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

Getty Images Holdings, Inc. (NYSE:GETY) saw a large decline in short interest in 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 shares of the company are short sold. Based on an average trading volume of 2,570,000 shares, the days-to-cover ratio is currently 3.0 days.

Analysts Set New Price Targets

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

Insiders Place Their Bets

In related news, CFO Jennifer Leyden sold 12,342 shares of the business’s stock in a transaction that occurred on Tuesday, December 24th. The stock was sold at an average price of $2.20, for a total transaction of $27,152.40. Following the sale, the chief financial officer now owns 261,034 shares of the company’s stock, valued at $574,274.80. The trade was a 4.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Craig Warren Peters sold 32,753 shares of the stock in a transaction on Tuesday, December 24th. The shares were sold at an average price of $2.20, for a total value of $72,056.60. Following the transaction, the chief executive officer now directly owns 1,212,648 shares of the company’s stock, valued at approximately $2,667,825.60. The trade was a 2.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 70,521 shares of company stock worth $155,146. 12.30% of the stock is owned by company insiders.

Institutional Investors Weigh In On Getty Images

Large investors have recently made changes to their positions in the company. Intech Investment Management LLC acquired a new stake in Getty Images during the 3rd quarter valued at $44,000. BNP Paribas Financial Markets purchased a new position in shares of Getty Images during the fourth quarter valued at $27,000. Aigen Investment Management LP acquired a new position in Getty Images during the third quarter valued at $48,000. Aristeia Capital L.L.C. purchased a new stake in Getty Images in the 4th quarter worth about $28,000. Finally, Ameriprise Financial Inc. acquired a new stake in Getty Images during the 4th quarter worth about $28,000. Institutional investors and hedge funds own 45.75% of the company’s stock.

Getty Images Trading Down 4.9 %

GETY stock traded down $0.11 during mid-day trading on Monday, reaching $2.04. 301,144 shares of the stock traded hands, compared to its average volume of 3,836,280. Getty Images has a 52-week low of $2.03 and a 52-week high of $5.77. The stock’s fifty day moving average is $2.50 and its 200-day moving average is $3.11. The company has a market cap of $836.54 million, a P/E ratio of 16.96 and a beta of 1.95. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.84.

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.