Getty Images Holdings, Inc. (NYSE:GETY) Sees Significant Decline in Short Interest

Getty Images Holdings, Inc. (NYSE:GETY) was the recipient of a large drop in short interest in the month of March. As of March 31st, there was short interest totalling 3,230,000 shares, a drop of 5.6% from the March 15th total of 3,420,000 shares. Approximately 1.7% of the shares of the stock are short sold. Based on an average trading volume of 416,700 shares, the short-interest ratio is currently 7.8 days.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on GETY shares. Wedbush reaffirmed an “outperform” rating and issued a $7.70 price target on shares of Getty Images in a research note on Friday, March 15th. Benchmark raised their price target on shares of Getty Images from $7.00 to $8.00 and gave the company a “buy” rating in a research note on Friday, March 15th. Finally, Citigroup raised their target price on shares of Getty Images from $5.50 to $6.00 and gave the stock a “buy” rating in a research note on Friday, March 15th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $6.35.

Getty Images Trading Down 0.4 %

GETY opened at $3.81 on Thursday. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.84 and a quick ratio of 0.84. The company’s 50 day simple moving average is $4.45 and its two-hundred day simple moving average is $4.75. Getty Images has a 1-year low of $3.65 and a 1-year high of $8.18. The firm has a market capitalization of $1.54 billion, a price-to-earnings ratio of 95.13 and a beta of 2.12.

Getty Images (NYSE:GETY) last released its quarterly earnings results on Thursday, March 14th. The company reported $0.09 EPS for the quarter. The firm had revenue of $225.94 million for the quarter, compared to analyst estimates of $227.00 million. Getty Images had a net margin of 2.11% and a return on equity of 9.30%. Analysts expect that Getty Images will post 0.06 EPS for the current fiscal year.

Insider Activity

In other news, Director Chinh Chu sold 38,488 shares of the firm’s stock in a transaction dated Thursday, April 11th. The stock was sold at an average price of $4.04, for a total transaction of $155,491.52. Following the sale, the director now directly owns 8,462,409 shares in the company, valued at approximately $34,188,132.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Chinh Chu sold 38,488 shares of the firm’s stock in a transaction dated Thursday, April 11th. The shares were sold at an average price of $4.04, for a total value of $155,491.52. Following the transaction, the director now directly owns 8,462,409 shares of the company’s stock, valued at approximately $34,188,132.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Craig Warren Peters sold 155,515 shares of the firm’s stock in a transaction dated Monday, March 25th. The shares were sold at an average price of $4.41, for a total transaction of $685,821.15. Following the completion of the transaction, the chief executive officer now directly owns 1,244,048 shares in the company, valued at $5,486,251.68. The disclosure for this sale can be found here. Insiders have sold 1,253,325 shares of company stock worth $5,584,594 in the last ninety days. Company insiders own 13.00% of the company’s stock.

Institutional Trading of Getty Images

Several institutional investors have recently made changes to their positions in the company. Skandinaviska Enskilda Banken AB publ acquired a new stake in Getty Images in the 3rd quarter valued at approximately $26,000. UBS Group AG acquired a new stake in Getty Images in the 1st quarter valued at approximately $28,000. Tower Research Capital LLC TRC acquired a new stake in Getty Images in the 3rd quarter valued at approximately $28,000. Lazard Asset Management LLC acquired a new stake in Getty Images in the 2nd quarter valued at approximately $41,000. Finally, Delphia USA Inc. acquired a new stake in Getty Images in the 1st quarter valued at approximately $64,000. Hedge funds and other institutional investors own 45.75% of the company’s stock.

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.