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SEATTLE—Jennifer Leyden, Chief Financial Officer of Getty Images Holdings, Inc. (NYSE:GETY), recently sold a portion of her holdings in the company. The sale comes as Getty Images stock trades near its 52-week low of $1.90, having declined about 49% over the past six months. On March 25, Leyden disposed of 29,607 shares of Class A Common Stock, with the transactions executed at an average price of $2.12 per share. This sale amounted to a total value of approximately $62,766. According to InvestingPro analysis, the stock currently appears undervalued based on its Fair Value model.
Following this transaction, Leyden retains ownership of 278,072 shares in Getty Images, representing a stake in the company’s $792 million market capitalization. The sale was carried out to cover mandatory tax withholding obligations related to the vesting and settlement of restricted stock units and performance restricted stock units. These sales were executed under a Rule 10b5-1 trading plan, as per the instructions in award agreements dated March 16, 2023. InvestingPro subscribers can access 12 additional key insights about Getty Images, including detailed valuation metrics and growth forecasts.
The transactions were executed at prices ranging from $2.06 to $2.21, with the reported price reflecting the weighted average sale price. Leyden has committed to providing detailed information on the number of shares and specific prices upon request to the SEC, the issuer, or a security holder of the issuer. The stock currently trades at $1.92, with InvestingPro analysis indicating the RSI suggests oversold conditions.
In other recent news, Getty Images Holdings Inc. reported strong financial results for the fourth quarter of 2024, with revenue reaching $247.3 million, surpassing expectations of $245.49 million. The company’s adjusted EBITDA for the quarter rose by 11.7%, and its net leverage fell below 4x for the first time in over a decade. Meanwhile, Citi analysts resumed coverage of Getty Images, assigning a Neutral rating with a price target of $2.45, citing concerns over declining agency revenues and economic pressures. However, they noted potential benefits from an upcoming merger with Shutterstock (NYSE:SSTK), anticipated to yield significant cost savings and a strategic shift toward subscription models. Benchmark analysts adjusted their financial outlook for Getty Images, lowering the price target to $4.50 while maintaining a Buy rating, following a fourth-quarter revenue performance that exceeded their projections by 1%. They highlighted ongoing challenges in the Creative and Editorial segments, leading to a reduction in the 2025 revenue estimate. Additionally, JMP analysts maintained a positive outlook on Getty Realty Corp (NYSE:GTY)., reiterating a Market Outperform rating with a $34.00 price target, based on the company’s earnings growth and revenue diversification strategies. These recent developments reflect a dynamic period for Getty Images as it navigates financial performance, analyst evaluations, and strategic mergers.
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