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SEATTLE—Grant Farhall, Chief Product Officer at Getty Images Holdings, Inc. (NYSE:GETY), recently sold 31,254 shares of the company’s Class A common stock. The shares were sold at a weighted average price of $2.12 per share, amounting to a total transaction value of $66,258. The transaction comes as Getty Images stock trades near its 52-week low of $1.90, with shares down over 49% in the past six months.
Following this transaction, Farhall retains ownership of 267,006 shares in the company. The sales were conducted to cover mandatory tax withholding obligations related to the vesting and settlement of restricted stock units and performance restricted stock units, as outlined in a Rule 10b5-1 trading plan. According to InvestingPro analysis, Getty Images appears undervalued at its current market capitalization of $792 million, with technical indicators suggesting oversold conditions. InvestingPro offers 12 additional investment tips for Getty Images, available through its comprehensive Pro Research Report.
The transaction was executed in multiple trades, with prices ranging from $2.06 to $2.21 per share.
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 the forecast of $245.49 million. The company also reported an adjusted EBITDA of $80.6 million, marking an increase of 11.7%. Citi analysts resumed coverage of Getty Images with a Neutral rating and a price target of $2.45, reflecting a cautious stance due to declining agency revenues and economic pressures. However, the anticipated merger with Shutterstock (NYSE:SSTK), set for completion in the second half of 2025, is expected to bring significant cost savings and a shift towards subscription models.
Benchmark analysts adjusted their financial outlook for Getty Images, reducing the price target from $6.00 to $4.50 while maintaining a Buy rating. This revision follows fourth-quarter revenue performance that exceeded projections by 1%, driven by the ’Other’ revenue category, including data licensing revenue. On the other hand, JMP analysts maintained a Market Outperform rating with a $34 price target for Getty Images, citing robust earnings growth and revenue diversification as key factors. The company has been praised for its strategic focus on AI capabilities and content integration, which has solidified its competitive position. These developments highlight the company’s ongoing efforts to navigate economic challenges while preparing for strategic changes in its business model.
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