Getty Images (NYSE:GETY) Stock Rating Upgraded by 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 report issued on Saturday.

Other analysts have also issued reports about the stock. Wedbush reduced 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. Benchmark lowered 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. Citigroup restated 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. Finally, Zacks Research upgraded shares of Getty Images to a "hold" rating in a research note on Friday, August 8th. One analyst has rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Getty Images presently has a consensus rating of "Hold" and a consensus target price of $4.03.

Getty Images Stock Down 0.3%

Shares of Getty Images stock traded down $0.0050 during trading on Friday, hitting $1.8350. The company's stock had a trading volume of 438,198 shares, compared to its average volume of 835,294. 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 company has a fifty day simple moving average of $1.78 and a two-hundred day simple moving average of $1.91. The company has a market capitalization of $761.18 million, a PE ratio of -6.55 and a beta of 1.87. Getty Images has a 52 week low of $1.25 and a 52 week high of $4.4850.

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 (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 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 was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.01 earnings per share. Getty Images has set its FY 2025 guidance at EPS. Equities research analysts predict that Getty Images will post 0.08 earnings per share for the current year.

Insider Activity

In other news, CEO Craig Warren Peters sold 33,262 shares of the firm's stock in a transaction dated Wednesday, June 25th. The shares were sold at an average price of $1.77, for a total transaction of $58,873.74. Following the sale, the chief executive officer 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 sale was disclosed in a legal filing with the SEC, which is available through this link. Over the last quarter, insiders have sold 80,010 shares of company stock worth $141,618. Company insiders own 11.20% of the company's stock.

Institutional Trading of Getty Images

A number of institutional investors have recently made changes to their positions in GETY. JPMorgan Chase & Co. boosted its holdings in shares of Getty Images by 25.4% during the 4th quarter. JPMorgan Chase & Co. now owns 46,590 shares of the company's stock valued at $101,000 after acquiring an additional 9,434 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Getty Images by 0.7% in the fourth quarter. Geode Capital Management LLC now owns 1,675,635 shares of the company's stock worth $3,620,000 after buying an additional 11,680 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in shares of Getty Images by 47.8% in the fourth quarter. Wells Fargo & Company MN now owns 49,378 shares of the company's stock worth $107,000 after buying an additional 15,978 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Getty Images by 16.7% in the fourth quarter. Renaissance Technologies LLC now owns 111,600 shares of the company's stock worth $241,000 after buying an additional 16,000 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Getty Images by 24.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 64,007 shares of the company's stock worth $138,000 after buying an additional 12,542 shares during 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.