Getty Images (NYSE:GETY) Upgraded to Hold at Wall Street Zen

Key Points

• Getty Images has been upgraded from a "sell" to a "hold" rating by Wall Street Zen, reflecting a more optimistic outlook from analysts.
• Despite the upgrade, Wedbush and Benchmark have both cut their price targets for Getty Images to $7.00 and $3.50, respectively, indicating some caution among investors.
• The company reported a quarterly loss of ($0.08) EPS, which was significantly lower than analysts' expectations, despite a revenue increase of 2.5% year-over-year.

Wall Street Zen upgraded shares of Getty Images (NYSE:GETY - Free Report) from a sell rating to a hold rating in a research report report published on Saturday morning.

Several other brokerages have also commented on GETY. Citigroup restated a "neutral" rating and set a $1.85 price target (down previously from $2.05) on shares of Getty Images in a research note on Tuesday, August 12th. Zacks Research upgraded Getty Images to a "hold" rating in a research note on Friday, August 8th. Benchmark lowered Getty Images from a "buy" rating to a "hold" rating and set a $3.50 price target on the stock. in a research note on Tuesday, August 12th. Finally, Wedbush dropped their price target on Getty Images from $7.70 to $7.00 and set an "outperform" rating on the stock in a research note on Tuesday, August 12th. One equities research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $4.03.

Getty Images Trading Down 3.4%

Shares of NYSE:GETY traded down $0.0650 on Friday, hitting $1.8650. 326,696 shares of the company's stock were exchanged, compared to its average volume of 1,673,519. Getty Images has a 12 month low of $1.25 and a 12 month high of $4.4850. The stock has a market capitalization of $773.62 million, a price-to-earnings ratio of -6.66 and a beta of 1.87. The business's 50 day simple moving average is $1.78 and its two-hundred day simple moving average is $1.91. The company has a debt-to-equity ratio of 2.03, a current ratio of 0.70 and a quick ratio of 0.70.

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

Insider Transactions at Getty Images

In related news, CEO Craig Warren Peters sold 33,262 shares of Getty Images stock in a transaction on 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 transaction, the chief executive officer directly owned 1,279,686 shares of the company's stock, valued at approximately $2,265,044.22. The trade was a 2.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders sold 80,010 shares of company stock worth $141,618 over the last ninety days. Insiders own 11.20% of the company's stock.

Institutional Investors Weigh In On Getty Images

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. BNP Paribas Financial Markets purchased a new stake in shares of Getty Images during the 4th quarter worth about $27,000. Aristeia Capital L.L.C. purchased a new stake in shares of Getty Images during the 4th quarter worth about $28,000. Ameriprise Financial Inc. purchased a new stake in shares of Getty Images during the 4th quarter worth about $28,000. HHM Wealth Advisors LLC acquired a new position in Getty Images during the 1st quarter worth approximately $29,000. Finally, Catalyst Funds Management Pty Ltd acquired a new position in Getty Images during the 2nd quarter worth approximately $30,000. 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.