Getty Images (NYSE:GETY) Shares Gap Down After Earnings Miss

Getty Images Holdings, Inc. (NYSE:GETY - Get Free Report) gapped down prior to trading on Tuesday after the company announced weaker than expected quarterly earnings. The stock had previously closed at $2.01, but opened at $1.87. Getty Images shares last traded at $1.78, with a volume of 142,171 shares trading hands.

The company reported ($0.14) earnings per share for the quarter, missing analysts' consensus estimates of $0.03 by ($0.17). Getty Images had a net margin of 5.91% and a return on equity of 6.42%. The business had revenue of $224.08 million during the quarter, compared to analyst estimates of $236.01 million. During the same quarter in the previous year, the firm posted $0.03 earnings per share. The firm's quarterly revenue was up .8% on a year-over-year basis.

Analyst Upgrades and Downgrades

GETY has been the subject of a number of analyst reports. Wedbush reiterated an "outperform" rating and issued a $7.70 price target on shares of Getty Images in a research report on Tuesday, May 6th. Benchmark dropped their price target on shares of Getty Images from $4.50 to $3.50 and set a "buy" rating for the company in a research report on Tuesday. Finally, Citigroup restated a "neutral" rating and set a $2.45 price objective on shares of Getty Images in a research report on Monday, March 24th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, Getty Images presently has an average rating of "Hold" and an average price target of $4.35.

Insider Buying and Selling at Getty Images

In other Getty Images news, CEO Craig Warren Peters sold 124,624 shares of the business's stock in a transaction on Tuesday, March 25th. The shares were sold at an average price of $2.12, for a total transaction of $264,202.88. Following the sale, the chief executive officer now owns 1,262,948 shares of the company's stock, valued at approximately $2,677,449.76. The trade was a 8.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Cho Mikael sold 18,590 shares of the business's stock in a transaction on Tuesday, March 25th. The stock was sold at an average price of $2.12, for a total transaction of $39,410.80. Following the sale, the senior vice president now directly owns 123,862 shares in the company, valued at approximately $262,587.44. The trade was a 13.05% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 226,668 shares of company stock worth $480,536 over the last three months. Corporate insiders own 12.30% of the company's stock.

Institutional Trading of Getty Images

Hedge funds and other institutional investors have recently modified their holdings of the stock. BNP Paribas Financial Markets bought a new stake in shares of Getty Images during the fourth quarter worth $27,000. Aristeia Capital L.L.C. acquired a new stake in Getty Images in the fourth quarter valued at $28,000. Ameriprise Financial Inc. acquired a new stake in Getty Images in the fourth quarter valued at $28,000. HHM Wealth Advisors LLC acquired a new stake in Getty Images in the first quarter valued at $29,000. Finally, Oxford Asset Management LLP acquired a new stake in Getty Images in the fourth quarter valued at $33,000. Institutional investors own 45.75% of the company's stock.

Getty Images Stock Up 2.6%

The firm has a market capitalization of $746.22 million, a price-to-earnings ratio of 15.04 and a beta of 1.98. The stock has a fifty day moving average of $1.84 and a two-hundred day moving average of $2.41. The company has a debt-to-equity ratio of 1.84, a current ratio of 0.79 and a quick ratio of 0.79.

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.