Getty Images (NYSE:GETY) Issues Quarterly Earnings Results

Key Points

• Getty Images reported a quarterly earnings per share (EPS) of (-$0.08), missing the consensus estimate by ($0.11), and has a negative return on equity of 8.87%.
• The company's stock price reached $1.71 with a market capitalization of approximately $707.25 million, while institutional investors currently own 45.75% of the stock.
• Research analysts have mixed opinions on Getty Images, with ratings from "strong buy" to "sell", reflecting an average price target of $4.35.

Getty Images (NYSE:GETY - Get Free Report) released its earnings results on Monday. The company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.03 by ($0.11), Zacks reports. Getty Images had a negative net margin of 12.19% and a negative return on equity of 14.39%. The company had revenue of $234.88 million during the quarter, compared to analysts' expectations of $234.77 million. During the same quarter in the previous year, the firm posted $0.01 earnings per share. Getty Images's revenue for the quarter was up 2.5% compared to the same quarter last year. Getty Images updated its FY 2025 guidance to EPS.

Getty Images Stock Up 2.5%

GETY traded up $0.05 during trading on Friday, hitting $1.84. The company had a trading volume of 103,836 shares, compared to its average volume of 1,683,718. The company has a market cap of $761.18 million, a PE ratio of -6.55 and a beta of 1.87. The business has a 50-day moving average of $1.77 and a 200-day moving average of $1.93. The company has a debt-to-equity ratio of 2.03, a current ratio of 0.70 and a quick ratio of 0.72. Getty Images has a 1-year low of $1.25 and a 1-year high of $4.49.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on GETY shares. Zacks Research upgraded shares of Getty Images to a "hold" rating in a report on Friday, August 8th. Wall Street Zen downgraded shares of Getty Images from a "buy" rating to a "sell" rating in a research note on Thursday, May 22nd. Benchmark downgraded shares of Getty Images from a "buy" rating to a "hold" rating and set a $3.50 price objective for the company. in a research note on Tuesday. Citigroup reiterated a "neutral" rating and set a $1.85 price objective (down from $2.05) on shares of Getty Images in a research note on Tuesday. Finally, Wedbush decreased their price objective on shares of Getty Images from $7.70 to $7.00 and set an "outperform" rating for the company in a research note on Tuesday. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, Getty Images presently has a consensus rating of "Hold" and an average price target of $4.03.

Insider Activity at Getty Images

In other news, CEO Craig Warren Peters sold 33,262 shares of the firm's stock in a transaction dated Wednesday, June 25th. The shares were sold at an average price of $1.77, for a total transaction of $58,873.74. Following the completion of the transaction, the chief executive officer owned 1,279,686 shares in the company, valued at approximately $2,265,044.22. This trade represents a 2.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders have sold a total of 80,010 shares of company stock worth $141,618 in the last three months. 11.20% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Getty Images

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GETY. Cerity Partners LLC bought a new position in Getty Images in the second quarter worth $32,000. Creative Planning bought a new stake in shares of Getty Images in the 2nd quarter valued at about $75,000. The Manufacturers Life Insurance Company increased its stake in 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 purchasing an additional 6,856 shares in the last quarter. Sei Investments Co. acquired a new position in Getty Images during the 2nd quarter worth approximately $141,000. Finally, Rhumbline Advisers boosted its holdings in shares of Getty Images by 15.2% in the 2nd quarter. Rhumbline Advisers now owns 150,736 shares of the company's stock valued at $250,000 after buying an additional 19,859 shares during the last quarter. Institutional investors own 45.75% of the company's stock.

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.