FY2023 EPS Estimates for Getty Images Holdings, Inc. (NYSE:GETY) Decreased by Analyst

Getty Images Holdings, Inc. (NYSE:GETY – Get Rating) – Stock analysts at Wedbush cut their FY2023 earnings per share (EPS) estimates for shares of Getty Images in a research report issued to clients and investors on Tuesday, March 14th. Wedbush analyst M. Pachter now forecasts that the company will post earnings of $0.18 per share for the year, down from their previous forecast of $0.32. Wedbush has a “Outperform” rating and a $6.00 price target on the stock. The consensus estimate for Getty Images’ current full-year earnings is $0.32 per share.

Getty Images (NYSE:GETY – Get Rating) last released its quarterly earnings results on Monday, March 13th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.16). The company had revenue of $231.47 million during the quarter, compared to analyst estimates of $242.00 million.

Other analysts also recently issued reports about the company. The Goldman Sachs Group reduced their price target on Getty Images from $7.00 to $6.00 and set a “neutral” rating for the company in a research note on Wednesday. Redburn Partners upgraded Getty Images from a “neutral” rating to a “buy” rating and cut their target price for the company from $9.90 to $5.70 in a research report on Wednesday, November 23rd. Finally, Benchmark cut their target price on Getty Images from $9.00 to $7.00 in a research report on Tuesday. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $6.83.

Getty Images Price Performance

GETY opened at $4.90 on Thursday. The business has a fifty day simple moving average of $5.85 and a 200 day simple moving average of $6.73. Getty Images has a 1 year low of $4.51 and a 1 year high of $37.88. The company has a debt-to-equity ratio of 2.52, a quick ratio of 0.74 and a current ratio of 0.74.

Insider Transactions at Getty Images

In other news, major shareholder Neuberger Berman Group Llc sold 73,555 shares of the business’s stock in a transaction on Tuesday, February 7th. The stock was sold at an average price of $7.89, for a total transaction of $580,348.95. Following the completion of the transaction, the insider now owns 64,523,168 shares of the company’s stock, valued at approximately $509,087,795.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.11% of the stock is owned by insiders.

Hedge Funds Weigh In On Getty Images

Institutional investors have recently modified their holdings of the business. Tower Research Capital LLC TRC acquired a new position in shares of Getty Images during the 3rd quarter worth $28,000. State Street Corp acquired a new position in Getty Images in the 3rd quarter worth about $73,000. Ergoteles LLC acquired a new position in Getty Images in the 3rd quarter worth about $80,000. Victory Capital Management Inc. acquired a new position in Getty Images in the 3rd quarter worth about $96,000. Finally, Verition Fund Management LLC acquired a new position in Getty Images in the 3rd quarter worth about $110,000.

About Getty Images

(Get Rating)

Getty Images Holdings, Inc operates as a visual content creator and marketplace in the United States and internationally. It maintains privately-owned photographic archives covering approximately 160,000 news, sport, and entertainment events, as well as variety of subjects, including lifestyle, business, science, health and beauty, sports, transportation, and travel under the Getty Images, iStock, and Unsplash brands.