Getty Images (NYSE:GETY) Trading Up 6.4% - Here's What Happened

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)'s stock price was up 6.4% during trading on Monday . The company traded as high as $2.07 and last traded at $2.08. Approximately 344,190 shares were traded 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 Analyst Weigh In

A number of equities research analysts have recently commented on GETY shares. Benchmark cut Getty Images from a "buy" rating to a "hold" rating and set a $3.50 target price on the stock. in a research report on Tuesday, August 12th. Citigroup restated a "neutral" rating and set a $1.85 target price (down from $2.05) on shares of Getty Images 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 report on Saturday, August 16th. Wedbush dropped their target price on Getty Images from $7.70 to $7.00 and set an "outperform" rating on the stock in a research report on Tuesday, August 12th. Finally, Zacks Research cut Getty Images from a "hold" rating to a "strong sell" rating in a report on Monday, September 8th. One research analyst has rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Getty Images currently has a consensus rating of "Reduce" and a consensus target price of $4.03.

Getty Images Trading Up 4.9%

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 company has a market capitalization of $848.29 million, a price-to-earnings ratio of -7.30 and a beta of 1.87. The company has a fifty day moving average of $1.82 and a 200-day moving average of $1.82.

Getty Images (NYSE:GETY - Get Free Report) last posted its quarterly earnings data on Monday, August 11th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate 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 analyst estimates of $234.77 million. During the same quarter in the previous year, the firm posted $0.01 earnings per share. The company'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, equities research analysts anticipate that Getty Images Holdings, Inc. will post 0.08 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Getty Images news, CEO Craig Warren Peters sold 33,262 shares of the firm's stock in a transaction that occurred on Wednesday, June 25th. The shares were sold at an average price of $1.77, for a total value of $58,873.74. Following the transaction, the chief executive officer directly owned 1,279,686 shares of the company's stock, valued at $2,265,044.22. This trade represents a 2.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last 90 days, insiders have sold 81,445 shares of company stock valued at $144,287. Company insiders own 11.20% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. BNP Paribas Financial Markets purchased a new position in Getty Images in the 4th quarter worth approximately $27,000. Ameriprise Financial Inc. purchased a new stake in shares of Getty Images during the 4th quarter valued at approximately $28,000. HHM Wealth Advisors LLC purchased a new stake in shares of Getty Images during the 1st quarter valued at approximately $29,000. Catalyst Funds Management Pty Ltd purchased a new stake in shares of Getty Images during the 2nd quarter valued at approximately $30,000. Finally, Cerity Partners LLC purchased a new stake in shares of Getty Images during the 2nd quarter valued at approximately $32,000. 45.75% of the stock is owned by hedge funds and other institutional investors.

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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