Zacks Research Downgrades Getty Images (NYSE:GETY) to Strong Sell

Key Points

• Getty Images has been downgraded from a "hold" rating to a "strong sell" by Zacks Research, indicating a significant shift in analyst sentiment towards the company.
• The stock currently trades at approximately $1.88, with a consensus rating of "Reduce" and an average target price of $4.03.
• Despite a 2.5% increase in revenue year-over-year, Getty Images reported an earnings per share of ($0.08), missing analyst estimates by ($0.11).

Getty Images (NYSE:GETY - Get Free Report) was downgraded by analysts at Zacks Research from a "hold" rating to a "strong sell" rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Other research analysts have also recently issued reports about the stock. Wall Street Zen upgraded shares of Getty Images from a "sell" rating to a "hold" rating in a report on Saturday, August 16th. Wedbush reduced their target price on shares of Getty Images from $7.70 to $7.00 and set an "outperform" rating on the stock in a research report on Tuesday, August 12th. Benchmark lowered Getty Images from a "buy" rating to a "hold" rating and set a $3.50 price target for the company. in a report on Tuesday, August 12th. Finally, Citigroup restated a "neutral" rating and set a $1.85 price objective (down from $2.05) on shares of Getty Images in a report on Tuesday, August 12th. One investment analyst has rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Reduce" and an average target price of $4.03.

Getty Images Trading Down 0.8%

NYSE GETY traded down $0.02 during trading on Monday, hitting $1.95. The stock had a trading volume of 308,482 shares, compared to its average volume of 473,997. Getty Images has a one year low of $1.25 and a one year high of $4.49. The stock has a 50 day simple moving average of $1.82 and a 200 day simple moving average of $1.83. The stock has a market capitalization of $806.81 million, a price-to-earnings ratio of -6.95 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.

Getty Images (NYSE:GETY - Get Free Report) last released its earnings results on Monday, August 11th. The company reported ($0.08) EPS for the quarter, missing analysts' consensus estimates of $0.03 by ($0.11). Getty Images had a negative net margin of 12.19% and a negative return on equity of 14.39%. The business had revenue of $234.88 million for the quarter, compared to the consensus estimate of $234.77 million. During the same period in the prior year, the company posted $0.01 EPS. The company's quarterly revenue was up 2.5% compared to the same quarter last year. Getty Images has set its FY 2025 guidance at EPS. Sell-side analysts predict that Getty Images will post 0.08 earnings per share for the current year.

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 value of $58,873.74. Following the sale, the chief executive officer directly 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold 81,445 shares of company stock worth $144,287 over the last ninety days. Corporate insiders own 11.20% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. BNP Paribas Financial Markets purchased a new stake in Getty Images during the fourth quarter valued at approximately $27,000. Ameriprise Financial Inc. acquired a new position in shares of Getty Images during the fourth quarter worth $28,000. HHM Wealth Advisors LLC purchased a new stake in shares of Getty Images during the 1st quarter valued at $29,000. Catalyst Funds Management Pty Ltd acquired a new stake in shares of Getty Images in the 2nd quarter worth $30,000. Finally, Cerity Partners LLC purchased a new position in Getty Images during the 2nd quarter worth $32,000. 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.