Getty Images Holdings, Inc. (NYSE:GETY) Given Consensus Rating of "Reduce" by Brokerages

Key Points

• Getty Images Holdings, Inc. has received a consensus recommendation of "Reduce" from six research firms, with two sell recommendations and an average target price of $4.0250.
• Recent stock performance indicates a price drop, with shares opening at $2.02 and a 50-day moving average of $1.86.
• Insider activity shows significant selling, with a senior vice president selling 16,733 shares for a total value of $33,800.66, marking a 9.51% decrease in their position.

Shares of Getty Images Holdings, Inc. (NYSE:GETY - Get Free Report) have received a consensus recommendation of "Reduce" from the six research firms that are currently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and one has given a buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $4.0250.

Several equities research analysts have issued reports on GETY shares. Benchmark downgraded Getty Images from a "buy" rating to a "hold" rating and set a $3.50 price objective on the stock. in a report on Tuesday, August 12th. Zacks Research downgraded Getty Images from a "hold" rating to a "strong sell" rating in a report on Monday, September 8th. Citigroup restated a "neutral" rating and set a $1.85 price objective (down from $2.05) on shares of Getty Images in a report on Tuesday, August 12th. Wedbush dropped their price objective on Getty Images from $7.70 to $7.00 and set an "outperform" rating on the stock in a report on Tuesday, August 12th. Finally, Wall Street Zen upgraded Getty Images from a "sell" rating to a "hold" rating in a report on Saturday, August 16th.

Getty Images Stock Performance

Getty Images stock opened at $2.02 on Wednesday. The stock's 50 day moving average price is $1.86 and its 200 day moving average price is $1.83. The firm has a market capitalization of $835.84 million, a PE ratio of -7.20 and a beta of 1.87. 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 has a one year low of $1.25 and a one year high of $4.49.

Getty Images (NYSE:GETY - Get Free Report) last released 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). The company had revenue of $234.88 million for the quarter, compared to analyst estimates of $234.77 million. Getty Images had a negative return on equity of 14.39% and a negative net margin of 12.19%.The business's revenue was up 2.5% on a year-over-year basis. During the same period last year, the firm posted $0.01 earnings per share. Getty Images has set its FY 2025 guidance at EPS. As a group, sell-side analysts expect that Getty Images will post 0.08 EPS for the current fiscal year.

Insider Buying and Selling at Getty Images

In other news, SVP Cho Mikael sold 16,733 shares of the business's stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $2.02, for a total value of $33,800.66. Following the completion of the sale, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last ninety days, insiders sold 90,650 shares of company stock valued at $177,664. 11.20% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in GETY. Invenomic Capital Management LP bought a new stake in Getty Images in the first quarter valued at $4,646,000. Toronto Dominion Bank bought a new position in shares of Getty Images during the fourth quarter worth about $3,553,000. JPMorgan Chase & Co. grew its position in shares of Getty Images by 43.8% during the second quarter. JPMorgan Chase & Co. now owns 2,434,545 shares of the company's stock worth $4,041,000 after acquiring an additional 742,008 shares during the last quarter. TIG Advisors LLC bought a new position in shares of Getty Images during the first quarter worth about $654,000. Finally, Jane Street Group LLC bought a new position in shares of Getty Images during the second quarter worth about $534,000. 45.75% of the stock is currently owned by institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.