Getty Images (NYSE:GETY) Trading Down 6.3% - What's Next?

Key Points

• Getty Images' share price fell by 6.3% to $2.01, with trading volume declining by 92% compared to its average.
• Analysts have mixed ratings for Getty Images, with a "neutral" rating from Citigroup and a lowered price target of $1.85, while Zacks Research upgraded it from "strong sell" to "hold."
• The company's recent earnings report showed a loss of $0.08 EPS, missing analyst expectations, despite a 2.5% year-over-year revenue increase.

Getty Images Holdings, Inc. (NYSE:GETY - Get Free Report)'s share price traded down 6.3% during trading on Monday . The company traded as low as $2.10 and last traded at $2.01. 117,896 shares changed hands during trading, a decline of 92% from the average session volume of 1,441,886 shares. The stock had previously closed at $2.14.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Citigroup reissued a "neutral" rating and set a $1.85 price objective (down from $2.05) on shares of Getty Images in a research note on Tuesday, August 12th. Benchmark lowered Getty Images from a "buy" rating to a "hold" rating and set a $3.50 price objective on the stock. in a research note on Tuesday, August 12th. Wall Street Zen raised shares of Getty Images from a "sell" rating to a "hold" rating in a research note on Saturday, August 16th. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Getty Images in a research report on Wednesday, October 8th. Finally, Zacks Research raised Getty Images from a "strong sell" rating to a "hold" rating in a research report on Wednesday, October 15th. One research analyst has rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Getty Images presently has an average rating of "Reduce" and an average target price of $4.03.

Getty Images Stock Down 6.3%

The company has a market cap of $831.69 million, a price-to-earnings ratio of -7.16 and a beta of 1.88. The stock has a 50-day simple moving average of $1.98 and a 200-day simple moving average of $1.84. 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 posted its quarterly earnings data 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 return on equity of 14.39% and a negative net margin of 12.19%.The firm had revenue of $234.88 million during the quarter, compared to the consensus estimate of $234.77 million. During the same period in the prior year, the firm posted $0.01 EPS. The firm's quarterly revenue was up 2.5% on a year-over-year basis. Getty Images has set its FY 2025 guidance at EPS. As a group, analysts predict that Getty Images Holdings, Inc. will post 0.08 EPS for the current year.

Insider Activity

In other news, SVP Cho Mikael sold 31,078 shares of the stock in a transaction on Friday, September 12th. The stock was sold at an average price of $1.93, for a total value of $59,980.54. Following the completion of the sale, the senior vice president owned 175,870 shares in the company, valued at $339,429.10. This represents a 15.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Craig Warren Peters sold 32,950 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 value of $66,888.50. Following 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 disclosure for this sale can be found here. In the last 90 days, insiders have sold 218,595 shares of company stock valued at $441,333. Insiders own 11.20% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. HHM Wealth Advisors LLC acquired a new position in shares of Getty Images during the 1st quarter valued at about $29,000. Catalyst Funds Management Pty Ltd acquired a new stake in shares of Getty Images in the second quarter valued at about $30,000. Cerity Partners LLC bought a new position in shares of Getty Images in the second quarter worth about $32,000. CWM LLC boosted its stake in Getty Images by 809.5% during the 1st quarter. CWM LLC now owns 19,708 shares of the company's stock valued at $34,000 after purchasing an additional 17,541 shares during the period. Finally, Ground Swell Capital LLC acquired a new stake in Getty Images in the 2nd quarter valued at approximately $47,000. Institutional investors own 45.75% of the company's stock.

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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