378,055 Shares in Getty Images Holdings, Inc. $GETY Acquired by TIG Advisors LLC

TIG Advisors LLC acquired a new stake in Getty Images Holdings, Inc. (NYSE:GETY) during the 1st quarter, HoldingsChannel reports. The firm acquired 378,055 shares of the company’s stock, valued at approximately $654,000.

Several other institutional investors and hedge funds have also bought and sold shares of GETY. Koch Inc. bought a new stake in shares of Getty Images in the fourth quarter valued at $174,385,000. Toronto Dominion Bank purchased a new stake in Getty Images in the 4th quarter worth about $3,553,000. Vanguard Group Inc. raised its stake in Getty Images by 2.4% in the 1st quarter. Vanguard Group Inc. now owns 10,471,652 shares of the company’s stock valued at $18,116,000 after acquiring an additional 246,403 shares during the period. Nuveen LLC bought a new stake in Getty Images in the 1st quarter valued at about $316,000. Finally, Victory Capital Management Inc. lifted its holdings in Getty Images by 139.1% during the first quarter. Victory Capital Management Inc. now owns 189,786 shares of the company’s stock valued at $328,000 after purchasing an additional 110,402 shares during the last quarter. 45.75% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have commented on GETY. Wedbush dropped their price objective on shares of Getty Images from $7.70 to $7.00 and set an “outperform” rating on the stock in a report on Tuesday, August 12th. Zacks Research upgraded Getty Images to a “hold” rating in a research report on Friday, August 8th. Wall Street Zen upgraded Getty Images from a “sell” rating to a “hold” rating in a research note on Saturday, August 16th. Benchmark lowered Getty Images from a “buy” rating to a “hold” rating and set a $3.50 price objective on the stock. in a research note on Tuesday, August 12th. Finally, Citigroup restated a “neutral” rating and issued a $1.85 target price (down previously from $2.05) on shares of Getty Images in a research note on Tuesday, August 12th. One research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $4.03.

Getty Images Stock Up 0.3%

Shares of NYSE GETY opened at $1.84 on Monday. Getty Images Holdings, Inc. has a 52 week low of $1.25 and a 52 week high of $4.49. The business has a 50-day simple moving average of $1.79 and a two-hundred day simple moving average of $1.86. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 2.03. The company has a market cap of $761.18 million, a P/E ratio of -6.55 and a beta of 1.87.

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

Insider Buying and Selling at Getty Images

In related news, CEO Craig Warren Peters sold 33,262 shares of the firm’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 value of $58,873.74. Following the sale, the chief executive officer directly owned 1,279,686 shares of the company’s stock, valued at $2,265,044.22. This trade represents a 2.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders have sold 80,010 shares of company stock valued at $141,618 in the last quarter. 11.20% of the stock is currently owned by corporate insiders.

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.