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

Getty Images Holdings, Inc. (NYSE:GETY) major shareholder Neuberger Berman Group Llc sold 3,470,917 shares of the firm’s stock in a transaction 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 sale, the insider directly owned 70,641,345 shares of the company’s stock, valued at approximately $160,355,853.15. The trade was a 4.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Major shareholders that own at least 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 during trading hours on Tuesday, reaching $1.80. 3,939,097 shares of the stock traded hands, compared to its average volume of 2,079,307. The firm’s fifty day simple moving average is $2.02 and its two-hundred day simple moving average is $1.88. The company has a market cap of $744.58 million, a price-to-earnings ratio of -6.41 and a beta of 1.89. Getty Images Holdings, Inc. has a fifty-two week low of $1.25 and a fifty-two week high of $4.49. 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 announced its quarterly earnings data on Monday, August 11th. The company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.11). The company had revenue of $234.88 million for the quarter, compared to analyst estimates of $234.77 million. Getty Images had a negative return on equity of 14.39% and a negative net margin of 12.19%.Getty Images’s revenue was up 2.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.01 earnings per share. Getty Images has set its FY 2025 guidance at EPS. As a group, analysts forecast that Getty Images Holdings, Inc. will post 0.08 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Weiss Ratings reissued a “sell (d)” rating on shares of Getty Images in a report on Wednesday, October 8th. Zacks Research raised shares of Getty Images from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 15th. Benchmark lowered shares of Getty Images from a “buy” rating to a “hold” rating and set a $3.50 price target for the company. in a report on Tuesday, August 12th. Citigroup reaffirmed a “neutral” rating and issued a $1.85 price target (down from $2.05) on shares of Getty Images in a report on Tuesday, August 12th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $7.00 price target on shares of Getty Images in a report on Friday. One analyst has rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Reduce” and a consensus target price of $4.03.

Institutional Trading of Getty Images

Hedge funds and other institutional investors have recently made changes to their positions in the stock. CWM LLC raised its holdings in shares of Getty Images by 809.5% in the 1st quarter. CWM LLC now owns 19,708 shares of the company’s stock worth $34,000 after purchasing an additional 17,541 shares in the last quarter. Victory Capital Management Inc. increased its position in shares of Getty Images by 139.1% in the first quarter. Victory Capital Management Inc. now owns 189,786 shares of the company’s stock worth $328,000 after acquiring an additional 110,402 shares in the last quarter. XTX Topco Ltd purchased a new position in shares of Getty Images in the first quarter worth approximately $78,000. HHM Wealth Advisors LLC purchased a new position in shares of Getty Images in the first quarter worth approximately $29,000. Finally, Vanguard Group Inc. increased its position in shares of Getty Images by 2.4% in the first quarter. Vanguard Group Inc. now owns 10,471,652 shares of the company’s stock worth $18,116,000 after acquiring an additional 246,403 shares in the last quarter. 45.75% of the stock is currently owned by institutional investors.

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.