Getty Images (NYSE:GETY) Announces Earnings Results, Beats Estimates By $0.02 EPS

Getty Images (NYSE:GETY) issued its quarterly earnings results on Monday. The company reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.02, Briefing.com reports. The firm had revenue of $247.30 million for the quarter, compared to analysts’ expectations of $245.50 million. Getty Images had a return on equity of 6.42% and a net margin of 5.91%. The company’s quarterly revenue was up 9.5% compared to the same quarter last year. Getty Images updated its FY 2025 guidance to EPS.

Getty Images Stock Up 5.6 %

Shares of Getty Images stock traded up $0.12 during trading on Monday, hitting $2.16. 2,958,610 shares of the stock traded hands, compared to its average volume of 1,086,932. The stock has a market cap of $885.87 million, a P/E ratio of 17.96 and a beta of 1.97. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.79 and a current ratio of 0.79. Getty Images has a twelve month low of $1.90 and a twelve month high of $5.10. The company has a fifty day moving average price of $2.47 and a two-hundred day moving average price of $3.01.

Insider Activity

In related news, CEO Craig Warren Peters sold 32,753 shares of the business’s 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 $72,056.60. Following the completion of the sale, the chief executive officer now directly owns 1,212,648 shares in the company, valued at approximately $2,667,825.60. The trade was a 2.63 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Jennifer Leyden sold 12,342 shares of the business’s 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 completion of the sale, the chief financial officer now 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. Insiders sold a total of 70,521 shares of company stock worth $155,146 in the last three months. 12.30% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on GETY shares. JPMorgan Chase & Co. reissued an “underweight” rating on shares of Getty Images in a research note on Wednesday, December 18th. Benchmark reissued a “buy” rating and issued a $6.00 price target on shares of Getty Images in a research note on Friday, January 10th. Macquarie reissued a “neutral” rating and issued a $3.75 price target on shares of Getty Images in a research note on Wednesday, January 8th. Finally, Wedbush restated an “outperform” rating and set a $7.70 price objective on shares of Getty Images in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Getty Images presently has a consensus rating of “Hold” and an average price target of $5.61.

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.