Getty Images (NYSE:GETY) SVP Cho Mikael Sells 25,555 Shares

Key Points

• Cho Mikael, the Senior Vice President of Getty Images, sold 25,555 shares at an average price of $2.11, amounting to a total of approximately $53,921, which reduced his holdings by 16.29%.
• Getty Images reported earnings results with an EPS of (0.08), missing estimates of $0.03, while revenues were slightly up at $234.88 million for the quarter.
• The company's stock price fluctuated, trading down to $2.18, with a market capitalization of about $904.29 million and a P/E ratio of -7.79.

Getty Images Holdings, Inc. (NYSE:GETY - Get Free Report) SVP Cho Mikael sold 25,555 shares of the business's stock in a transaction dated Tuesday, October 14th. The stock was sold at an average price of $2.11, for a total value of $53,921.05. Following the completion of the transaction, the senior vice president owned 131,348 shares in the company, valued at approximately $277,144.28. This trade represents a 16.29% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Cho Mikael also recently made the following trade(s):

• On Tuesday, October 14th, Cho Mikael sold 23,704 shares of Getty Images stock. The stock was sold at an average price of $2.11, for a total value of $50,015.44.
• On Wednesday, September 24th, Cho Mikael sold 2,234 shares of Getty Images stock. The stock was sold at an average price of $2.03, for a total value of $4,535.02.
• On Wednesday, September 24th, Cho Mikael sold 4,573 shares of Getty Images stock. The shares were sold at an average price of $2.03, for a total value of $9,283.19.
• On Monday, September 15th, Cho Mikael sold 16,733 shares of Getty Images stock. The shares were sold at an average price of $2.02, for a total value of $33,800.66.
• On Monday, September 15th, Cho Mikael sold 14,491 shares of Getty Images stock. The shares were sold at an average price of $2.02, for a total value of $29,271.82.
• On Friday, September 12th, Cho Mikael sold 31,078 shares of Getty Images stock. The shares were sold at an average price of $1.93, for a total value of $59,980.54.
• On Friday, September 12th, Cho Mikael sold 26,913 shares of Getty Images stock. The shares were sold at an average price of $1.93, for a total value of $51,942.09.

Getty Images Stock Performance

Shares of NYSE:GETY traded down $0.18 during trading on Thursday, hitting $2.18. 1,348,950 shares of the company traded hands, compared to its average volume of 1,450,554. The stock has a market capitalization of $904.29 million, a price-to-earnings ratio of -7.79 and a beta of 1.88. The business's fifty day moving average is $1.96 and its 200-day moving average is $1.83. Getty Images Holdings, Inc. has a one year low of $1.25 and a one year high of $4.49. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 2.03.

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 analysts' consensus estimates of $0.03 by ($0.11). The business had revenue of $234.88 million for the quarter, compared to analyst estimates of $234.77 million. Getty Images had a negative net margin of 12.19% and a negative return on equity of 14.39%. Getty Images's revenue for the quarter was up 2.5% on a year-over-year basis. During the same period last year, the business posted $0.01 earnings per share. Getty Images has set its FY 2025 guidance at EPS. As a group, equities analysts predict that Getty Images Holdings, Inc. will post 0.08 earnings per share for the current fiscal year.

Institutional Trading of Getty Images

A number of hedge funds have recently modified their holdings of GETY. HHM Wealth Advisors LLC purchased a new stake in shares of Getty Images during the first quarter worth $29,000. Catalyst Funds Management Pty Ltd purchased a new stake in shares of Getty Images during the second quarter worth $30,000. Cerity Partners LLC purchased a new stake in shares of Getty Images during the second quarter worth $32,000. CWM LLC raised its holdings in shares of Getty Images by 809.5% during the first quarter. CWM LLC now owns 19,708 shares of the company's stock worth $34,000 after acquiring an additional 17,541 shares in the last quarter. Finally, Ground Swell Capital LLC purchased a new stake in shares of Getty Images during the second quarter worth $47,000. Hedge funds and other institutional investors own 45.75% of the company's stock.

Analyst Upgrades and Downgrades

GETY has been the subject of a number of research reports. Wedbush decreased their price target on Getty Images from $7.70 to $7.00 and set an "outperform" rating for the company in a research note on Tuesday, August 12th. Weiss Ratings reiterated a "sell (d)" rating on shares of Getty Images in a research report on Wednesday, October 8th. Zacks Research downgraded Getty Images from a "hold" rating to a "strong sell" rating in a research report on Monday, September 8th. Citigroup reiterated a "neutral" rating and set a $1.85 price objective (down previously from $2.05) on shares of Getty Images in a research report on Tuesday, August 12th. Finally, Wall Street Zen upgraded Getty Images from a "sell" rating to a "hold" rating in a research report on Saturday, August 16th. One research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, Getty Images presently has a consensus rating of "Reduce" and an average target price of $4.03.

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.

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