Short Interest in Getty Images Holdings, Inc. (NYSE:GETY) Declines By 27.8%

Getty Images Holdings, Inc. (NYSE:GETY) was the recipient of a large decline in short interest in 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. Based on an average trading volume of 2,570,000 shares, the short-interest ratio is presently 3.0 days. Currently, 6.7% of the shares of the stock are short sold.

Analyst Ratings Changes

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

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 value of $72,056.60. Following the transaction, the chief executive officer now owns 1,212,648 shares in the company, valued at approximately $2,667,825.60. This trade represents a 2.63 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Jennifer Leyden sold 12,342 shares of the company’s stock in a transaction dated 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 directly owns 261,034 shares of the company’s stock, valued at $574,274.80. This represents a 4.51 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 70,521 shares of company stock valued at $155,146 in the last three months. Corporate insiders own 12.30% of the company’s stock.

Hedge Funds Weigh In On Getty Images

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Koch Inc. bought a new stake in shares of Getty Images in the fourth quarter worth $183,865,000. Vanguard Group Inc. grew its position in shares of 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 buying an additional 698,829 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Getty Images by 0.7% in the fourth quarter. Geode Capital Management LLC now owns 1,675,635 shares of the company’s stock valued at $3,620,000 after buying an additional 11,680 shares during the period. Toronto Dominion Bank bought a new position in shares of Getty Images during the fourth quarter worth about $3,553,000. Finally, State Street Corp lifted its stake 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 worth $5,617,000 after acquiring an additional 466,521 shares during the period. 45.75% of the stock is currently owned by institutional investors and hedge funds.

Getty Images Trading Up 1.8 %

Shares of Getty Images stock traded up $0.04 on Wednesday, hitting $2.03. The stock had a trading volume of 730,328 shares, compared to its average volume of 3,719,953. The stock has a 50 day moving average of $2.49 and a 200 day moving average of $3.09. 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 has a twelve month low of $1.90 and a twelve month high of $5.77. The firm has a market capitalization of $832.43 million, a P/E ratio of 16.88 and a beta of 1.95.

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.