Brokerages Set Getty Images Holdings, Inc. (NYSE:GETY) PT at $4.03

Shares of Getty Images Holdings, Inc. (NYSE:GETY) have been given a consensus rating of “Reduce” by the seven research firms that are currently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, four have given a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $4.0250.

GETY has been the topic of several research reports. Citigroup restated a “neutral” rating and issued a $1.85 target price (down previously from $2.05) on shares of Getty Images in a research report on Tuesday, August 12th. Zacks Research raised Getty Images from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 15th. Benchmark cut Getty Images from a “buy” rating to a “hold” rating and set a $3.50 price target for the company. in a report on Tuesday, August 12th. Wedbush cut their price target on Getty Images from $7.70 to $7.00 and set an “outperform” rating for the company in a report on Tuesday, August 12th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Getty Images in a report on Wednesday, October 8th.

Getty Images Stock Performance

NYSE GETY opened at $2.16 on Friday. The company has a market cap of $893.92 million, a PE ratio of -7.70 and a beta of 1.88. The stock’s 50 day simple moving average is $2.00 and its 200-day simple moving average is $1.85. Getty Images has a 1-year low of $1.25 and a 1-year high of $4.49. 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) 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 firm had revenue of $234.88 million during the quarter, compared to analysts’ expectations of $234.77 million. Getty Images had a negative net margin of 12.19% and a negative return on equity of 14.39%. The business’s revenue was up 2.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.01 EPS. Getty Images has set its FY 2025 guidance at EPS. As a group, equities research analysts anticipate that Getty Images will post 0.08 EPS for the current fiscal year.

Insider Activity at Getty Images

In related news, SVP Cho Mikael sold 25,555 shares of the stock in a transaction that occurred on Tuesday, October 14th. The stock was sold at an average price of $2.11, for a total value of $53,921.05. Following the completion of the sale, the senior vice president owned 131,348 shares of the company’s stock, valued at approximately $277,144.28. This trade represents a 16.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Craig Warren Peters sold 32,950 shares of the stock in a transaction that occurred on Wednesday, September 24th. The shares were sold at an average price of $2.03, for a total value of $66,888.50. Following the completion of the sale, the chief executive officer directly owned 1,246,736 shares of the company’s stock, valued at approximately $2,530,874.08. This represents a 2.57% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 218,595 shares of company stock valued at $441,333. Insiders own 11.20% of the company’s stock.

Institutional Investors Weigh In On Getty Images

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in Getty Images by 2.4% during the first quarter. Vanguard Group Inc. now owns 10,471,652 shares of the company’s stock worth $18,116,000 after acquiring an additional 246,403 shares during the last quarter. Invenomic Capital Management LP acquired a new stake in Getty Images during the first quarter worth $4,646,000. JPMorgan Chase & Co. increased its stake in Getty Images by 43.8% during the second quarter. JPMorgan Chase & Co. now owns 2,434,545 shares of the company’s stock worth $4,041,000 after acquiring an additional 742,008 shares during the last quarter. Geode Capital Management LLC increased its stake in Getty Images by 14.0% during the second quarter. Geode Capital Management LLC now owns 1,866,490 shares of the company’s stock worth $3,099,000 after acquiring an additional 228,532 shares during the last quarter. Finally, TIG Advisors LLC acquired a new stake in Getty Images during the first quarter worth $654,000. Institutional investors and hedge funds 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.