Getty Images (NYSE:GETY) CEO Craig Warren Peters Sells 32,950 Shares

Key Points

• Getty Images CEO Craig Warren Peters sold 32,950 shares of the company's stock on September 24th, reducing his position by 2.57% and resulting in a total ownership of 1,246,736 shares valued at approximately $2.53 million.
• Following the stock sale, Getty Images shares rose by 2.6%, trading at $2.01 with a market capitalization of $833.77 million, while the company has experienced a significant loss with a P/E ratio of -7.18.
• Recent analyst ratings for Getty Images show a mix of perspectives, with target prices varying from $1.85 to $7.00, and several analysts downgrading the stock from "hold" to "sell" ratings.

Getty Images Holdings, Inc. (NYSE:GETY - Get Free Report) CEO Craig Warren Peters sold 32,950 shares of the firm's stock in a transaction that occurred on Wednesday, September 24th. The shares were sold at an average price of $2.03, for a total transaction of $66,888.50. Following the completion of the transaction, the chief executive officer owned 1,246,736 shares in the company, valued at $2,530,874.08. The trade was a 2.57% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Getty Images Stock Up 2.6%

Shares of GETY stock traded up $0.05 during mid-day trading on Friday, reaching $2.01. 480,238 shares of the company were exchanged, compared to its average volume of 1,504,379. Getty Images Holdings, Inc. has a fifty-two week low of $1.25 and a fifty-two week high of $4.49. The company has a market capitalization of $833.77 million, a P/E ratio of -7.18 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. The business's 50 day simple moving average is $1.87 and its 200 day simple moving average is $1.83.

Getty Images (NYSE:GETY - Get Free Report) last issued 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 business had revenue of $234.88 million during the quarter, compared to the consensus estimate of $234.77 million. Getty Images had a negative return on equity of 14.39% and a negative net margin of 12.19%.Getty Images's revenue was up 2.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.01 earnings per share. Getty Images has set its FY 2025 guidance at EPS. Research analysts predict that Getty Images Holdings, Inc. will post 0.08 earnings per share for the current year.

Wall Street Analyst Weigh In

GETY has been the topic of a number of recent analyst reports. Wedbush reduced their target price on Getty Images from $7.70 to $7.00 and set an "outperform" rating on the stock in a report on Tuesday, August 12th. Citigroup reaffirmed a "neutral" rating and set a $1.85 price target (down from $2.05) on shares of Getty Images in a research note on Tuesday, August 12th. Zacks Research lowered Getty Images from a "hold" rating to a "strong sell" rating in a report on Monday, September 8th. Wall Street Zen upgraded Getty Images from a "sell" rating to a "hold" rating in a research note on Saturday, August 16th. Finally, Benchmark cut Getty Images from a "buy" rating to a "hold" rating and set a $3.50 target price for the company. in a report on Tuesday, August 12th. One equities research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Reduce" and an average target price of $4.03.

Institutional Trading of Getty Images

Several hedge funds and other institutional investors have recently made changes to their positions in GETY. Jane Street Group LLC purchased a new position in shares of Getty Images during the 2nd quarter valued at about $534,000. The Manufacturers Life Insurance Company raised its position in Getty Images by 16.1% in the second quarter. The Manufacturers Life Insurance Company now owns 49,458 shares of the company's stock valued at $82,000 after purchasing an additional 6,856 shares during the period. Sei Investments Co. purchased a new stake in Getty Images in the second quarter valued at approximately $141,000. Cerity Partners LLC purchased a new stake in Getty Images in the second quarter valued at approximately $32,000. Finally, Invesco Ltd. grew its stake in shares of Getty Images by 32.3% in the second quarter. Invesco Ltd. now owns 152,114 shares of the company's stock worth $253,000 after acquiring an additional 37,161 shares in the last quarter. Hedge funds and other 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.

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.