Getty Images (NYSE:GETY) Issues Quarterly Earnings Results, Misses Expectations By $0.11 EPS

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) issued its earnings results on Monday. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.11), Zacks reports. The business had revenue of $234.88 million for the quarter, compared to the consensus estimate of $234.77 million. Getty Images had a negative net margin of 8.13% and a negative return on equity of 8.87%. The firm's revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period last year, the business posted $0.01 EPS. Getty Images updated its FY 2025 guidance to EPS.

Getty Images Price Performance

Shares of GETY stock opened at $1.71 on Tuesday. Getty Images has a twelve month low of $1.25 and a twelve month high of $4.49. The stock has a market capitalization of $707.25 million, a price-to-earnings ratio of -8.97 and a beta of 1.87. The stock has a fifty day simple moving average of $1.77 and a two-hundred day simple moving average of $1.94. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 2.04.

Insider Buying and Selling at Getty Images

In other Getty Images news, CEO Craig Warren Peters sold 33,262 shares of the company's stock in a transaction on Wednesday, June 25th. The stock was sold at an average price of $1.77, for a total value of $58,873.74. Following the completion of the sale, the chief executive officer directly owned 1,279,686 shares in the company, valued at approximately $2,265,044.22. This represents a 2.53% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last three months, insiders sold 80,010 shares of company stock valued at $141,618. 11.20% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Getty Images

Several hedge funds have recently made changes to their positions in GETY. Creative Planning bought a new position in shares of Getty Images in the 2nd quarter worth $75,000. AQR Capital Management LLC raised its position in shares of Getty Images by 1,201.6% in the 1st quarter. AQR Capital Management LLC now owns 275,296 shares of the company's stock worth $476,000 after acquiring an additional 254,146 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Getty Images by 14.0% in the 2nd quarter. Geode Capital Management LLC now owns 1,866,490 shares of the company's stock worth $3,099,000 after acquiring an additional 228,532 shares in the last quarter. 45.75% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have issued reports on GETY. Wedbush raised Getty Images to a "strong-buy" rating in a research note on Tuesday, July 1st. Wall Street Zen downgraded Getty Images from a "buy" rating to a "sell" rating in a research note on Thursday, May 22nd. Benchmark downgraded Getty Images from a "buy" rating to a "hold" rating and set a $3.50 price objective on the stock. in a research note on Tuesday. Finally, Citigroup reiterated a "neutral" rating and issued a $1.85 target price (down previously from $2.05) on shares of Getty Images in a report on Tuesday. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $4.20.

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.