What is Wedbush’s Forecast for Getty Images FY2024 Earnings?

Getty Images Holdings, Inc. (NYSE:GETY) – Analysts at Wedbush reduced their FY2024 EPS estimates for shares of Getty Images in a research note issued to investors on Friday, November 8th. Wedbush analyst M. Pachter now anticipates that the company will earn $0.07 per share for the year, down from their prior forecast of $0.10. The consensus estimate for Getty Images’ current full-year earnings is $0.09 per share.

Several other research analysts have also commented on GETY. Macquarie decreased their target price on Getty Images from $4.00 to $3.50 and set a “neutral” rating for the company in a research report on Monday, August 12th. Citigroup decreased their price objective on shares of Getty Images from $6.00 to $5.00 and set a “buy” rating for the company in a report on Tuesday, August 13th. Finally, Benchmark reissued a “buy” rating and set a $6.00 target price on shares of Getty Images in a report on Tuesday, August 13th.

Getty Images Trading Down 5.3 %

GETY opened at $3.39 on Monday. The stock has a market capitalization of $1.39 billion, a PE ratio of 29.83 and a beta of 2.02. The company has a debt-to-equity ratio of 1.92, a current ratio of 0.78 and a quick ratio of 0.78. Getty Images has a 12-month low of $2.88 and a 12-month high of $5.77. The firm’s fifty day moving average price is $3.77 and its 200 day moving average price is $3.63.

Hedge Funds Weigh In On Getty Images

Several hedge funds have recently made changes to their positions in the business. Charles Schwab Investment Management Inc. boosted its position in shares of Getty Images by 12.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 524,987 shares of the company’s stock valued at $2,000,000 after purchasing an additional 58,135 shares during the period. Bank of New York Mellon Corp acquired a new position in shares of Getty Images in the second quarter worth about $910,000. Ninety One UK Ltd purchased a new position in shares of Getty Images in the second quarter worth approximately $583,000. Rhumbline Advisers acquired a new stake in shares of Getty Images during the second quarter valued at approximately $392,000. Finally, The Manufacturers Life Insurance Company lifted its position in shares of Getty Images by 136.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 68,268 shares of the company’s stock valued at $223,000 after acquiring an additional 39,423 shares in the last quarter. Institutional investors and hedge funds own 45.75% of the company’s stock.

Insider Buying and Selling

In other news, CEO Craig Warren Peters sold 32,170 shares of the firm’s stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $3.61, for a total transaction of $116,133.70. Following the transaction, the chief executive officer now directly owns 1,245,401 shares of the company’s stock, valued at approximately $4,495,897.61. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Getty Images news, Director Chinh Chu sold 48,400 shares of the company’s stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $4.05, for a total value of $196,020.00. Following the completion of the sale, the director now directly owns 9,706,670 shares in the company, valued at $39,312,013.50. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Craig Warren Peters sold 32,170 shares of Getty Images stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $3.61, for a total value of $116,133.70. Following the transaction, the chief executive officer now owns 1,245,401 shares in the company, valued at approximately $4,495,897.61. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 169,427 shares of company stock valued at $652,130 in the last three months. 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.