Getty Images (NYSE:GETY) Releases Quarterly Earnings Results, Misses Expectations By $0.05 EPS

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

Getty Images Trading Up 4.4 %

NYSE:GETY opened at $2.25 on Wednesday. The stock has a 50-day simple moving average of $2.44 and a 200-day simple moving average of $2.99. The stock has a market cap of $922.86 million, a P/E ratio of 18.71 and a beta of 1.97. Getty Images has a 1 year low of $1.90 and a 1 year high of $5.09. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.79 and a current ratio of 0.79.

Analyst Ratings Changes

GETY has been the topic of several research analyst reports. Macquarie reiterated a “neutral” rating and issued a $3.75 price objective on shares of Getty Images in a report on Wednesday, January 8th. Wedbush restated an “outperform” rating and set a $7.70 price target on shares of Getty Images in a report on Thursday, March 13th. JPMorgan Chase & Co. restated an “underweight” rating on shares of Getty Images in a report on Wednesday, December 18th. Finally, Benchmark cut their price target on Getty Images from $6.00 to $4.50 and set a “buy” rating on the stock in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Getty Images presently has an average rating of “Hold” and an average target price of $5.24.

Insider Transactions at Getty Images

In other Getty Images news, CEO Craig Warren Peters sold 32,753 shares of the stock in a transaction that occurred on Tuesday, December 24th. The stock was sold at an average price of $2.20, for a total transaction of $72,056.60. Following the completion of the sale, the chief executive officer now directly owns 1,212,648 shares of the company’s stock, valued at approximately $2,667,825.60. This trade represents a 2.63 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Jennifer Leyden sold 12,342 shares of the stock in a transaction that occurred on Tuesday, December 24th. The stock was sold at an average price of $2.20, for a total value of $27,152.40. Following the transaction, the chief financial officer now directly owns 261,034 shares of the company’s stock, valued at approximately $574,274.80. This trade represents a 4.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 70,521 shares of company stock valued at $155,146. 12.30% of the stock is currently owned by corporate insiders.

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.