Oil prices rise on talk of Russia sanctions; bouncing off recent lows
SEATTLE—Kenneth Arrigo Mainardis, Senior Vice President at Getty Images Holdings, Inc. (NYSE:GETY), recently sold a portion of his holdings in the company. The stock, currently trading at $1.92, has experienced a significant decline of over 53% in the past year, though InvestingPro analysis suggests the stock is currently undervalued. According to a recent SEC filing, Mainardis sold 21,978 shares of Class A Common Stock on March 25, 2025. The shares were sold at a weighted average price of $2.12, totaling approximately $46,593.
This sale was part of a non-discretionary plan to cover mandatory tax withholding obligations related to the vesting and settlement of restricted stock units and performance restricted stock units. Following this transaction, Mainardis retains ownership of 216,087 shares.
The transaction was executed under a Rule 10b5-1 trading plan, which allows insiders to set up a predetermined schedule for selling company stock. The sale was conducted in multiple trades, with prices ranging from $2.06 to $2.21 per share. Technical indicators from InvestingPro show the stock is currently in oversold territory, with 12 additional ProTips available for subscribers.
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 EPS of $0.0467, which met expectations. This robust performance included a 9.5% year-over-year increase in revenue and an 11.7% rise in adjusted EBITDA. Meanwhile, Citi analysts resumed coverage of Getty Images with a Neutral rating and a $2.45 price target, reflecting cautiousness due to declining agency revenues and economic pressures, though they noted potential benefits from the upcoming merger with Shutterstock (NYSE:SSTK).
Benchmark analysts adjusted their price target for Getty Images from $6.00 to $4.50, maintaining a Buy rating after the company’s fourth-quarter revenue exceeded expectations by 1%. This was largely driven by strong performance in data licensing, although Creative and Editorial segments underperformed. The merger with Shutterstock, expected in the second half of 2025, is anticipated to result in significant cost savings and a strategic shift towards subscription revenue, according to Citi analysts.
JMP analysts maintained a Market Outperform rating for Getty Images with a $34.00 price target, citing strong earnings growth and revenue diversification despite recent challenges. The company’s strategic focus on AI capabilities and creative ecosystem integrations has bolstered its competitive position. Getty Images has also reduced its net leverage to below 4x for the first time in over a decade, reflecting a solid financial standing.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.