Insider Selling: Getty Images (NYSE:GETY) CFO Sells 6,212 Shares of Stock

Key Points

• Getty Images CFO Jennifer Leyden sold 6,212 shares at an average price of $2.03, totaling approximately $12,610.36, reducing her ownership by 2.09% to 290,589 shares.
• The company's recent quarterly earnings missed expectations, reporting an EPS of ($0.08) compared to a consensus estimate of $0.03, with revenue slightly increasing by 2.5% year-over-year.
• Several institutional investors have increased their stakes in Getty Images, with hedge funds now owning 45.75% of the company's stock.

Getty Images Holdings, Inc. (NYSE:GETY - Get Free Report) CFO Jennifer Leyden sold 6,212 shares of the stock in a transaction dated Wednesday, September 24th. The shares were sold at an average price of $2.03, for a total transaction of $12,610.36. Following the completion of the transaction, the chief financial officer directly owned 290,589 shares of the company's stock, valued at approximately $589,895.67. This trade represents a 2.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Getty Images Price Performance

Shares of GETY stock traded up $0.05 during trading hours on Friday, hitting $2.01. The company's stock had a trading volume of 480,238 shares, compared to its average volume of 1,504,379. The business has a fifty day moving average of $1.87 and a 200-day moving average of $1.83. The stock has a market cap of $833.77 million, a price-to-earnings 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 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 released its quarterly earnings results on Monday, August 11th. The company reported ($0.08) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.11). The business 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%. The firm's revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.01 earnings per share. 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 EPS for the current year.

Institutional Investors Weigh In On Getty Images

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GETY. Invenomic Capital Management LP purchased a new stake in Getty Images during the 1st quarter worth $4,646,000. Toronto Dominion Bank purchased a new stake in Getty Images during the 4th quarter worth $3,553,000. JPMorgan Chase & Co. increased its stake in Getty Images by 43.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,434,545 shares of the company's stock worth $4,041,000 after buying an additional 742,008 shares during the period. TIG Advisors LLC purchased a new stake in Getty Images during the 1st quarter worth $654,000. Finally, Jane Street Group LLC purchased a new stake in Getty Images during the 2nd quarter worth $534,000. Hedge funds and other institutional investors own 45.75% of the company's stock.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Zacks Research lowered shares of Getty Images from a "hold" rating to a "strong sell" rating in a research report on Monday, September 8th. Wedbush decreased their target price 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. Citigroup restated a "neutral" rating and set a $1.85 target price (down previously from $2.05) on shares of Getty Images in a research report on Tuesday, August 12th. Benchmark lowered shares of 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. Finally, Wall Street Zen upgraded shares of Getty Images from a "sell" rating to a "hold" rating in a research report on Saturday, August 16th. One analyst has rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Reduce" and a consensus price target of $4.03.

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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