Getty Images (NYSE:GETY) SVP Sells $33,800.66 in Stock

Key Points

• Cho Mikael, SVP of Getty Images, sold 16,733 shares at $2.02 each, totaling approximately $33,800, which decreased his holdings by 9.51% to 159,137 shares.
• Getty Images reported a quarterly earnings loss of ($0.08) per share, missing estimates by ($0.11), with a year-over-year revenue increase of 2.5% to $234.88 million.
• Institutional investors own 45.75% of Getty Images stock, with recent new positions acquired by several firms, indicating interest in the company despite mixed analyst ratings.

Getty Images Holdings, Inc. (NYSE:GETY - Get Free Report) SVP Cho Mikael sold 16,733 shares of the stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $2.02, for a total value of $33,800.66. Following the transaction, the senior vice president directly owned 159,137 shares in the company, valued at approximately $321,456.74. The trade was a 9.51% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Cho Mikael also recently made the following trade(s):

• On Monday, September 15th, Cho Mikael sold 14,491 shares of Getty Images stock. The stock was sold at an average price of $2.02, for a total value of $29,271.82.
• On Friday, September 12th, Cho Mikael sold 31,078 shares of Getty Images stock. The shares were sold at an average price of $1.93, for a total value of $59,980.54.
• On Friday, September 12th, Cho Mikael sold 26,913 shares of Getty Images stock. The shares were sold at an average price of $1.93, for a total value of $51,942.09.
• On Wednesday, June 25th, Cho Mikael sold 2,610 shares of Getty Images stock. The shares were sold at an average price of $1.77, for a total value of $4,619.70.
• On Wednesday, June 25th, Cho Mikael sold 4,836 shares of Getty Images stock. The shares were sold at an average price of $1.77, for a total value of $8,559.72.

Getty Images Stock Up 1.0%

GETY stock traded up $0.02 during mid-day trading on Friday, reaching $2.06. The company had a trading volume of 1,271,604 shares, compared to its average volume of 449,400. The company has a debt-to-equity ratio of 2.03, a quick ratio of 0.70 and a current ratio of 0.70. The company has a market capitalization of $854.51 million, a price-to-earnings ratio of -7.36 and a beta of 1.87. The firm has a fifty day simple moving average of $1.84 and a 200 day simple moving average of $1.83. Getty Images Holdings, Inc. has a fifty-two week low of $1.25 and a fifty-two week high of $4.49.

Getty Images (NYSE:GETY - Get Free Report) last posted 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 analyst estimates of $234.77 million. Getty Images had a negative net margin of 12.19% and a negative return on equity of 14.39%. Getty Images's revenue for the quarter was up 2.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.01 EPS. Getty Images has set its FY 2025 guidance at EPS. Analysts forecast that Getty Images Holdings, Inc. will post 0.08 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Koch Inc. purchased a new position in shares of Getty Images in the 4th quarter valued at approximately $174,385,000. Vanguard Group Inc. grew its stake in shares of Getty Images by 2.4% in the 1st quarter. Vanguard Group Inc. now owns 10,471,652 shares of the company's stock valued at $18,116,000 after purchasing an additional 246,403 shares during the last quarter. Invenomic Capital Management LP purchased a new position in shares of Getty Images in the 1st quarter valued at approximately $4,646,000. JPMorgan Chase & Co. grew its stake in shares of Getty Images by 43.8% in the 2nd 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 last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Getty Images by 14.0% in the 2nd quarter. Geode Capital Management LLC now owns 1,866,490 shares of the company's stock valued at $3,099,000 after purchasing an additional 228,532 shares during the last quarter. Hedge funds and other institutional investors own 45.75% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Benchmark lowered Getty Images from a "buy" rating to a "hold" rating and set a $3.50 target price on the stock. in a research report on Tuesday, August 12th. Citigroup reissued a "neutral" rating and set a $1.85 target price (down previously from $2.05) on shares of Getty Images 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 report on Saturday, August 16th. Zacks Research lowered Getty Images from a "hold" rating to a "strong sell" rating in a research report on Monday, September 8th. Finally, Wedbush cut their target price on Getty Images from $7.70 to $7.00 and set an "outperform" rating on the stock in a research report on Tuesday, August 12th. One equities research analyst has rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Reduce" and an average price target of $4.03.

Getty Images Company Profile

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.