Nuveen LLC Takes $316,000 Position in Getty Images Holdings, Inc. $GETY

Key Points

• Nuveen LLC has acquired a new position in Getty Images Holdings, Inc., purchasing 182,768 shares valued at approximately $316,000 in the first quarter.
• Getty Images reported a quarterly earnings per share of (0.08), missing estimates by (0.11), while its revenue increased by 2.5% year-over-year.
• Institutional investors currently own 45.75% of Getty Images' stock, with several large investors increasing their holdings during recent quarters.

Nuveen LLC purchased a new position in Getty Images Holdings, Inc. (NYSE:GETY - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 182,768 shares of the company's stock, valued at approximately $316,000.

Several other institutional investors and hedge funds have also made changes to their positions in GETY. Price T Rowe Associates Inc. MD increased its position in Getty Images by 15.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 36,897 shares of the company's stock worth $80,000 after purchasing an additional 4,826 shares in the last quarter. ProShare Advisors LLC boosted its stake in shares of Getty Images by 49.0% during the 4th quarter. ProShare Advisors LLC now owns 28,255 shares of the company's stock worth $61,000 after purchasing an additional 9,297 shares during the last quarter. BNP Paribas Financial Markets purchased a new stake in shares of Getty Images during the fourth quarter worth about $27,000. Dimensional Fund Advisors LP raised its position in shares of Getty Images by 24.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 64,007 shares of the company's stock valued at $138,000 after buying an additional 12,542 shares during the last quarter. Finally, Ameriprise Financial Inc. acquired a new position in shares of Getty Images in the fourth quarter valued at approximately $28,000. 45.75% of the stock is currently owned by hedge funds and other institutional investors.

Getty Images Trading Down 1.3%

Getty Images stock traded down $0.03 during trading on Tuesday, reaching $1.88. The company had a trading volume of 365,870 shares, compared to its average volume of 1,575,313. Getty Images Holdings, Inc. has a 12-month low of $1.25 and a 12-month high of $4.49. The stock's 50 day moving average price is $1.80 and its two-hundred day moving average price is $1.83. The firm has a market capitalization of $777.77 million, a price-to-earnings ratio of -6.70 and a beta of 1.87. The company has a debt-to-equity ratio of 2.03, a quick ratio of 0.70 and a current ratio of 0.70.

Getty Images (NYSE:GETY - Get Free Report) last released its quarterly earnings data on Monday, August 11th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.11). Getty Images had a negative return on equity of 14.39% and a negative net margin of 12.19%.The business had revenue of $234.88 million for the quarter, compared to analysts' expectations of $234.77 million. During the same quarter in the prior year, the firm earned $0.01 earnings per share. Getty Images's quarterly revenue was up 2.5% compared to the same quarter last year. Getty Images has set its FY 2025 guidance at EPS. As a group, equities analysts expect that Getty Images Holdings, Inc. will post 0.08 earnings per share for the current fiscal year.

Insider Transactions at Getty Images

In other Getty Images news, CEO Craig Warren Peters sold 33,262 shares of the business's stock in a transaction that occurred on Wednesday, June 25th. The shares were sold at an average price of $1.77, for a total transaction of $58,873.74. Following the completion of the sale, the chief executive officer directly owned 1,279,686 shares in the company, valued at $2,265,044.22. The trade was a 2.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold 80,010 shares of company stock worth $141,618 in the last ninety days. 11.20% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

GETY has been the subject of a number of analyst reports. Citigroup reissued a "neutral" rating and issued a $1.85 price objective (down previously from $2.05) on shares of Getty Images in a research report on Tuesday, August 12th. Wedbush cut their price objective on shares of Getty Images from $7.70 to $7.00 and set an "outperform" rating for the company in a research report on Tuesday, August 12th. Benchmark lowered shares of Getty Images from a "buy" rating to a "hold" rating and set a $3.50 price objective for the company. in a research report on Tuesday, August 12th. Wall Street Zen raised shares of Getty Images from a "sell" rating to a "hold" rating in a research report on Saturday, August 16th. Finally, Zacks Research raised shares of Getty Images to a "hold" rating in a research report on Friday, August 8th. One analyst has rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $4.03.

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.