Getty Images Holdings, Inc. (NYSE:GETY) Short Interest Update

Getty Images Holdings, Inc. (NYSE:GETY) saw a large increase in short interest in the month of 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. Based on an average daily volume of 2,780,000 shares, the days-to-cover ratio is presently 2.9 days. Currently, 7.1% of the company’s shares are sold short.

Getty Images Stock Performance

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

Getty Images (NYSE:GETY) last posted its quarterly earnings data on Monday, March 17th. The company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.05). The company had revenue of $247.30 million for the quarter, compared to analyst estimates of $245.50 million. Getty Images had a net margin of 5.91% and a return on equity of 6.42%. The company’s revenue was up 9.5% compared to the same quarter last year. As a group, sell-side analysts expect that Getty Images will post 0.08 EPS for the current year.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In other Getty Images news, CFO Jennifer Leyden sold 29,607 shares of the company’s stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of $2.12, for a total transaction of $62,766.84. Following the completion of the sale, the chief financial officer now directly owns 278,072 shares in the company, valued at $589,512.64. This represents a 9.62 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Craig Warren Peters sold 124,624 shares of Getty Images stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of $2.12, for a total value of $264,202.88. Following the completion of the transaction, the chief executive officer now directly owns 1,262,948 shares in the company, valued at $2,677,449.76. This represents a 8.98 % decrease in their ownership of the stock. 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 quarter. 12.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of GETY. State Street Corp boosted its holdings in 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 buying an additional 466,521 shares in the last quarter. Jane Street Group LLC boosted its stake in Getty Images by 139.8% in the 3rd quarter. Jane Street Group LLC now owns 67,712 shares of the company’s stock worth $258,000 after purchasing an additional 39,477 shares during the period. Barclays PLC raised its stake in Getty Images by 47.1% during the 3rd quarter. Barclays PLC now owns 156,216 shares of the company’s stock valued at $596,000 after purchasing an additional 49,995 shares during the period. Geode Capital Management LLC lifted its stake in Getty Images by 5.6% in the 3rd quarter. Geode Capital Management LLC now owns 1,663,955 shares of the company’s stock worth $6,340,000 after acquiring an additional 88,533 shares in the last quarter. Finally, Franklin Resources Inc. purchased a new position in shares of Getty Images during the 3rd quarter valued at $221,000. 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.