Getty Images (NYSE:GETY) Trading Down 4.1% - Here's Why

Key Points

• Getty Images' stock declined by 4.1% to $2.21 amid decreased trading volume, which was down 89% from its average session volume.
• Analysts have issued mixed ratings, with one upgrading it to "hold" and others downgrading it, leading to a consensus rating of "Reduce" and an average price target of $4.03.
• The company's earnings report revealed a loss of $0.08 per share, missing expectations, despite a year-over-year revenue increase of 2.5% to $234.88 million.

Getty Images Holdings, Inc. (NYSE:GETY - Get Free Report)'s share price traded down 4.1% on Monday . The company traded as low as $2.19 and last traded at $2.21. 156,044 shares were traded during trading, a decline of 89% from the average session volume of 1,472,650 shares. The stock had previously closed at $2.30.

Wall Street Analyst Weigh In

GETY has been the subject of several recent research reports. Benchmark lowered Getty Images from a "buy" rating to a "hold" rating and set a $3.50 price target for the company. in a research report on Tuesday, August 12th. Wall Street Zen upgraded Getty Images from a "sell" rating to a "hold" rating in a research note on Saturday, August 16th. Weiss Ratings reissued a "sell (d)" rating on shares of Getty Images in a research report on Saturday, September 27th. Wedbush lowered their price target on shares of Getty Images from $7.70 to $7.00 and set an "outperform" rating on the stock in a report on Tuesday, August 12th. Finally, Zacks Research lowered shares of Getty Images from a "hold" rating to a "strong sell" rating in a research note on Monday, September 8th. One equities research analyst has rated the stock with a Buy rating, three have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Reduce" and an average price target of $4.03.

Getty Images Stock Down 4.3%

The company's 50-day moving average is $1.89 and its 200 day moving average is $1.82. The stock has a market capitalization of $912.58 million, a PE ratio of -7.86 and a beta of 1.88. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 2.03.

Getty Images (NYSE:GETY - Get Free Report) last released its earnings results on Monday, August 11th. The company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.11). The company 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 firm's revenue for the quarter was up 2.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.01 EPS. Getty Images has set its FY 2025 guidance at EPS. As a group, analysts anticipate that Getty Images Holdings, Inc. will post 0.08 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Craig Warren Peters sold 32,950 shares of Getty Images stock in a transaction dated Wednesday, September 24th. The stock was sold at an average price of $2.03, for a total transaction of $66,888.50. Following the completion of the sale, the chief executive officer owned 1,246,736 shares of the company's stock, valued at $2,530,874.08. The trade was a 2.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Cho Mikael sold 31,078 shares of the stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $1.93, for a total transaction of $59,980.54. Following the completion of the transaction, the senior vice president owned 175,870 shares in the company, valued at approximately $339,429.10. This trade represents a 15.02% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 169,336 shares of company stock valued at $337,397 in the last 90 days. 11.20% of the stock is currently owned by company insiders.

Institutional Trading of Getty Images

Several large investors have recently made changes to their positions in the business. Vanguard Group Inc. raised its holdings in shares of Getty Images by 2.4% during the first quarter. Vanguard Group Inc. now owns 10,471,652 shares of the company's stock worth $18,116,000 after purchasing an additional 246,403 shares during the last quarter. Invenomic Capital Management LP acquired a new stake in Getty Images during the 1st quarter worth about $4,646,000. Nuveen LLC purchased a new position in shares of Getty Images during the 1st quarter valued at about $316,000. American Century Companies Inc. lifted its holdings in shares of Getty Images by 17.8% in the 1st quarter. American Century Companies Inc. now owns 136,431 shares of the company's stock valued at $236,000 after buying an additional 20,600 shares during the period. Finally, CWM LLC lifted its holdings in shares of Getty Images by 809.5% in the 1st quarter. CWM LLC now owns 19,708 shares of the company's stock valued at $34,000 after buying an additional 17,541 shares during the period. 45.75% of the stock is owned by hedge funds and other institutional investors.

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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