Invenomic Capital Management LP Takes $4.65 Million Position in Getty Images Holdings, Inc. $GETY

Key Points

• Invenomic Capital Management LP has invested approximately $4.65 million in Getty Images Holdings, acquiring 2,685,497 shares, which represents about 0.65% of the company.
• Getty Images reported a quarterly earnings per share (EPS) of ($0.08), missing the consensus estimate by ($0.11), despite a revenue increase of 2.5% year-over-year.
• Analysts have mixed ratings on Getty Images, with one upgrade to "hold" but a lowered price target from $7.70 to $7.00 by Wedbush, reflecting cautious market sentiment.

Invenomic Capital Management LP acquired a new stake in Getty Images Holdings, Inc. (NYSE:GETY - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The fund acquired 2,685,497 shares of the company's stock, valued at approximately $4,646,000. Invenomic Capital Management LP owned 0.65% of Getty Images as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in GETY. Koch Inc. bought a new position in shares of Getty Images in the fourth quarter worth $174,385,000. Vanguard Group Inc. boosted its holdings 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 during the period. Toronto Dominion Bank bought a new position in shares of Getty Images in the fourth quarter worth $3,553,000. Northern Trust Corp boosted its holdings in shares of Getty Images by 3.0% in the fourth quarter. Northern Trust Corp now owns 713,835 shares of the company's stock worth $1,542,000 after acquiring an additional 20,753 shares during the period. Finally, TIG Advisors LLC bought a new stake in shares of Getty Images during the first quarter valued at about $654,000. 45.75% of the stock is currently owned by institutional investors.

Insider Activity at Getty Images

In other news, CEO Craig Warren Peters sold 33,262 shares of the company's stock in a transaction 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 owned 1,279,686 shares of the company's stock, valued at $2,265,044.22. This represents 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 a total of 80,010 shares of company stock worth $141,618 over the last three months. 11.20% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Wall Street Zen upgraded Getty Images from a "sell" rating to a "hold" rating in a research report on Saturday, August 16th. Wedbush decreased their price target on 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 cut Getty Images from a "buy" rating to a "hold" rating and set a $3.50 price target on the stock. in a research report on Tuesday, August 12th. Citigroup reissued a "neutral" rating and set a $1.85 price target (down from $2.05) on shares of Getty Images in a research note on Tuesday, August 12th. Finally, Zacks Research cut shares of Getty Images from a "hold" rating to a "strong sell" rating in a report on Monday. One research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Reduce" and an average target price of $4.03.

Getty Images Price Performance

GETY traded up $0.01 during trading on Thursday, reaching $1.87. 106,233 shares of the company traded hands, compared to its average volume of 1,560,922. The company has a market cap of $773.62 million, a P/E ratio of -6.66 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. The firm has a fifty day simple moving average of $1.81 and a 200 day simple moving average of $1.83. Getty Images Holdings, Inc. has a 12-month low of $1.25 and a 12-month high of $4.49.

Getty Images (NYSE:GETY - Get Free Report) last announced its quarterly earnings data on Monday, August 11th. The company reported ($0.08) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.11). Getty Images had a negative net margin of 12.19% and a negative return on equity of 14.39%. The company had revenue of $234.88 million during the quarter, compared to analysts' expectations of $234.77 million. During the same period in the previous year, the business earned $0.01 earnings per share. The business'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. On average, equities analysts forecast that Getty Images Holdings, Inc. will post 0.08 EPS for the current year.

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.