Getty Images (NYSE:GETY) Trading 6.4% Higher - Time to Buy?

Key Points

• Getty Images' stock price increased by 6.4% during trading, reaching a last price of $2.08, despite a significant drop in trading volume by 78% compared to its daily average.
• Analysts have mixed views on Getty Images, with one upgrading the stock to a "hold" while others have set target prices ranging from $1.85 to $7.00, reflecting uncertainty in its performance.
• Getty Images reported a quarterly earnings miss with a loss of ($0.08) EPS, falling short of the expected $0.03 EPS, despite a 2.5% year-over-year revenue increase.

Getty Images Holdings, Inc. (NYSE:GETY - Get Free Report) shares rose 6.4% on Monday . The company traded as high as $2.07 and last traded at $2.08. Approximately 344,190 shares changed hands during trading, a decline of 78% from the average daily volume of 1,548,193 shares. The stock had previously closed at $1.95.

Wall Street Analysts Forecast Growth

GETY has been the subject of a number of recent analyst reports. Citigroup reaffirmed a "neutral" rating and set a $1.85 price target (down from $2.05) on shares of Getty Images in a report on Tuesday, August 12th. Wall Street Zen raised shares of Getty Images from a "sell" rating to a "hold" rating in a report on Saturday, August 16th. Zacks Research lowered shares of Getty Images from a "hold" rating to a "strong sell" rating in a report on Monday, September 8th. Wedbush lowered their price target on shares of Getty Images from $7.70 to $7.00 and set an "outperform" rating for the company in a report on Tuesday, August 12th. Finally, Benchmark lowered shares of Getty Images from a "buy" rating to a "hold" rating and set a $3.50 price target for the company. in a report on Tuesday, August 12th. One investment analyst has rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Getty Images has an average rating of "Reduce" and an average target price of $4.03.

Getty Images Stock Up 1.0%

The stock's 50 day simple moving average is $1.84 and its 200 day simple moving average is $1.83. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 2.03. The stock has a market capitalization of $854.51 million, a P/E ratio of -7.36 and a beta of 1.87.

Getty Images (NYSE:GETY - Get Free Report) last posted 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). Getty Images had a negative return on equity of 14.39% and a negative net margin of 12.19%.The business had revenue of $234.88 million during the quarter, compared to the consensus estimate of $234.77 million. During the same quarter in the previous year, the business posted $0.01 earnings per share. The company's quarterly revenue was up 2.5% compared to the same quarter last year. Getty Images has set its FY 2025 guidance at EPS. As a group, research analysts predict that Getty Images Holdings, Inc. will post 0.08 EPS for the current fiscal year.

Insider Transactions at Getty Images

In other news, SVP Cho Mikael sold 31,078 shares of the firm's stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $1.93, for a total value of $59,980.54. Following the transaction, the senior vice president directly owned 175,870 shares in the company, valued at approximately $339,429.10. This trade represents a 15.02% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Craig Warren Peters sold 33,262 shares of the stock in a transaction dated Wednesday, June 25th. The stock was sold at an average price of $1.77, for a total transaction of $58,873.74. Following the completion of the sale, the chief executive officer directly owned 1,279,686 shares in the company, valued at approximately $2,265,044.22. This trade represents a 2.53% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 170,660 shares of company stock worth $319,282. Insiders own 11.20% of the company's stock.

Institutional Trading of Getty Images

A number of large investors have recently modified their holdings of GETY. BNP Paribas Financial Markets acquired a new stake in shares of Getty Images in the 4th quarter worth about $27,000. Ameriprise Financial Inc. acquired a new stake in shares of Getty Images in the 4th quarter worth about $28,000. HHM Wealth Advisors LLC acquired a new position in Getty Images during the 1st quarter valued at about $29,000. Catalyst Funds Management Pty Ltd acquired a new position in Getty Images during the 2nd quarter valued at about $30,000. Finally, Cerity Partners LLC acquired a new position in Getty Images during the 2nd quarter valued at about $32,000. Institutional investors and hedge funds 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.