Hedge funds and other institutional investors own 45.75% of the company’s stock.

About Getty Images

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.