Getty Images (NYSE:GETY) Rating Increased to Hold at Zacks Research

Getty Images (NYSE:GETY) was upgraded by research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued on Wednesday,Zacks.com reports.

Several other research firms have also recently weighed in on GETY. Benchmark cut shares of Getty Images from a “buy” rating to a “hold” rating and set a $3.50 target price for the company. in a research note on Tuesday, August 12th. Wall Street Zen upgraded shares of Getty Images from a “sell” rating to a “hold” rating in a research note on Saturday, August 16th. Wedbush reduced their target price 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. 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. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Getty Images in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus target price of $4.03.

Getty Images Stock Down 7.6%

NYSE GETY opened at $2.18 on Wednesday. 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 firm has a 50-day simple moving average of $1.97 and a 200 day simple moving average of $1.83. Getty Images has a twelve month low of $1.25 and a twelve month high of $4.49. The stock has a market cap of $904.29 million, a PE ratio of -7.79 and a beta of 1.88.

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). Getty Images had a negative net margin of 12.19% and a negative return on equity of 14.39%. The company had revenue of $234.88 million during the quarter, compared to the consensus estimate of $234.77 million. During the same quarter in the previous year, the business posted $0.01 EPS. The firm’s quarterly revenue was up 2.5% on a year-over-year basis. Getty Images has set its FY 2025 guidance at EPS. On average, research analysts forecast that Getty Images will post 0.08 EPS for the current year.

Insider Buying and Selling

In other news, SVP Cho Mikael sold 31,078 shares of Getty Images stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $1.93, for a total value of $59,980.54. Following the completion of the transaction, the senior vice president owned 175,870 shares in the company, valued at approximately $339,429.10. The trade was a 15.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Craig Warren Peters sold 32,950 shares of Getty Images stock in a transaction that occurred on Wednesday, September 24th. The shares were sold at an average price of $2.03, for a total transaction of $66,888.50. Following the completion of the transaction, the chief executive officer owned 1,246,736 shares of the company’s stock, valued at $2,530,874.08. This trade represents a 2.57% decrease in their position. The disclosure for this sale can be found here. Insiders sold 218,595 shares of company stock valued at $441,333 in the last quarter. 11.20% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. CWM LLC raised its position in Getty Images by 809.5% in the 1st quarter. CWM LLC now owns 19,708 shares of the company’s stock worth $34,000 after purchasing an additional 17,541 shares during the last quarter. Victory Capital Management Inc. raised its position in Getty Images by 139.1% in the 1st quarter. Victory Capital Management Inc. now owns 189,786 shares of the company’s stock worth $328,000 after purchasing an additional 110,402 shares during the last quarter. XTX Topco Ltd bought a new position in Getty Images in the 1st quarter worth approximately $78,000. HHM Wealth Advisors LLC bought a new position in Getty Images in the 1st quarter worth approximately $29,000. Finally, Vanguard Group Inc. raised its position in Getty Images by 2.4% in the 1st quarter. Vanguard Group Inc. now owns 10,471,652 shares of the company’s stock worth $18,116,000 after purchasing an additional 246,403 shares during the last quarter. 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.