Getty Images (NYSE:GETY) Cut to Strong Sell at Zacks Research

Zacks Research cut shares of Getty Images (NYSE:GETY) from a hold rating to a strong sell rating in a research report report published on Monday morning,Zacks.com reports.

GETY has been the topic of a number of other reports. Wall Street Zen upgraded shares of Getty Images from a “sell” rating to a “hold” rating in a research note on Saturday, August 16th. Citigroup reiterated a “neutral” rating and set a $1.85 price objective (down from $2.05) on shares of Getty Images in a research note on Tuesday, August 12th. Wedbush reduced their price objective on shares of Getty Images from $7.70 to $7.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 12th. Finally, Benchmark downgraded shares of Getty Images from a “buy” rating to a “hold” rating and set a $3.50 price objective on the stock. in a research note on Tuesday, August 12th. One equities research analyst has rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Reduce” and a consensus price target of $4.03.

Getty Images Price Performance

Shares of GETY stock opened at $1.86 on Monday. The company has a market capitalization of $769.47 million, a PE ratio of -6.63 and a beta of 1.87. The firm has a fifty day simple moving average of $1.81 and a 200-day simple moving average of $1.83. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 2.03. Getty Images has a twelve month low of $1.25 and a twelve month high of $4.49.

Getty Images (NYSE:GETY) last announced its earnings results on Monday, August 11th. The company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.11). The firm had revenue of $234.88 million during the quarter, compared to analysts’ expectations of $234.77 million. Getty Images had a negative net margin of 12.19% and a negative return on equity of 14.39%. Getty Images’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.01 earnings per share. Getty Images has set its FY 2025 guidance at EPS. Equities research analysts anticipate that Getty Images will post 0.08 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Craig Warren Peters sold 33,262 shares of the firm’s stock in a transaction dated Wednesday, June 25th. The shares were sold at an average price of $1.77, for a total value of $58,873.74. Following the transaction, the chief executive officer directly owned 1,279,686 shares in the company, valued at approximately $2,265,044.22. This trade represents a 2.53% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In the last 90 days, insiders have sold 80,010 shares of company stock valued at $141,618. Company insiders own 11.20% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Jane Street Group LLC bought a new position in shares of Getty Images in the 2nd quarter worth about $534,000. The Manufacturers Life Insurance Company lifted its position in shares of Getty Images by 16.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 49,458 shares of the company’s stock worth $82,000 after buying an additional 6,856 shares during the last quarter. Sei Investments Co. bought a new position in shares of Getty Images in the 2nd quarter worth about $141,000. Cerity Partners LLC bought a new position in shares of Getty Images in the 2nd quarter worth about $32,000. Finally, Invesco Ltd. lifted its position in shares of Getty Images by 32.3% in the 2nd quarter. Invesco Ltd. now owns 152,114 shares of the company’s stock worth $253,000 after buying an additional 37,161 shares during the last quarter. 45.75% of the stock is currently owned by institutional investors.

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.