Getty Images Holdings, Inc. (NYSE:GETY) Sees Large Increase in Short Interest

Getty Images Holdings, Inc. (NYSE:GETY) saw a significant increase in short interest during 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 short-interest ratio is presently 2.9 days. Currently, 7.1% of the company’s shares are sold short.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on GETY shares. Citigroup reaffirmed a “neutral” rating and issued a $2.45 price objective on shares of Getty Images in a research note on Monday, March 24th. Wedbush reissued an “outperform” rating and issued a $7.70 price objective on shares of Getty Images in a research note on Thursday, March 13th. Macquarie reaffirmed a “neutral” rating and set a $3.75 target price on shares of Getty Images in a research note on Wednesday, January 8th. Finally, Benchmark lowered their target price on Getty Images from $6.00 to $4.50 and set a “buy” rating for the company in a report 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 assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $4.60.

Insider Transactions at Getty Images

In other Getty Images news, SVP Cho Mikael sold 18,590 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 value of $39,410.80. Following the sale, the senior vice president now owns 123,862 shares in the company, valued at approximately $262,587.44. The trade was a 13.05 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CTO Nathaniel Gandert sold 15,859 shares of the firm’s stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of $2.12, for a total value of $33,621.08. Following the transaction, the chief technology officer now owns 534,377 shares of the company’s stock, valued at $1,132,879.24. This trade represents a 2.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 226,668 shares of company stock worth $480,536. Insiders own 12.30% of the company’s stock.

Institutional Trading of Getty Images

Hedge funds and other institutional investors have recently bought and sold shares of the stock. BNP Paribas Financial Markets purchased a new stake in Getty Images during the 4th quarter valued at $27,000. Aristeia Capital L.L.C. purchased a new position in Getty Images during the 4th quarter valued at about $28,000. Ameriprise Financial Inc. bought a new position in Getty Images during the 4th quarter valued at approximately $28,000. Virtu Financial LLC bought a new stake in shares of Getty Images in the 4th quarter worth approximately $33,000. Finally, Oxford Asset Management LLP bought a new position in shares of Getty Images during the fourth quarter valued at approximately $33,000. Institutional investors own 45.75% of the company’s stock.

Getty Images Price Performance

Shares of NYSE GETY opened at $1.81 on Tuesday. The firm has a market capitalization of $744.69 million, a P/E ratio of 15.04 and a beta of 2.00. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 1.84. The stock’s 50-day simple moving average is $1.97 and its two-hundred day simple moving average is $2.65. Getty Images has a twelve month low of $1.25 and a twelve month high of $4.49.

Getty Images (NYSE:GETY) last announced its quarterly earnings data on Monday, March 17th. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.04 by ($0.05). The firm had revenue of $247.30 million for the quarter, compared to the consensus estimate 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% on a year-over-year basis. As a group, equities analysts anticipate that Getty Images will post 0.08 EPS for the current fiscal 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.