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

Key Points

• Analysts give Getty Images a consensus Reduce rating (2 sell, 2 hold, 1 buy) with an average 1‑year price target of $3.78 while the stock trades near $0.80.
• Significant insider selling has occurred recently — insiders offloaded 391,563 shares (≈$305k) in the last 90 days, including CEO Craig Warren Peters (167,403 shares, ~11.5% reduction).
• Getty missed on EPS for the quarter (-$0.22 vs $0.03 expected) despite revenue beating estimates ($282.29M vs $246.17M), and reported a negative net margin (-21%) and return on equity (-25.05%).

Getty Images Holdings, Inc. (NYSE:GETY - Get Free Report) has been given an average recommendation of "Reduce" by the five research firms that are covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $3.7833.

A number of analysts recently weighed in on the stock. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Getty Images in a research report on Tuesday, April 21st. Citigroup decreased their price target on shares of Getty Images from $1.85 to $0.85 and set a "neutral" rating for the company in a research report on Monday, February 23rd. Finally, Zacks Research cut shares of Getty Images from a "hold" rating to a "strong sell" rating in a research report on Friday, March 20th.

Insiders Place Their Bets

In related news, insider Grant Farhall sold 42,022 shares of the company's stock in a transaction on Wednesday, March 25th. The shares were sold at an average price of $0.78, for a total transaction of $32,777.16. Following the completion of the sale, the insider directly owned 288,190 shares of the company's stock, valued at approximately $224,788.20. This represents a 12.73% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Craig Warren Peters sold 167,403 shares of the company's stock in a transaction on Wednesday, March 25th. The stock was sold at an average price of $0.78, for a total transaction of $130,574.34. Following the sale, the chief executive officer directly owned 1,289,548 shares of the company's stock, valued at approximately $1,005,847.44. This trade represents a 11.49% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 391,563 shares of company stock valued at $305,419. 12.50% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Getty Images

A number of institutional investors have recently added to or reduced their stakes in GETY. Koch Inc. lifted its holdings in Getty Images by 42.8% in the 4th quarter. Koch Inc. now owns 115,259,246 shares of the company's stock worth $154,447,000 after buying an additional 34,525,639 shares in the last quarter. Readystate Asset Management LP acquired a new position in Getty Images in the 4th quarter worth $3,071,000. Millennium Management LLC lifted its holdings in Getty Images by 160.7% in the 4th quarter. Millennium Management LLC now owns 1,530,821 shares of the company's stock worth $2,051,000 after buying an additional 943,567 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Getty Images by 43.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,434,545 shares of the company's stock worth $4,041,000 after buying an additional 742,008 shares in the last quarter. Finally, Callodine Capital Management LP acquired a new position in Getty Images in the 4th quarter worth $670,000. Institutional investors and hedge funds own 45.75% of the company's stock.

Getty Images Stock Up 4.9%

Shares of NYSE GETY opened at $0.80 on Thursday. Getty Images has a 52-week low of $0.67 and a 52-week high of $3.21. The firm has a fifty day moving average of $0.82 and a 200-day moving average of $1.22. The stock has a market capitalization of $332.96 million, a PE ratio of -1.59 and a beta of 1.94. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 2.12.

Getty Images (NYSE:GETY - Get Free Report) last announced its quarterly earnings data on Monday, March 16th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.25). Getty Images had a negative net margin of 21.00% and a negative return on equity of 25.05%. The company had revenue of $282.29 million for the quarter, compared to analysts' expectations of $246.17 million. On average, analysts anticipate that Getty Images will post -0.02 EPS for the current year.

Getty Images Company Profile

Getty Images NYSE: GETY is a leading global provider of digital visual content, offering an extensive library of stock photography, editorial imagery, video footage and music. The company supplies creative and rights-managed assets to a broad range of industries, including advertising, media, corporate communications and publishing. Through its online platform and licensing services, Getty Images enables customers to search, license and download multimedia content for commercial and editorial use.

Founded in 1995 by Mark Getty and Jonathan Klein, Getty Images pioneered the aggregation of photographic archives into a centralized, digital marketplace.

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