Getty Images Holdings, Inc. (NYSE:GETY – Free Report) – Stock analysts at Wedbush decreased their FY2023 EPS estimates for Getty Images in a report released on Wednesday, November 15th. Wedbush analyst M. Pachter now expects that the company will post earnings per share of ($0.04) for the year, down from their previous forecast of $0.04. Wedbush currently has a “Outperform” rating and a $7.70 target price on the stock. The consensus estimate for Getty Images’ current full-year earnings is $0.05 per share.
A number of other equities research analysts have also weighed in on the stock. Redburn Atlantic lowered shares of Getty Images from a “buy” rating to a “neutral” rating and set a $6.00 price objective for the company. in a report on Tuesday, October 3rd. Macquarie reduced their price objective on shares of Getty Images from $7.00 to $5.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 16th. Citigroup reduced their target price on shares of Getty Images from $8.00 to $6.00 and set a “buy” rating on the stock in a research report on Tuesday, August 15th. Imperial Capital raised shares of Getty Images from an “in-line” rating to an “outperform” rating and set a $5.75 target price on the stock in a research report on Tuesday, August 15th. Finally, Benchmark cut their price objective on shares of Getty Images from $8.00 to $7.00 and set a “buy” rating on the stock in a research report on Wednesday. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $6.13.
Getty Images Price Performance
Shares of NYSE:GETY opened at $4.62 on Friday. The company has a 50 day moving average of $5.32 and a 200 day moving average of $5.14. The stock has a market cap of $1.84 billion, a P/E ratio of -42.00 and a beta of 2.20. Getty Images has a 12 month low of $3.42 and a 12 month high of $8.22. The company has a current ratio of 0.84, a quick ratio of 0.89 and a debt-to-equity ratio of 2.27.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently bought and sold shares of the company. Skandinaviska Enskilda Banken AB publ purchased a new stake in shares of Getty Images during the third quarter valued at $26,000. Tower Research Capital LLC TRC purchased a new stake in Getty Images in the third quarter worth about $28,000. UBS Group AG purchased a new stake in Getty Images in the first quarter worth about $28,000. Lazard Asset Management LLC purchased a new stake in Getty Images in the second quarter worth about $41,000. Finally, Delphia USA Inc. bought a new position in Getty Images in the first quarter worth about $64,000. 43.17% of the stock is owned by hedge funds and other institutional investors.
Insider Transactions at Getty Images
In related news, CEO Craig Warren Peters sold 47,450 shares of the stock in a transaction that occurred on Wednesday, September 20th. The shares were sold at an average price of $6.53, for a total value of $309,848.50. Following the completion of the sale, the chief executive officer now directly owns 1,074,935 shares of the company’s stock, valued at approximately $7,019,325.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Getty Images news, CEO Craig Warren Peters sold 47,450 shares of the stock in a transaction that occurred on Wednesday, September 20th. The shares were sold at an average price of $6.53, for a total transaction of $309,848.50. Following the completion of the sale, the chief executive officer now directly owns 1,074,935 shares of the company’s stock, valued at approximately $7,019,325.55. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Kenneth Arrigo Mainardis sold 23,249 shares of the business’s stock in a transaction on Tuesday, September 19th. The stock was sold at an average price of $6.83, for a total transaction of $158,790.67. Following the completion of the sale, the senior vice president now owns 228,384 shares in the company, valued at approximately $1,559,862.72. The disclosure for this sale can be found here. Insiders have sold 568,096 shares of company stock worth $3,560,134 in the last quarter. Company insiders own 13.00% of the company’s stock.
About Getty Images
Getty Images Holdings, Inc operates as a creator and distributor of award-winning still imagery, video, music, and multimedia products. The company provides other forms of premium digital content, including music. Its award-winning photographers and imagery help customers produce inspiring work which appears every day in the world's most influential newspapers, magazines, advertising campaigns, films, television programs, and books.
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