Charles Schwab Investment Management Inc. Cuts Holdings in Getty Images Holdings, Inc. $GETY

Charles Schwab Investment Management Inc. decreased its position in Getty Images Holdings, Inc. (NYSE:GETY) by 10.0% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 475,034 shares of the company’s stock after selling 52,916 shares during the period. Charles Schwab Investment Management Inc. owned about 0.12% of Getty Images worth $822,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GETY. BNP Paribas Financial Markets purchased a new position in Getty Images in the fourth quarter valued at $27,000. Ameriprise Financial Inc. purchased a new position in Getty Images in the fourth quarter valued at $28,000. HHM Wealth Advisors LLC purchased a new position in Getty Images in the first quarter valued at $29,000. CWM LLC grew its position in shares of Getty Images by 809.5% in the first quarter. CWM LLC now owns 19,708 shares of the company’s stock valued at $34,000 after purchasing an additional 17,541 shares during the period. Finally, ProShare Advisors LLC grew its position in shares of Getty Images by 49.0% in the fourth quarter. ProShare Advisors LLC now owns 28,255 shares of the company’s stock valued at $61,000 after purchasing an additional 9,297 shares during the period. Hedge funds and other institutional investors own 45.75% of the company’s stock.

Insiders Place Their Bets

In other Getty Images news, CEO Craig Warren Peters sold 33,262 shares of the business’s stock in a transaction dated Wednesday, June 25th. The shares were sold at an average price of $1.77, for a total value of $58,873.74. Following the transaction, 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 position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In the last quarter, insiders have sold 80,010 shares of company stock valued at $141,618. Insiders own 11.20% of the company’s stock.

Getty Images Stock Performance

GETY opened at $1.79 on Wednesday. The firm has a market capitalization of $740.44 million, a PE ratio of -6.38 and a beta of 1.87. Getty Images Holdings, Inc. has a twelve month low of $1.25 and a twelve month high of $4.49. The firm’s 50-day moving average price is $1.79 and its 200 day moving average price is $1.85. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 2.03.

Getty Images (NYSE:GETY) last posted its quarterly earnings results on Monday, August 11th. The company reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.11). The business 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%.The business’s revenue was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.01 earnings per share. Getty Images has set its FY 2025 guidance at EPS. As a group, sell-side analysts expect that Getty Images Holdings, Inc. will post 0.08 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on GETY shares. Zacks Research upgraded shares of Getty Images to a “hold” rating in a research report on Friday, August 8th. Wedbush dropped their target price on shares of Getty Images from $7.70 to $7.00 and set an “outperform” rating on the stock 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 target price on the stock. in a research report on Tuesday, August 12th. Wall Street Zen upgraded shares of Getty Images from a “sell” rating to a “hold” rating in a research report on Saturday, August 16th. Finally, Citigroup reiterated a “neutral” rating and issued a $1.85 target price (down previously from $2.05) on shares of Getty Images in a research report on Tuesday, August 12th. One investment analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $4.03.

About Getty Images

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.