Gene Foca Sells 6,212 Shares of Getty Images (NYSE:GETY) Stock

Key Points

• Gene Foca, the Chief Marketing Officer of Getty Images, sold 6,212 shares of the company's stock for a total of $12,610.36, reducing his ownership by 1.27% to 481,460 shares.
• Getty Images reported an EPS of ($0.08) for the last quarter, missing analysts' estimates, while revenue was $234.88 million and showed a 2.5% year-over-year increase.
• Several analysts have downgraded Getty Images' stock rating recently, with Zacks Research issuing a "strong sell" rating and a consensus target price of $4.03.

Getty Images Holdings, Inc. (NYSE:GETY - Get Free Report) CMO Gene Foca sold 6,212 shares of the business's stock in a transaction dated Wednesday, September 24th. The stock was sold at an average price of $2.03, for a total value of $12,610.36. Following the sale, the chief marketing officer directly owned 481,460 shares of the company's stock, valued at $977,363.80. This represents a 1.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Getty Images Trading Up 2.6%

Shares of GETY stock traded up $0.05 on Friday, reaching $2.01. The company had a trading volume of 480,238 shares, compared to its average volume of 1,504,379. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 2.03. The stock has a market cap of $833.77 million, a PE ratio of -7.18 and a beta of 1.87. The company has a 50-day moving average of $1.87 and a 200-day moving average of $1.83. Getty Images Holdings, Inc. has a 12 month low of $1.25 and a 12 month high of $4.49.

Getty Images (NYSE:GETY - Get Free Report) last announced its quarterly earnings results on Monday, August 11th. The company reported ($0.08) 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 the consensus estimate of $234.77 million. Getty Images had a negative net margin of 12.19% and a negative return on equity of 14.39%. The business's revenue was up 2.5% compared to the same quarter last year. During the same period last year, the company earned $0.01 earnings per share. Getty Images has set its FY 2025 guidance at EPS. On average, equities analysts forecast that Getty Images Holdings, Inc. will post 0.08 earnings per share for the current year.

Institutional Investors Weigh In On Getty Images

A number of large investors have recently added to or reduced their stakes in GETY. Ameriprise Financial Inc. bought a new stake in Getty Images in the 4th quarter valued at $28,000. BNP Paribas Financial Markets bought a new stake in Getty Images in the 4th quarter valued at $27,000. Bank of America Corp DE raised its stake in Getty Images by 37.0% in the 4th quarter. Bank of America Corp DE now owns 82,444 shares of the company's stock valued at $178,000 after acquiring an additional 22,248 shares during the period. Deutsche Bank AG raised its stake in Getty Images by 54.2% in the 4th quarter. Deutsche Bank AG now owns 91,695 shares of the company's stock valued at $198,000 after acquiring an additional 32,236 shares during the period. Finally, ProShare Advisors LLC raised its stake in Getty Images by 49.0% in the 4th quarter. ProShare Advisors LLC now owns 28,255 shares of the company's stock valued at $61,000 after acquiring an additional 9,297 shares during the period. Institutional investors own 45.75% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Zacks Research lowered Getty Images from a "hold" rating to a "strong sell" rating in a research report on Monday, September 8th. Citigroup reiterated a "neutral" rating and issued a $1.85 price objective (down from $2.05) on shares of Getty Images in a research report on Tuesday, August 12th. Benchmark lowered Getty Images from a "buy" rating to a "hold" rating and set a $3.50 price objective for the company. in a research report on Tuesday, August 12th. Wedbush reduced their price target on Getty Images from $7.70 to $7.00 and set an "outperform" rating for the company 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. One analyst has rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Reduce" and a consensus 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.

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