Getty Images Holdings, Inc. (NYSE:GETY) Short Interest Up 23.0% in March

Getty Images Holdings, Inc. (NYSE:GETY) was the target of a large increase in short interest in March. As of March 31st, there was short interest totalling 8,010,000 shares, an increase of 23.0% from the March 15th total of 6,510,000 shares. Approximately 7.1% of the shares of the stock are short sold. Based on an average trading volume of 2,780,000 shares, the days-to-cover ratio is currently 2.9 days.

Analyst Ratings Changes

GETY has been the topic of a number of research analyst reports. Wedbush restated an “outperform” rating and issued a $7.70 target price on shares of Getty Images in a research report on Thursday, March 13th. Benchmark lowered their price target on Getty Images from $6.00 to $4.50 and set a “buy” rating for the company in a research report on Tuesday, March 18th. Macquarie reiterated a “neutral” rating and set a $3.75 target price on shares of Getty Images in a report on Wednesday, January 8th. Finally, Citigroup reiterated a “neutral” rating and issued a $2.45 target price on shares of Getty Images in a report on Monday, March 24th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $4.60.

Insider Transactions at Getty Images

In other news, SVP Cho Mikael sold 18,590 shares of the firm’s stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of $2.12, for a total value of $39,410.80. Following the transaction, the senior vice president now directly owns 123,862 shares of the company’s stock, valued at approximately $262,587.44. This trade represents a 13.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CMO Gene Foca sold 23,475 shares of the stock in a transaction that occurred on Tuesday, March 25th. The shares were sold at an average price of $2.12, for a total value of $49,767.00. Following the completion of the sale, the chief marketing officer now directly owns 468,943 shares of the company’s stock, valued at approximately $994,159.16. This represents a 4.77 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 226,668 shares of company stock valued at $480,536 in the last ninety days. 12.30% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Getty Images

Several institutional investors have recently bought and sold shares of GETY. Koch Inc. purchased a new position in shares of Getty Images during the 4th quarter worth approximately $183,865,000. Vanguard Group Inc. increased its stake in Getty Images by 7.3% in the 4th 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 in the last quarter. Geode Capital Management LLC raised its stake in shares of Getty Images by 0.7% during the 4th quarter. Geode Capital Management LLC now owns 1,675,635 shares of the company’s stock worth $3,620,000 after buying an additional 11,680 shares during the last quarter. Toronto Dominion Bank purchased a new stake in shares of Getty Images in the 4th quarter worth about $3,553,000. Finally, State Street Corp grew its position in shares of Getty Images by 46.3% in the third quarter. State Street Corp now owns 1,474,167 shares of the company’s stock valued at $5,617,000 after purchasing an additional 466,521 shares during the last quarter. 45.75% of the stock is owned by institutional investors and hedge funds.

Getty Images Stock Performance

NYSE GETY traded up $0.08 during trading hours on Monday, hitting $1.81. The company had a trading volume of 529,476 shares, compared to its average volume of 1,155,244. The company has a market cap of $744.69 million, a PE ratio of 15.04 and a beta of 2.00. Getty Images has a 1-year low of $1.25 and a 1-year high of $4.49. The business has a 50 day moving average of $1.99 and a 200-day moving average of $2.67. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.79 and a current ratio of 0.79.

Getty Images (NYSE:GETY) last issued its quarterly earnings results on Monday, March 17th. The company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.05). Getty Images had a return on equity of 6.42% and a net margin of 5.91%. The business had revenue of $247.30 million for the quarter, compared to analyst estimates of $245.50 million. The company’s quarterly revenue was up 9.5% on a year-over-year basis. As a group, equities research analysts expect that Getty Images 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.