Getty Images Holdings Inc (GETY)

Getty Images Holdings Stock (GETY) dropped by 10.71% from $4.48 to $4.00 in the trading on Friday November 10, 2023. The reason why GETY stock down today is due to the analysis by Wedbush today. Analyst Michael Pachter from Wedbush remains neutral on the stock and has a $7.70 price target.

• Getty has been negatively affected by external factors such as strikes and legal matters, however, it has managed to maintain strong key performance indicators.
• Looking forward to Q3 of 2023, despite the potential for results slightly below Street expectations, due to ongoing strikes and a seasonally weak period for advertisement, Getty is expected to see positive factors including reduced legal expenses and foreign currency translation tailwinds.
• Pachter anticipates a potential drop in the fiscal year 2023 guidance due to macroeconomic factors and the company’s trend towards lower revenue ecommerce subscriptions

Shares of Getty Images (GETY) dropped by 12.34% from $6.40 to $5.61 in the trading on Tuesday October 3, 2023. The GETY stock is down due to Redburn Atlantic's recent downgrade from a Buy to a Neutral rating, accompanied by a lowered price target of $6. Redburn Atlantic's research note suggests that the slowdown in sales for Getty and Shutterstock is closely tied to the performance of the top digital advertising companies, indicating a strong correlation. This downgrade likely influenced investor sentiment and contributed to the stock's drop.

Shares of Getty Images Holdings, Inc. (GETY) gapped down 16.3% after an insider sold shares in the company. Michael Teaster sold 65,000 shares of the business’s stock in a transaction on Thursday, September 14th.

https://www.americanbankingnews.com/2023/09/20/getty-images-nysegety-shares-gap-down-after-insider-selling.html

Getty Images (GETY) shares plummeted 6.59% after revising its full-year revenue forecast due to Hollywood strikes. The company reported an unforeseen loss and a roughly 3% Q2 revenue decline. Yahoo Finance Live provides an analysis of the situation.

https://www.investopedia.com/getty-images-posts-a-loss-and-cuts-its-outlook-as-hollywood-strikes-impact-revenue-7643515?utm_campaign=quote-yahoo&utm_source=yahoo&utm_medium=referral

GETY's stock fell 6.64% related to its financial problems. The company reported first quarter EPS of $0.010, $0.04 worse than the analyst estimate of $0.050. Revenue for the quarter came in at $235.6M versus the consensus estimate of $232.94M.

https://www.investing.com/news/getty-images-holdings-earnings-missed-by-004-revenue-topped-estimates-3080621