Getty Images (NYSE:GETY) Stock Price Down 3.9% – Here’s What Happened

Getty Images Holdings, Inc. (NYSE:GETY)’s share price dropped 3.9% during trading on Friday . The stock traded as low as $1.52 and last traded at $1.5190. Approximately 658,212 shares traded hands during trading, a decline of 68% from the average daily volume of 2,054,768 shares. The stock had previously closed at $1.58.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Wall Street Zen upgraded Getty Images from a “sell” rating to a “hold” rating in a research note on Saturday, August 16th. Benchmark downgraded Getty Images from a “buy” rating to a “hold” rating and set a $3.50 price objective for the company. in a research note on Tuesday, August 12th. Citigroup reaffirmed a “neutral” rating and set a $1.85 target price (down from $2.05) on shares of Getty Images in a research report on Tuesday, August 12th. Zacks Research raised shares of Getty Images from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 15th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Getty Images in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus price target of $4.03.

Getty Images Stock Performance

The company has a debt-to-equity ratio of 1.96, a current ratio of 0.71 and a quick ratio of 0.71. The company has a 50 day simple moving average of $1.90 and a 200-day simple moving average of $1.84. The stock has a market capitalization of $634.19 million, a P/E ratio of -6.93 and a beta of 1.89.

Getty Images (NYSE:GETY) last posted its quarterly earnings results on Monday, November 10th. The company reported $0.05 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.01. Getty Images had a negative return on equity of 11.38% and a negative net margin of 9.60%.The company had revenue of $240.04 million during the quarter, compared to the consensus estimate of $239.98 million. During the same quarter in the prior year, the company earned ($0.01) EPS. The firm’s quarterly revenue was down .2% compared to the same quarter last year. Getty Images has set its FY 2025 guidance at EPS. On average, equities analysts forecast that Getty Images Holdings, Inc. will post 0.08 EPS for the current year.

Insider Buying and Selling

In other Getty Images news, SVP Cho Mikael sold 31,078 shares of the business’s stock in a transaction on Friday, September 12th. The shares were sold at an average price of $1.93, for a total transaction of $59,980.54. Following the sale, the senior vice president owned 175,870 shares of the company’s stock, valued at $339,429.10. The trade was a 15.02% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Neuberger Berman Group Llc sold 3,470,917 shares of the stock in a transaction on Friday, October 31st. The stock was sold at an average price of $2.27, for a total value of $7,878,981.59. Following the sale, the insider owned 70,641,345 shares in the company, valued at approximately $160,355,853.15. This represents a 4.68% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 3,752,512 shares of company stock valued at $8,451,355. Company insiders own 11.20% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in GETY. State of Alaska Department of Revenue purchased a new stake in shares of Getty Images in the third quarter worth about $25,000. Wealth Enhancement Advisory Services LLC increased its holdings in Getty Images by 47.2% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 15,870 shares of the company’s stock worth $33,000 after acquiring an additional 5,089 shares during the period. Catalyst Funds Management Pty Ltd purchased a new stake in Getty Images in the 2nd quarter worth approximately $30,000. Cerity Partners LLC bought a new position in Getty Images in the 2nd quarter valued at $32,000. Finally, CWM LLC boosted its holdings in Getty Images by 809.5% in the 1st quarter. CWM LLC now owns 19,708 shares of the company’s stock valued at $34,000 after purchasing an additional 17,541 shares during the period. Hedge funds and other institutional investors 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.