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

Getty Images Holdings, Inc. (NYSE:GETY) saw a large decline in short interest during the month of February. As of February 15th, there was short interest totalling 7,600,000 shares, a decline of 27.8% from the January 31st total of 10,530,000 shares. Approximately 6.7% of the company’s shares are sold short. Based on an average trading volume of 2,570,000 shares, the short-interest ratio is presently 3.0 days.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Benchmark reiterated a “buy” rating and issued a $6.00 price target on shares of Getty Images in a research note on Friday, January 10th. JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of Getty Images in a research report on Wednesday, December 18th. Wedbush reissued an “outperform” rating and set a $7.70 price target on shares of Getty Images in a research report on Tuesday, January 7th. Finally, Macquarie reaffirmed a “neutral” rating and set a $3.75 price target on shares of Getty Images in a research report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $5.61.

Getty Images Stock Performance

NYSE GETY traded down $0.02 during trading on Tuesday, reaching $2.00. 647,449 shares of the company’s stock were exchanged, compared to its average volume of 3,792,871. Getty Images has a fifty-two week low of $1.90 and a fifty-two week high of $5.77. The stock has a market capitalization of $820.09 million, a P/E ratio of 16.63 and a beta of 1.95. The business has a 50 day moving average price of $2.49 and a 200-day moving average price of $3.09. The company has a debt-to-equity ratio of 1.84, a current ratio of 0.79 and a quick ratio of 0.79.

Insider Buying and Selling at Getty Images

In related news, CEO Craig Warren Peters sold 32,753 shares of the firm’s stock in a transaction on Tuesday, December 24th. The stock was sold at an average price of $2.20, for a total transaction of $72,056.60. Following the sale, the chief executive officer now owns 1,212,648 shares of the company’s stock, valued at approximately $2,667,825.60. This trade represents a 2.63 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Jennifer Leyden sold 12,342 shares of the stock in a transaction that occurred on Tuesday, December 24th. The stock was sold at an average price of $2.20, for a total value of $27,152.40. Following the sale, the chief financial officer now directly owns 261,034 shares of the company’s stock, valued at approximately $574,274.80. The trade was a 4.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 70,521 shares of company stock worth $155,146. Insiders own 12.30% of the company’s stock.

Hedge Funds Weigh In On Getty Images

Several institutional investors and hedge funds have recently modified their holdings of GETY. Koch Inc. bought a new stake in shares of Getty Images during the 4th quarter worth about $183,865,000. Toronto Dominion Bank bought a new stake in shares of Getty Images during the fourth quarter worth approximately $3,553,000. Vanguard Group Inc. grew its position in shares of Getty Images by 7.3% in the fourth quarter. Vanguard Group Inc. now owns 10,225,249 shares of the company’s stock valued at $22,087,000 after purchasing an additional 698,829 shares during the last quarter. State Street Corp increased its stake in shares of Getty Images by 46.3% during the third quarter. State Street Corp now owns 1,474,167 shares of the company’s stock worth $5,617,000 after purchasing an additional 466,521 shares during the period. Finally, Bank of New York Mellon Corp increased its position in Getty Images by 71.2% during the 4th quarter. Bank of New York Mellon Corp now owns 352,388 shares of the company’s stock worth $761,000 after buying an additional 146,576 shares during the period. 45.75% of the stock is currently owned by institutional investors and hedge funds.

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.