Getty Images (NYSE:GETY) Announces Quarterly Earnings Results

Getty Images (NYSE:GETY) announced its earnings results on Monday. The company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.02, Briefing.com reports. Getty Images had a return on equity of 6.42% and a net margin of 5.91%. The business had revenue of $247.30 million for the quarter, compared to analysts’ expectations of $245.50 million. Getty Images’s revenue was up 9.5% compared to the same quarter last year.

Getty Images Trading Up 5.6 %

Shares of Getty Images stock traded up $0.12 on Monday, reaching $2.16. The company had a trading volume of 2,855,514 shares, compared to its average volume of 1,086,739. The firm has a market cap of $885.87 million, a price-to-earnings ratio of 17.96 and a beta of 1.97. The company has a debt-to-equity ratio of 1.84, a current ratio of 0.79 and a quick ratio of 0.79. The firm’s 50-day moving average price is $2.47 and its two-hundred day moving average price is $3.01. Getty Images has a 1 year low of $1.90 and a 1 year high of $5.10.

Analyst Ratings Changes

Several brokerages recently issued reports on GETY. Benchmark reissued a “buy” rating and set a $6.00 target price on shares of Getty Images in a research note on Friday, January 10th. Wedbush reissued an “outperform” rating and set a $7.70 target price on shares of Getty Images in a research note on Thursday. JPMorgan Chase & Co. restated an “underweight” rating on shares of Getty Images in a report on Wednesday, December 18th. Finally, Macquarie restated a “neutral” rating and set a $3.75 price target on shares of Getty Images in a report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Getty Images presently has a consensus rating of “Hold” and a consensus price target of $5.61.

Insider Transactions at Getty Images

In other Getty Images news, CEO Craig Warren Peters sold 32,753 shares of Getty Images stock in a transaction on Tuesday, December 24th. The stock was sold at an average price of $2.20, for a total transaction of $72,056.60. Following the completion of the sale, the chief executive officer now directly owns 1,212,648 shares of the company’s stock, valued at $2,667,825.60. The trade was a 2.63 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Jennifer Leyden sold 12,342 shares of Getty Images stock in a transaction on Tuesday, December 24th. The shares were sold at an average price of $2.20, for a total value of $27,152.40. Following the sale, the chief financial officer now directly owns 261,034 shares of the company’s stock, valued at approximately $574,274.80. This trade represents a 4.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 70,521 shares of company stock worth $155,146. 12.30% of the stock is currently owned by company insiders.

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.