Getty Images (NYSE:GETY) Announces Earnings Results, Misses Estimates By $0.17 EPS

Getty Images (NYSE:GETY - Get Free Report) posted its quarterly earnings data on Monday. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.17), Zacks reports. Getty Images had a return on equity of 6.42% and a net margin of 5.91%. The business had revenue of $224.08 million for the quarter, compared to analyst estimates of $236.01 million. During the same quarter last year, the business earned $0.03 EPS. Getty Images's revenue for the quarter was up .8% compared to the same quarter last year. Getty Images updated its FY 2025 guidance to EPS.

Getty Images Trading Up 2.6%

GETY traded up $0.05 on Friday, reaching $1.81. 550,295 shares of the company's stock were exchanged, compared to its average volume of 1,176,603. Getty Images has a twelve month low of $1.25 and a twelve month high of $4.49. The company's 50 day moving average is $1.84 and its 200-day moving average is $2.40. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.79 and a current ratio of 0.79. The company has a market cap of $746.22 million, a price-to-earnings ratio of 15.04 and a beta of 1.98.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on GETY shares. Citigroup reiterated a "neutral" rating and set a $2.45 price objective on shares of Getty Images in a report on Monday, March 24th. Wedbush reaffirmed an "outperform" rating and set a $7.70 price target on shares of Getty Images in a research note on Tuesday, May 6th. Finally, Benchmark lowered their price objective on shares of Getty Images from $4.50 to $3.50 and set a "buy" rating for the company in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $4.35.

Insider Buying and Selling at Getty Images

In other Getty Images news, SVP Cho Mikael sold 18,590 shares of the business's stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of $2.12, for a total transaction of $39,410.80. Following the transaction, the senior vice president now owns 123,862 shares in the company, valued at $262,587.44. The trade was a 13.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CTO Nathaniel Gandert sold 15,859 shares of the company's stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of $2.12, for a total value of $33,621.08. Following the completion of the sale, the chief technology officer now directly owns 534,377 shares of the company's stock, valued at $1,132,879.24. The trade was a 2.88% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 226,668 shares of company stock valued at $480,536 over the last ninety days. Corporate insiders own 12.30% of the company's stock.

Institutional Trading of Getty Images

An institutional investor recently raised its position in Getty Images stock. AQR Capital Management LLC boosted its position in shares of Getty Images Holdings, Inc. (NYSE:GETY - Free Report) by 1,201.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 275,296 shares of the company's stock after purchasing an additional 254,146 shares during the period. AQR Capital Management LLC owned approximately 0.07% of Getty Images worth $476,000 at the end of the most recent reporting period. 45.75% of the stock is currently owned by institutional investors.

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.