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

Getty Images (NYSE:GETY) released its quarterly earnings results on Monday. The company reported $0.06 EPS for the quarter, beating the consensus estimate of $0.04 by $0.02, Briefing.com reports. Getty Images had a net margin of 5.91% and a return on equity of 6.42%. The firm had revenue of $247.30 million during the quarter, compared to the consensus estimate of $245.50 million. The business’s revenue for the quarter was up 9.5% on a year-over-year basis. Getty Images updated its FY 2025 guidance to EPS.

Getty Images Stock Performance

GETY traded up $0.12 during trading hours on Monday, hitting $2.16. 2,958,610 shares of the stock were exchanged, compared to its average volume of 1,086,932. The stock has a 50-day simple moving average of $2.47 and a 200-day simple moving average of $3.01. Getty Images has a 12 month low of $1.90 and a 12 month high of $5.10. The stock has a market cap of $885.87 million, a price-to-earnings ratio of 17.96 and a beta of 1.97. The company has a debt-to-equity ratio of 1.84, a current ratio of 0.79 and a quick ratio of 0.79.

Analyst Ratings Changes

Several brokerages have issued reports on GETY. Macquarie reissued a “neutral” rating and issued a $3.75 price objective on shares of Getty Images in a research note on Wednesday, January 8th. Benchmark reaffirmed a “buy” rating and set a $6.00 price target on shares of Getty Images in a research note on Friday, January 10th. Wedbush reaffirmed an “outperform” rating and set a $7.70 price target on shares of Getty Images in a research note on Thursday. Finally, JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of Getty Images in a research note on Wednesday, December 18th. One 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 stock. Based on data from MarketBeat.com, Getty Images has an average rating of “Hold” and an average price target of $5.61.

Insider Buying and Selling

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