Getty Images Holdings, Inc. (NYSE:GETY) Short Interest Down 9.0% in April

Getty Images Holdings, Inc. (NYSE:GETY) saw a large drop in short interest in the month of April. As of April 15th, there was short interest totalling 2,940,000 shares, a drop of 9.0% from the March 31st total of 3,230,000 shares. Based on an average trading volume of 423,500 shares, the days-to-cover ratio is currently 6.9 days. Approximately 1.6% of the shares of the company are sold short.

Insiders Place Their Bets

In other news, Director Chinh Chu sold 10,121 shares of Getty Images stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $4.00, for a total value of $40,484.00. Following the completion of the transaction, the director now owns 8,540,019 shares in the company, valued at $34,160,076. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Craig Warren Peters sold 155,515 shares of the company’s stock in a transaction on Monday, March 25th. The shares were sold at an average price of $4.41, for a total value of $685,821.15. Following the completion of the sale, the chief executive officer now owns 1,244,048 shares in the company, valued at approximately $5,486,251.68. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Chinh Chu sold 10,121 shares of the firm’s stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $4.00, for a total transaction of $40,484.00. Following the sale, the director now owns 8,540,019 shares in the company, valued at $34,160,076. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,267,352 shares of company stock worth $5,640,983. 13.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Getty Images

Several institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. purchased a new stake in Getty Images during the 3rd quarter valued at about $52,554,000. EULAV Asset Management lifted its position in shares of Getty Images by 37.5% during the 3rd quarter. EULAV Asset Management now owns 550,000 shares of the company’s stock valued at $3,570,000 after buying an additional 150,000 shares in the last quarter. Wolverine Asset Management LLC lifted its holdings in Getty Images by 124.0% during the third quarter. Wolverine Asset Management LLC now owns 135,961 shares of the company’s stock valued at $882,000 after purchasing an additional 75,255 shares in the last quarter. Bank of New York Mellon Corp bought a new position in Getty Images in the 3rd quarter worth $140,000. Finally, Kessler Investment Group LLC purchased a new stake in shares of Getty Images during the first quarter worth about $89,000. Hedge funds and other institutional investors own 45.75% of the company’s stock.

Getty Images Stock Performance

NYSE GETY traded up $0.02 on Monday, hitting $3.95. 261,688 shares of the stock traded hands, compared to its average volume of 385,556. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.84 and a current ratio of 0.84. The firm has a market capitalization of $1.61 billion, a price-to-earnings ratio of 98.63 and a beta of 2.12. Getty Images has a 12 month low of $3.65 and a 12 month high of $7.35. The business’s fifty day moving average is $4.35 and its two-hundred day moving average is $4.63.

Getty Images (NYSE:GETY) last issued its quarterly earnings data on Thursday, March 14th. The company reported $0.09 EPS for the quarter. The company had revenue of $225.94 million during the quarter, compared to analyst estimates of $227.00 million. Getty Images had a return on equity of 9.30% and a net margin of 2.11%. As a group, equities analysts anticipate that Getty Images will post 0.06 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Citigroup raised their price target on Getty Images from $5.50 to $6.00 and gave the company a “buy” rating in a report on Friday, March 15th. Benchmark boosted their price target on Getty Images from $7.00 to $8.00 and gave the company a “buy” rating in a research note on Friday, March 15th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $7.70 target price on shares of Getty Images in a report on Friday, March 15th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Getty Images presently has a consensus rating of “Moderate Buy” and a consensus target price of $6.35.

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.