Getty Images (NYSE:GETY) Trading Up 9.7% - Still a Buy?

Key Points

• Getty Images Holdings, Inc. (NYSE:GETY) experienced a 9.7% increase in stock price, trading at $2.39, despite a significant decline in volume, with approximately 585,735 shares traded.
• Recent analyses show stock ratings for Getty Images vary, with one analyst upgrading it to a "hold", while others set target prices ranging from $1.85 to $7.00.
• The company's quarterly earnings report revealed a loss of ($0.08) earnings per share, missing expectations, although revenue increased by 2.5% compared to the same period last year.

Getty Images Holdings, Inc. (NYSE:GETY - Get Free Report) was up 9.7% on Wednesday . The company traded as high as $2.38 and last traded at $2.39. Approximately 585,735 shares were traded during trading, a decline of 60% from the average daily volume of 1,449,189 shares. The stock had previously closed at $2.18.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on GETY shares. Wall Street Zen upgraded shares of Getty Images from a "sell" rating to a "hold" rating in a research report on Saturday, August 16th. Wedbush dropped their price target on shares of Getty Images from $7.70 to $7.00 and set an "outperform" rating on the stock in a research report on Tuesday, August 12th. Benchmark cut shares of Getty Images from a "buy" rating to a "hold" rating and set a $3.50 price target on the stock. in a research report on Tuesday, August 12th. Citigroup reiterated a "neutral" rating and issued a $1.85 price target (down from $2.05) on shares of Getty Images in a research report on Tuesday, August 12th. Finally, Weiss Ratings reiterated a "sell (d)" rating on shares of Getty Images in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and three have assigned a Sell rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Reduce" and a consensus target price of $4.03.

Getty Images Price Performance

The stock has a 50 day moving average of $1.95 and a two-hundred day moving average of $1.83. The stock has a market cap of $988.49 million, a PE ratio of -8.51 and a beta of 1.88. The company has a debt-to-equity ratio of 2.03, a quick ratio of 0.70 and a current 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 for the quarter, missing analysts' consensus estimates of $0.03 by ($0.11). The company had revenue of $234.88 million during 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 company's revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.01 EPS. Getty Images has set its FY 2025 guidance at EPS. Equities analysts anticipate that Getty Images Holdings, Inc. will post 0.08 EPS for the current year.

Insider Activity

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

Hedge Funds Weigh In On Getty Images

Institutional investors and hedge funds have recently bought and sold shares of the business. HHM Wealth Advisors LLC purchased a new position in Getty Images during the 1st quarter valued at about $29,000. Catalyst Funds Management Pty Ltd bought a new position in Getty Images during the second quarter valued at approximately $30,000. Cerity Partners LLC bought a new position in Getty Images during the second quarter valued at approximately $32,000. CWM LLC raised its position in Getty Images by 809.5% during the first quarter. CWM LLC now owns 19,708 shares of the company's stock valued at $34,000 after acquiring an additional 17,541 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its position in Getty Images by 282.3% during the first quarter. Russell Investments Group Ltd. now owns 27,689 shares of the company's stock valued at $48,000 after acquiring an additional 20,447 shares in the last quarter. Hedge funds and other institutional investors own 45.75% of the company's stock.

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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