Ninety One UK Ltd Takes Position in Getty Images Holdings, Inc. (NYSE:GETY)

Ninety One UK Ltd bought a new position in shares of Getty Images Holdings, Inc. (NYSE:GETY) in the second quarter, according to the company in its most recent filing with the SEC. The firm bought 178,835 shares of the company’s stock, valued at approximately $583,000.

Several other institutional investors have also recently added to or reduced their stakes in GETY. Fifth Lane Capital LP bought a new position in shares of Getty Images in the first quarter valued at about $104,000. Kessler Investment Group LLC bought a new stake in shares of Getty Images during the first quarter valued at approximately $89,000. Nisa Investment Advisors LLC acquired a new stake in shares of Getty Images in the second quarter valued at approximately $49,000. EntryPoint Capital LLC bought a new position in Getty Images in the 1st quarter worth approximately $47,000. Finally, Natixis acquired a new position in Getty Images during the 1st quarter worth $42,000. 45.75% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Citigroup cut their price objective on shares of Getty Images from $6.00 to $5.00 and set a “buy” rating on the stock in a report on Tuesday, August 13th. Benchmark restated a “buy” rating and issued a $6.00 price target on shares of Getty Images in a research report on Tuesday, August 13th. Wedbush reiterated an “outperform” rating and issued a $7.70 price objective on shares of Getty Images in a report on Monday, May 6th. Finally, Macquarie reduced their target price on Getty Images from $4.00 to $3.50 and set a “neutral” rating on the stock in a report on Monday, August 12th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $5.64.

Getty Images Stock Performance

NYSE GETY traded down $0.14 on Tuesday, hitting $3.30. 96,426 shares of the stock were exchanged, compared to its average volume of 543,956. Getty Images Holdings, Inc. has a 52 week low of $2.88 and a 52 week high of $7.35. The company has a market capitalization of $1.35 billion, a PE ratio of 57.58 and a beta of 2.05. The business’s fifty day moving average is $3.45 and its 200 day moving average is $3.91. The company has a debt-to-equity ratio of 1.92, a current ratio of 0.78 and a quick ratio of 0.86.

Getty Images (NYSE:GETY) last posted its quarterly earnings results on Friday, August 9th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.01). The business had revenue of $229.14 million during the quarter, compared to the consensus estimate of $228.42 million. Getty Images had a net margin of 4.19% and a return on equity of 9.36%. The business’s revenue was up 1.5% on a year-over-year basis. Research analysts anticipate that Getty Images Holdings, Inc. will post 0.12 EPS for the current fiscal year.

Insiders Place Their Bets

In other Getty Images news, VP Daine Marc Weston sold 10,227 shares of Getty Images stock in a transaction dated Tuesday, June 25th. The shares were sold at an average price of $3.23, for a total value of $33,033.21. Following the completion of the sale, the vice president now owns 89,622 shares in the company, valued at approximately $289,479.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Craig Warren Peters sold 32,977 shares of the business’s stock in a transaction dated Tuesday, June 25th. The stock was sold at an average price of $3.23, for a total value of $106,515.71. Following the completion of the transaction, the chief executive officer now owns 1,211,071 shares of the company’s stock, valued at $3,911,759.33. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Daine Marc Weston sold 10,227 shares of the stock in a transaction dated Tuesday, June 25th. The stock was sold at an average price of $3.23, for a total transaction of $33,033.21. Following the sale, the vice president now owns 89,622 shares in the company, valued at $289,479.06. The disclosure for this sale can be found here. Insiders have sold 81,378 shares of company stock worth $262,851 in the last 90 days. Company insiders own 12.30% of the company’s stock.

Getty Images 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.