Getty Images (NYSE:GETY) Announces Quarterly Earnings Results

Getty Images (NYSE:GETY) announced its quarterly earnings data on Monday. The company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.05), Zacks reports. Getty Images had a return on equity of 6.42% and a net margin of 5.91%. The firm had revenue of $247.30 million during the quarter, compared to analysts’ expectations of $245.50 million. The business’s quarterly revenue was up 9.5% on a year-over-year basis. Getty Images updated its FY 2025 guidance to EPS.

Getty Images Stock Performance

Shares of NYSE GETY traded up $0.10 during midday trading on Tuesday, hitting $2.25. 2,743,034 shares of the company’s stock traded hands, compared to its average volume of 1,095,505. The firm has a fifty day moving average of $2.46 and a 200 day moving average of $3.00. Getty Images has a 1 year low of $1.90 and a 1 year high of $5.10. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.79 and a current ratio of 0.79. The stock has a market capitalization of $922.86 million, a price-to-earnings ratio of 18.71 and a beta of 1.97.

Analysts Set New Price Targets

Several equities research analysts recently commented on GETY shares. JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Getty Images in a report on Wednesday, December 18th. Benchmark reduced their price target on shares of Getty Images from $6.00 to $4.50 and set a “buy” rating for the company in a research note on Tuesday. Wedbush restated an “outperform” rating and set a $7.70 price objective on shares of Getty Images in a research report on Thursday, March 13th. Finally, Macquarie restated a “neutral” rating and issued a $3.75 target price on shares of Getty Images in a report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $5.24.

Insider Buying and Selling

In related 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 transaction of $27,152.40. Following the transaction, the chief financial officer now directly owns 261,034 shares in the company, valued at approximately $574,274.80. The trade was a 4.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Craig Warren Peters sold 32,753 shares of the business’s stock in a transaction dated Tuesday, December 24th. The shares were sold at an average price of $2.20, for a total value of $72,056.60. Following the sale, the chief executive officer now directly owns 1,212,648 shares of the company’s stock, valued at $2,667,825.60. This represents a 2.63 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 70,521 shares of company stock valued at $155,146. 12.30% of the stock is owned by 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.