Getty Images (NYSE:GETY) Issues Quarterly Earnings Results

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

Getty Images Trading Up 5.6 %

GETY stock traded up $0.12 during midday trading on Monday, hitting $2.16. 2,855,514 shares of the company’s stock were exchanged, compared to its average volume of 1,086,739. The business has a 50-day simple moving average of $2.47 and a two-hundred day simple moving average of $3.01. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.84. The stock has a market capitalization of $885.87 million, a PE ratio of 17.96 and a beta of 1.97. Getty Images has a 1-year low of $1.90 and a 1-year high of $5.10.

Analyst Ratings Changes

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

Insiders Place Their Bets

In other news, CFO Jennifer Leyden sold 12,342 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 value of $27,152.40. Following the completion of the sale, the chief financial officer now directly owns 261,034 shares of the company’s stock, valued at approximately $574,274.80. The trade was a 4.51 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Craig Warren Peters sold 32,753 shares of the business’s stock in a transaction on Tuesday, December 24th. The stock was sold at an average price of $2.20, for a total value of $72,056.60. Following the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 70,521 shares of company stock valued at $155,146 over the last quarter. 12.30% of the stock is owned by insiders.

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.