Getty Images (NYSE:GETY) Major Shareholder Neuberger Berman Group Llc Sells 3,470,917 Shares

Getty Images Holdings, Inc. (NYSE:GETY) major shareholder Neuberger Berman Group Llc sold 3,470,917 shares of the business’s stock in a transaction that occurred on Friday, October 31st. The shares were sold at an average price of $2.27, for a total transaction of $7,878,981.59. Following the transaction, the insider directly owned 70,641,345 shares in the company, valued at $160,355,853.15. The trade was a 4.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Neuberger Berman Group Llc also recently made the following trade(s):

• On Wednesday, October 29th, Neuberger Berman Group Llc sold 63,000 shares of Getty Images stock. The shares were sold at an average price of $2.08, for a total transaction of $131,040.00.

Getty Images Stock Down 8.4%

GETY traded down $0.17 on Tuesday, reaching $1.80. 3,939,097 shares of the company traded hands, compared to its average volume of 2,079,307. The stock’s 50 day moving average price is $2.02 and its 200-day moving average price is $1.88. Getty Images Holdings, Inc. has a 52-week low of $1.25 and a 52-week high of $4.49. The company has a market cap of $744.58 million, a price-to-earnings ratio of -6.41 and a beta of 1.89. The company has a debt-to-equity ratio of 2.03, a current ratio of 0.70 and a quick ratio of 0.70.

Getty Images (NYSE:GETY) last posted its earnings results on Monday, August 11th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.11). The business had revenue of $234.88 million during the quarter, compared to analyst estimates of $234.77 million. Getty Images had a negative net margin of 12.19% and a negative return on equity of 14.39%. Getty Images’s revenue was up 2.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.01 earnings per share. Getty Images has set its FY 2025 guidance at EPS. On average, sell-side analysts expect that Getty Images Holdings, Inc. will post 0.08 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on GETY. Wall Street Zen upgraded shares of Getty Images from a “sell” rating to a “hold” rating in a research note on Saturday, August 16th. Citigroup restated a “neutral” rating and issued a $1.85 price objective (down from $2.05) on shares of Getty Images in a research note on Tuesday, August 12th. Weiss Ratings restated a “sell (d)” rating on shares of Getty Images in a research note on Wednesday, October 8th. Benchmark cut shares of Getty Images from a “buy” rating to a “hold” rating and set a $3.50 target price for the company. in a research note on Tuesday, August 12th. Finally, Wedbush reiterated an “outperform” rating and set a $7.00 target price on shares of Getty Images in a research note on Friday. One investment analyst has rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, Getty Images currently has an average rating of “Reduce” and a consensus target price of $4.03.

Institutional Investors Weigh In On Getty Images

Large investors have recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Getty Images by 47.2% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 15,870 shares of the company’s stock valued at $33,000 after purchasing an additional 5,089 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of Getty Images by 16.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 49,458 shares of the company’s stock valued at $82,000 after purchasing an additional 6,856 shares during the last quarter. Intech Investment Management LLC raised its position in shares of Getty Images by 19.3% in the 2nd quarter. Intech Investment Management LLC now owns 68,843 shares of the company’s stock valued at $114,000 after acquiring an additional 11,121 shares during the period. State of Alaska Department of Revenue acquired a new stake in shares of Getty Images in the 3rd quarter valued at approximately $25,000. Finally, American Century Companies Inc. raised its position in shares of Getty Images by 11.2% in the 2nd quarter. American Century Companies Inc. now owns 151,727 shares of the company’s stock valued at $252,000 after acquiring an additional 15,296 shares during the period. Institutional investors own 45.75% of the company’s stock.

Getty Images Company Profile

Getty Images Holdings, Inc offers creative and editorial visual content solutions in the Americas, Europe, the Middle East, Africa, and Asia-Pacific. Its products include Getty Images that offers creative and editorial content including stills, music and video which focuses on corporate, agency, and media customers; iStock.com, an e-commerce offering where customers have access to creative stills and video; Unsplash.com, a platform offering free stock photo downloads and paid subscriptions targeted to the high-growth prosumer and semi-professional creator segments; and Unsplash+ that provides access to unique model released content with expanded legal protections.