TIG Advisors LLC Invests $654,000 in Getty Images Holdings, Inc. $GETY

Key Points

• TIG Advisors LLC has acquired a new position in Getty Images, purchasing 378,055 shares valued at approximately $654,000, representing about 0.09% of the company.
• Insider activity shows CEO Craig Warren Peters recently sold 33,262 shares, decreasing his ownership stake by 2.53% to over 1.27 million shares.
• Recent analyst ratings on Getty Images have seen a mix of downgrades and upgrades, with the average target price now at $4.03 and an overall consensus of "Hold".

TIG Advisors LLC purchased a new stake in Getty Images Holdings, Inc. (NYSE:GETY - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 378,055 shares of the company's stock, valued at approximately $654,000. TIG Advisors LLC owned approximately 0.09% of Getty Images at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. BNP Paribas Financial Markets purchased a new stake in shares of Getty Images in the fourth quarter valued at about $27,000. Aristeia Capital L.L.C. purchased a new position in shares of Getty Images during the fourth quarter valued at approximately $28,000. Ameriprise Financial Inc. purchased a new position in shares of Getty Images during the fourth quarter valued at approximately $28,000. HHM Wealth Advisors LLC purchased a new position in shares of Getty Images during the first quarter valued at approximately $29,000. Finally, CWM LLC lifted its stake in shares of Getty Images by 809.5% during the first quarter. CWM LLC now owns 19,708 shares of the company's stock valued at $34,000 after buying an additional 17,541 shares during the period. Hedge funds and other institutional investors own 45.75% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on GETY shares. Citigroup reissued a "neutral" rating and set a $1.85 price objective (down previously from $2.05) on shares of Getty Images in a research note on Tuesday, August 12th. Zacks Research raised shares of Getty Images to a "hold" rating in a research note on Friday, August 8th. Wall Street Zen raised shares of Getty Images from a "sell" rating to a "hold" rating in a research note on Saturday, August 16th. Wedbush reduced their price objective on shares of Getty Images from $7.70 to $7.00 and set an "outperform" rating on the stock in a research note on Tuesday, August 12th. Finally, Benchmark downgraded shares of Getty Images from a "buy" rating to a "hold" rating and set a $3.50 price target on the stock. in a research note on Tuesday, August 12th. 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 stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $4.03.

Insider Activity

In other news, CEO Craig Warren Peters sold 33,262 shares of the firm'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 approximately $2,265,044.22. This trade represents a 2.53% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In the last 90 days, insiders have sold 80,010 shares of company stock valued at $141,618. Company insiders own 11.20% of the company's stock.

Getty Images Stock Up 3.6%

GETY stock traded up $0.07 during mid-day trading on Friday, hitting $1.87. 555,071 shares of the company were exchanged, compared to its average volume of 585,179. The company has a market capitalization of $773.62 million, a PE ratio of -6.66 and a beta of 1.87. 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 Holdings, Inc. has a twelve month low of $1.25 and a twelve month high of $4.49. The firm has a fifty day simple moving average of $1.80 and a 200 day simple moving average of $1.84.

Getty Images (NYSE:GETY - Get Free Report) last announced its quarterly earnings data on Monday, August 11th. The company reported ($0.08) earnings per share 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 company had revenue of $234.88 million for the quarter, compared to analyst estimates of $234.77 million. During the same period in the prior year, the business earned $0.01 earnings per share. Getty Images's revenue was up 2.5% on a year-over-year basis. Getty Images has set its FY 2025 guidance at EPS. On average, research analysts forecast that Getty Images Holdings, Inc. will post 0.08 earnings per share for the current fiscal year.

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.