Getty Images (NYSE:GETY) SVP Sells $11,806.48 in Stock

Getty Images Holdings, Inc. (NYSE:GETY) SVP Kenneth Arrigo Mainardis sold 5,816 shares of the business’s stock in a transaction on Wednesday, September 24th. The stock was sold at an average price of $2.03, for a total value of $11,806.48. Following the completion of the sale, the senior vice president directly owned 211,899 shares in the company, valued at $430,154.97. This represents a 2.67% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

Getty Images Trading Up 2.6%

Shares of GETY stock opened at $2.01 on Monday. The stock has a 50-day simple moving average of $1.88 and a 200 day simple moving average of $1.82. The stock has a market capitalization of $833.77 million, a P/E ratio of -7.18 and a beta of 1.87. Getty Images Holdings, Inc. has a fifty-two week low of $1.25 and a fifty-two week high of $4.49. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 2.03.

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

Institutional Trading of Getty Images

Hedge funds have recently modified their holdings of the business. The Manufacturers Life Insurance Company increased its stake in Getty Images by 16.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 49,458 shares of the company’s stock valued at $82,000 after buying an additional 6,856 shares during the period. ProShare Advisors LLC boosted its stake in shares of Getty Images by 49.0% during the 4th quarter. ProShare Advisors LLC now owns 28,255 shares of the company’s stock valued at $61,000 after buying an additional 9,297 shares during the period. Intech Investment Management LLC grew its holdings in shares of Getty Images by 19.3% during the 2nd quarter. Intech Investment Management LLC now owns 68,843 shares of the company’s stock valued at $114,000 after acquiring an additional 11,121 shares in the last quarter. BNP Paribas Financial Markets purchased a new position in shares of Getty Images during the 4th quarter valued at $27,000. Finally, Ameriprise Financial Inc. acquired a new position in shares of Getty Images in the fourth quarter worth $28,000. Hedge funds and other institutional investors own 45.75% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on GETY. Wedbush decreased their price target on shares of Getty Images from $7.70 to $7.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 12th. Wall Street Zen raised Getty Images from a “sell” rating to a “hold” rating in a research note on Saturday, August 16th. Citigroup restated a “neutral” rating and issued a $1.85 target price (down from $2.05) on shares of Getty Images in a report on Tuesday, August 12th. Benchmark downgraded Getty Images from a “buy” rating to a “hold” rating and set a $3.50 target price for the company. in a report on Tuesday, August 12th. Finally, Zacks Research cut Getty Images from a “hold” rating to a “strong sell” rating in a research note on Monday, September 8th. One analyst has rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Reduce” and an average price target of $4.03.

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.