During the last session, Getty Images Holdings Inc. (NYSE:GETY)’s traded shares were 1.67 million. At the end of the trading day, the stock’s price was $5.20, reflecting an intraday loss of -15.03% or -$0.92. The 52-week high for the GETY share is $37.88, that puts it down -628.46 from that peak though still a striking 34.23% gain since the share price plummeted to a 52-week low of $3.42. The company’s market capitalization is $2.14B, and the average intraday trading volume over the past 10 days was 0.64 million shares, and the average trade volume was 944.36K shares over the past three months.
Getty Images Holdings Inc. (GETY) received a consensus recommendation of an Overweight from analysts. That translates to a mean rating of 2.20. GETY has a Sell rating from 0 analyst(s) out of 8 analysts who have looked at this stock. 4 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 4 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be $0.04.
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Getty Images Holdings Inc. (NYSE:GETY) trade information
Getty Images Holdings Inc. (GETY) registered a -15.03% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -15.03% in intraday trading to $5.20 this Wednesday, 05/24/23, hitting a weekly high. The stock’s 5-day price performance is -15.45%, and it has moved by -17.72% in 30 days. Based on these gigs, the overall price performance for the year is -47.74%. The short interest in Getty Images Holdings Inc. (NYSE:GETY) is 0.72 million shares and it means that shorts have 0.39 day(s) to cover.
The consensus price target of analysts on Wall Street is $7.08, which implies an increase of 26.55% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $6.00 and $8.00 respectively. As a result, GETY is trading at a discount of -53.85% off the target high and -15.38% off the low.
Getty Images Holdings Inc. (GETY) estimates and forecasts
Statistics show that Getty Images Holdings Inc. has outperformed its competitors in share price, compared to the industry in which it operates. Getty Images Holdings Inc. (GETY) shares have gone down -4.06% during the last six months, with a year-to-date growth rate more than the industry average at 750.00% against 16.10. Yet analysts are ramping up their growth forecast for the fiscal year 2023. Revenue is predicted to shrink -86.20% this quarter and then jump 105.40% in the quarter after that. In the rating firms’ projections, revenue will increase 3.00% compared to the previous financial year.
Revenue for the current quarter is expected to be $235.64 million as predicted by 5 analyst(s). Meanwhile, a consensus of 5 analyst(s) estimates revenue growth to $239.51 million by the end of Sep 2023. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $233.3 million and $230.47 million respectively. In this case, analysts expect current quarter sales to grow by 1.00% and then jump by 3.90% in the coming quarter.
While earnings are projected to return 166.70% in 2023.
GETY Dividends
Getty Images Holdings Inc. is due to release its next quarterly earnings in June. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Getty Images Holdings Inc. (NYSE:GETY)’s Major holders
Getty Images Holdings Inc. insiders own 58.08% of total outstanding shares while institutional holders control 43.73%, with the float percentage being 104.32%. Koch Industries, Inc. is the largest shareholder of the company, while 39 institutions own stock in it. As of Mar 30, 2023, the company held over 80.5 million shares (or 20.27% of all shares), a total value of $409.74 million in shares.
The next largest institutional holding, with 78.85 million shares, is of Neuberger Berman Group, LLC’s that is approximately 19.86% of outstanding shares. At the market price on Mar 30, 2023, these shares were valued at $401.34 million.
Also, the Mutual Funds coming in first place with the largest holdings of Getty Images Holdings Inc. (GETY) shares are Invesco ETF Tr-Invesco Dynamic Media ETF and USAA Mutual Fd Tr-Extended Market Index Fd. Data provided on Mar 30, 2023 indicates that Invesco ETF Tr-Invesco Dynamic Media ETF owns about 0.15 million shares. This amounts to just over 0.04 percent of the company’s overall shares, with a $0.75 million market value. The same data shows that the other fund manager holds slightly less at 22850.0, or about 0.01% of the stock, which is worth about $0.13 million.