Getty Images (NYSE:GETY) SVP Sells $11,806.48 in Stock

Key Points

• Getty Images SVP Kenneth Arrigo Mainardis sold 5,816 shares for $11,806.48, reducing his ownership stake by 2.67% to 211,899 shares valued at approximately $430,154.97.
• The company's stock price increased by 2.6% to $2.01 following an average trading volume of 480,238 shares, despite a 12-month trading range between $1.25 and $4.49.
• Getty Images reported a loss of $0.08 EPS in its latest earnings, missing analyst estimates, despite achieving $234.88 million in revenue for the quarter.

Getty Images Holdings, Inc. (NYSE:GETY - Get Free Report) SVP Kenneth Arrigo Mainardis sold 5,816 shares of the firm's stock in a transaction dated Wednesday, September 24th. The stock was sold at an average price of $2.03, for a total transaction of $11,806.48. Following the completion of the transaction, the senior vice president directly owned 211,899 shares in the company, valued at $430,154.97. This represents a 2.67% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Getty Images Stock Up 2.6%

Shares of GETY stock traded up $0.05 during mid-day trading on Friday, hitting $2.01. The stock had a trading volume of 480,238 shares, compared to its average volume of 1,504,379. Getty Images Holdings, Inc. has a 12-month low of $1.25 and a 12-month high of $4.49. The firm has a market capitalization of $833.77 million, a P/E ratio of -7.18 and a beta of 1.87. The firm's 50-day moving average is $1.87 and its two-hundred day moving average is $1.83. The company has a debt-to-equity ratio of 2.03, a current ratio of 0.70 and a quick ratio of 0.70.

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

Hedge Funds Weigh In On Getty Images

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company boosted its stake in shares of Getty Images by 16.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 49,458 shares of the company's stock worth $82,000 after acquiring an additional 6,856 shares in the last quarter. ProShare Advisors LLC lifted its stake in Getty Images by 49.0% in the 4th quarter. ProShare Advisors LLC now owns 28,255 shares of the company's stock valued at $61,000 after buying an additional 9,297 shares in the last quarter. Intech Investment Management LLC lifted its stake in Getty Images by 19.3% in the 2nd quarter. Intech Investment Management LLC now owns 68,843 shares of the company's stock valued at $114,000 after buying an additional 11,121 shares in the last quarter. BNP Paribas Financial Markets purchased a new stake in Getty Images in the 4th quarter valued at approximately $27,000. Finally, Ameriprise Financial Inc. purchased a new position in shares of Getty Images during the 4th quarter worth $28,000. Institutional investors and hedge funds own 45.75% of the company's stock.

Analyst Ratings Changes

GETY has been the subject of several recent analyst reports. Wedbush cut their target price 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. Zacks Research cut Getty Images from a "hold" rating to a "strong sell" rating in a research note on Monday, September 8th. Benchmark cut Getty Images from a "buy" rating to a "hold" rating and set a $3.50 target price for the company. in a research note on Tuesday, August 12th. Wall Street Zen upgraded Getty Images from a "sell" rating to a "hold" rating in a report on Saturday, August 16th. Finally, Citigroup reiterated a "neutral" rating and issued a $1.85 target price (down from $2.05) on shares of Getty Images 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 issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Getty Images currently has an average rating of "Reduce" and an average price target of $4.03.

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.

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