Getty Images (NYSE:GETY) SVP Cho Mikael Sells 31,078 Shares

Key Points

• Cho Mikael, SVP of Getty Images, sold a total of 31,078 shares at an average price of $1.93, reducing his holdings by 15.02% to approximately $339,429.10 in value.
• Getty Images reported a loss of $0.08 EPS for the latest quarter, significantly missing analysts' expectations, despite a year-over-year revenue increase of 2.5% to $234.88 million.
• Institutional investors now own 45.75% of Getty Images' stock as various funds have recently made new purchases in the company.

Getty Images Holdings, Inc. (NYSE:GETY - Get Free Report) SVP Cho Mikael sold 31,078 shares of Getty Images stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $1.93, for a total transaction of $59,980.54. Following the sale, the senior vice president owned 175,870 shares of the company's stock, valued at approximately $339,429.10. The trade was a 15.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

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

• On Monday, September 15th, Cho Mikael sold 16,733 shares of Getty Images stock. The stock was sold at an average price of $2.02, for a total transaction of $33,800.66.
• On Monday, September 15th, Cho Mikael sold 14,491 shares of Getty Images stock. The shares were sold at an average price of $2.02, for a total transaction of $29,271.82.
• 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 transaction 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 transaction of $4,619.70.
• On Wednesday, June 25th, Cho Mikael sold 4,836 shares of Getty Images stock. The stock was sold at an average price of $1.77, for a total transaction of $8,559.72.

Getty Images Stock Up 1.0%

Shares of Getty Images stock traded up $0.02 during 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 market cap of $854.51 million, a price-to-earnings ratio of -7.36 and a beta of 1.87. The firm's fifty day moving average is $1.84 and its 200-day moving average is $1.83. The company has a debt-to-equity ratio of 2.03, a quick ratio of 0.70 and a current ratio of 0.70. 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 announced its quarterly earnings data on Monday, August 11th. The company reported ($0.08) earnings per share for the quarter, missing analysts' consensus estimates of $0.03 by ($0.11). Getty Images had a negative net margin of 12.19% and a negative return on equity of 14.39%. The business had revenue of $234.88 million for the quarter, compared to the consensus estimate of $234.77 million. During the same period in the prior year, the company earned $0.01 EPS. Getty Images's quarterly revenue was up 2.5% on a year-over-year basis. Getty Images has set its FY 2025 guidance at EPS. On average, analysts anticipate that Getty Images Holdings, Inc. will post 0.08 EPS for the current year.

Hedge Funds Weigh In On Getty Images

Institutional investors have recently added to or reduced their stakes in the company. Koch Inc. bought a new position in shares of Getty Images during the fourth quarter valued at $174,385,000. Vanguard Group Inc. boosted its position in Getty Images by 2.4% in the first quarter. Vanguard Group Inc. now owns 10,471,652 shares of the company's stock worth $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 during the 1st quarter valued at about $4,646,000. JPMorgan Chase & Co. lifted its position in shares of Getty Images by 43.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,434,545 shares of the company's stock valued at $4,041,000 after buying an additional 742,008 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Getty Images by 14.0% during the 2nd quarter. Geode Capital Management LLC now owns 1,866,490 shares of the company's stock valued at $3,099,000 after buying an additional 228,532 shares in the last quarter. Institutional investors own 45.75% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on GETY. Benchmark downgraded 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 reduced their price objective on shares of Getty Images from $7.70 to $7.00 and set an "outperform" rating for the company in a report on Tuesday, August 12th. Wall Street Zen upgraded shares of Getty Images from a "sell" rating to a "hold" rating in a research report on Saturday, August 16th. Citigroup reissued a "neutral" rating and set a $1.85 price target (down from $2.05) on shares of Getty Images in a report on Tuesday, August 12th. Finally, Zacks Research downgraded shares of Getty Images from a "hold" rating to a "strong sell" rating in a research note on Monday, September 8th. One investment analyst has rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Reduce" and an average target price 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.