Grant Farhall Sells 8,268 Shares of Getty Images (NYSE:GETY) Stock

Key Points

• Grant Farhall, an insider at Getty Images, sold 8,268 shares at an average price of $2.03, reducing his ownership by 2.91% and leaving him with approximately 275,391 shares valued at $559,043.73.
• Getty Images' stock price recently increased by 2.6%, with the current trading price at $2.01, although the company reported a negative earnings per share of ($0.08) for the last quarter.
• Wall Street analysts have mixed ratings for Getty Images, with revisions including a downgrade from Zacks Research to a "strong sell" and a target price adjustment by Citigroup to $1.85.

Getty Images Holdings, Inc. (NYSE:GETY - Get Free Report) insider Grant Farhall sold 8,268 shares of Getty Images stock in a transaction that occurred on Wednesday, September 24th. The shares were sold at an average price of $2.03, for a total transaction of $16,784.04. Following the transaction, the insider directly owned 275,391 shares in the company, valued at approximately $559,043.73. The trade was a 2.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Getty Images Stock Up 2.6%

GETY traded up $0.05 during trading on Friday, hitting $2.01. The stock had a trading volume of 480,238 shares, compared to its average volume of 1,504,379. The company has a market capitalization of $833.77 million, a PE ratio of -7.18 and a beta of 1.87. Getty Images Holdings, Inc. has a twelve month low of $1.25 and a twelve month high of $4.49. The company has a debt-to-equity ratio of 2.03, a quick ratio of 0.70 and a current ratio of 0.70. The stock has a 50 day simple moving average of $1.87 and a two-hundred day simple moving average of $1.83.

Getty Images (NYSE:GETY - Get Free Report) last announced 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 firm had revenue of $234.88 million during the quarter, compared to analyst estimates of $234.77 million. Getty Images had a negative net margin of 12.19% and a negative return on equity of 14.39%. Getty Images's revenue was up 2.5% on a year-over-year basis. During the same quarter last year, the business earned $0.01 earnings per share. Getty Images has set its FY 2025 guidance at EPS. On average, research analysts predict that Getty Images Holdings, Inc. will post 0.08 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Wall Street Zen upgraded shares of Getty Images from a "sell" rating to a "hold" rating in a research note on Saturday, August 16th. Zacks Research downgraded shares of Getty Images from a "hold" rating to a "strong sell" rating in a research note on Monday, September 8th. Citigroup reiterated 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 downgraded shares of Getty Images from a "buy" rating to a "hold" rating and set a $3.50 price objective for the company. in a research note on Tuesday, August 12th. Finally, Wedbush lowered their price objective on shares of Getty Images from $7.70 to $7.00 and set an "outperform" rating for the company in a research note on Tuesday, August 12th. One investment analyst has rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Getty Images has a consensus rating of "Reduce" and an average target price of $4.03.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Jane Street Group LLC purchased a new position in Getty Images in the second quarter valued at $534,000. The Manufacturers Life Insurance Company increased its holdings in Getty Images by 16.1% in the second quarter. The Manufacturers Life Insurance Company now owns 49,458 shares of the company's stock valued at $82,000 after buying an additional 6,856 shares in the last quarter. Sei Investments Co. purchased a new position in Getty Images in the second quarter valued at $141,000. Cerity Partners LLC purchased a new stake in shares of Getty Images during the second quarter worth about $32,000. Finally, Invesco Ltd. increased its stake in shares of Getty Images by 32.3% during the second quarter. Invesco Ltd. now owns 152,114 shares of the company's stock worth $253,000 after purchasing an additional 37,161 shares in the last quarter. Hedge funds and other 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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