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Gene Foca, Chief Marketing Officer of Getty Images Holdings, Inc. (NYSE:GETY), recently sold 23,475 shares of the company’s Class A common stock. The shares were sold at an average price of $2.12 per share, totaling approximately $49,767. Following this transaction, Foca retains ownership of 468,943 shares.
The sale was part of a non-discretionary plan to cover mandatory tax withholding obligations related to the vesting and settlement of restricted stock units, as outlined in a Rule 10b5-1 trading plan. The transaction was executed on March 25, 2025, with prices ranging from $2.06 to $2.21 per share. InvestingPro data reveals the company maintains a strong gross profit margin of 73% and analysts expect improved profitability this year. Subscribers can access 12 additional exclusive ProTips and a comprehensive Pro Research Report for deeper insights into Getty Images’ financial health and growth prospects.
In other recent news, Getty Images Holdings Inc. reported strong financial results for the fourth quarter of 2024, with revenue reaching $247.3 million, exceeding forecasts. The company’s adjusted EBITDA increased by 11.7%, and it reduced its net leverage to below four times for the first time in over a decade. Citi analysts resumed coverage of Getty Images with a Neutral rating and a $2.45 price target, citing challenges in agency revenues but noting potential benefits from an upcoming merger with Shutterstock (NYSE:SSTK). This merger is expected to be finalized in the second half of 2025 and could result in significant cost savings and a strategic shift towards subscription models. Meanwhile, Benchmark analysts adjusted their price target for Getty Images to $4.50 while maintaining a Buy rating, acknowledging the company’s strong performance in the ’Other’ revenue category, despite challenges in the Creative and Editorial segments. JMP analysts maintained a Market Outperform rating for Getty Images, emphasizing the company’s robust earnings growth and revenue diversification strategies. The merger with Shutterstock is anticipated to influence Getty Images’ financial trajectory and market position significantly.
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