Getty Images Holdings, Inc. (NYSE:GETY) Receives Consensus Rating of "Reduce" from Analysts

Key Points

• Getty Images Holdings, Inc. has received a consensus rating of "Reduce" from analysts, with most recommending either a hold or sell strategy on the stock.
• The stock's average twelve-month price target among brokerages is set at $4.0250, while the shares recently opened at $2.15.
• CEO Craig Warren Peters recently sold 32,950 shares of Getty Images stock, indicating a 2.57% decrease in his ownership position, amidst overall insider selling activity in the company.

Shares of Getty Images Holdings, Inc. (NYSE:GETY - Get Free Report) have been assigned a consensus recommendation of "Reduce" from the seven research firms that are covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $4.0250.

A number of analysts have issued reports on GETY shares. Zacks Research raised Getty Images from a "strong sell" rating to a "hold" rating in a report on Wednesday. Citigroup reissued a "neutral" rating and set a $1.85 price objective (down previously from $2.05) on shares of Getty Images in a report on Tuesday, August 12th. Benchmark lowered 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. Wall Street Zen raised Getty Images from a "sell" rating to a "hold" rating in a report on Saturday, August 16th. Finally, Weiss Ratings reissued a "sell (d)" rating on shares of Getty Images in a report on Wednesday, October 8th.

Getty Images Stock Performance

GETY opened at $2.15 on Friday. The firm has a market capitalization of $891.84 million, a P/E ratio of -7.68 and a beta of 1.88. The stock's 50 day moving average price is $1.98 and its two-hundred day moving average price is $1.84. 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 has a 12-month low of $1.25 and a 12-month high of $4.49.

Getty Images (NYSE:GETY - Get Free Report) last released its 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 business 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%. The business's quarterly revenue was up 2.5% compared to the same quarter last year. During the same period last year, the business earned $0.01 EPS. Getty Images has set its FY 2025 guidance at EPS. On average, equities analysts forecast that Getty Images will post 0.08 earnings per share for the current year.

Insider Activity at Getty Images

In other news, CEO Craig Warren Peters sold 32,950 shares of Getty Images stock in a transaction that occurred on Wednesday, September 24th. The stock was sold at an average price of $2.03, for a total transaction of $66,888.50. Following the sale, the chief executive officer owned 1,246,736 shares of the company's stock, valued at approximately $2,530,874.08. This trade represents a 2.57% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Cho Mikael sold 25,555 shares of the firm's stock in a transaction that occurred on Tuesday, October 14th. The stock was sold at an average price of $2.11, for a total value of $53,921.05. Following the transaction, the senior vice president owned 131,348 shares of the company's stock, valued at $277,144.28. This trade represents a 16.29% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 218,595 shares of company stock worth $441,333 in the last three months. 11.20% of the stock is owned by insiders.

Hedge Funds Weigh In On Getty Images

Several hedge funds and other institutional investors have recently modified their holdings of the stock. The Manufacturers Life Insurance Company lifted its position in shares of Getty Images by 16.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 49,458 shares of the company's stock worth $82,000 after buying an additional 6,856 shares during the period. Intech Investment Management LLC lifted its position 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 worth $114,000 after buying an additional 11,121 shares during the period. American Century Companies Inc. lifted its position in shares of Getty Images by 11.2% during the 2nd quarter. American Century Companies Inc. now owns 151,727 shares of the company's stock worth $252,000 after buying an additional 15,296 shares during the period. HHM Wealth Advisors LLC bought a new position in shares of Getty Images during the 1st quarter worth approximately $29,000. Finally, CWM LLC lifted its position in shares of Getty Images by 809.5% during the 1st quarter. CWM LLC now owns 19,708 shares of the company's stock worth $34,000 after buying an additional 17,541 shares during the period. Institutional investors own 45.75% of the company's stock.

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.

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