Getty Images (NYSE:GETY) Shares Gap Down Following Insider Selling

Getty Images Holdings, Inc. (NYSE:GETY) shares gapped down prior to trading on Monday after an insider sold shares in the company. The stock had previously closed at $1.88, but opened at $1.76. Getty Images shares last traded at $1.7950, with a volume of 4,375,618 shares.

Specifically, major shareholder Neuberger Berman Group Llc sold 63,000 shares of the company’s stock in a transaction dated Wednesday, October 29th. The stock was sold at an average price of $2.08, for a total value of $131,040.00. Following the completion of the sale, the insider owned 74,112,262 shares of the company’s stock, valued at $154,153,504.96. This represents a 0.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Analyst Ratings Changes

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

Getty Images Trading Down 4.0%

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 business has a fifty day simple moving average of $2.02 and a 200 day simple moving average of $1.88. The company has a market cap of $748.73 million, a P/E ratio of -6.45 and a beta of 1.89.

Getty Images (NYSE:GETY) last released its earnings results on Monday, August 11th. The company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.11). Getty Images had a negative return on equity of 14.39% and a negative net margin of 12.19%.The firm had revenue of $234.88 million for the quarter, compared to the consensus estimate of $234.77 million. During the same period in the prior year, the business earned $0.01 EPS. The company’s quarterly revenue was up 2.5% on a year-over-year basis. Getty Images has set its FY 2025 guidance at EPS. Analysts anticipate that Getty Images Holdings, Inc. will post 0.08 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of GETY. State of Alaska Department of Revenue bought a new position in Getty Images during the 3rd quarter worth approximately $25,000. HHM Wealth Advisors LLC bought a new position in Getty Images during the 1st quarter worth approximately $29,000. Catalyst Funds Management Pty Ltd bought a new position in Getty Images during the 2nd quarter worth approximately $30,000. Cerity Partners LLC acquired a new stake in shares of Getty Images during the 2nd quarter worth approximately $32,000. Finally, Wealth Enhancement Advisory Services LLC raised its position in shares of 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 purchasing an additional 5,089 shares during the period. 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.