Getty Images Holdings, Inc. (NYSE:GETY) Short Interest Up 60.4% in July

Getty Images Holdings, Inc. (NYSE:GETY) was the recipient of a large growth in short interest in July. As of July 15th, there was short interest totalling 7,090,000 shares, a growth of 60.4% from the June 30th total of 4,420,000 shares. Currently, 3.7% of the shares of the stock are sold short. Based on an average daily trading volume, of 752,200 shares, the short-interest ratio is presently 9.4 days.

Insider Buying and Selling at Getty Images

In other Getty Images news, CEO Craig Warren Peters sold 32,977 shares of the company’s stock in a transaction dated Tuesday, June 25th. The shares were sold at an average price of $3.23, for a total value of $106,515.71. Following the completion of the sale, the chief executive officer now directly owns 1,211,071 shares of the company’s stock, valued at approximately $3,911,759.33. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Getty Images news, VP Daine Marc Weston sold 10,227 shares of the company’s stock in a transaction dated Tuesday, June 25th. The shares were sold at an average price of $3.23, for a total value of $33,033.21. Following the completion of the sale, the vice president now directly owns 89,622 shares of the company’s stock, valued at approximately $289,479.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Craig Warren Peters sold 32,977 shares of the company’s stock in a transaction dated Tuesday, June 25th. The shares were sold at an average price of $3.23, for a total transaction of $106,515.71. Following the completion of the sale, the chief executive officer now directly owns 1,211,071 shares of the company’s stock, valued at $3,911,759.33. The disclosure for this sale can be found here. In the last three months, insiders sold 81,378 shares of company stock valued at $262,851. 12.30% of the stock is owned by insiders.

Institutional Trading of Getty Images

Several institutional investors have recently made changes to their positions in GETY. Byrne Asset Management LLC boosted its holdings in shares of Getty Images by 95.7% during the second quarter. Byrne Asset Management LLC now owns 9,200 shares of the company’s stock worth $29,000 after purchasing an additional 4,500 shares during the period. Natixis bought a new position in Getty Images during the first quarter valued at approximately $42,000. EntryPoint Capital LLC bought a new position in Getty Images during the first quarter valued at approximately $47,000. Nisa Investment Advisors LLC bought a new position in Getty Images during the second quarter valued at approximately $49,000. Finally, Kessler Investment Group LLC bought a new position in Getty Images during the first quarter valued at approximately $89,000. 45.75% of the stock is currently owned by institutional investors and hedge funds.

Getty Images Stock Performance

Shares of GETY opened at $3.75 on Monday. The company has a debt-to-equity ratio of 2.01, a current ratio of 0.86 and a quick ratio of 0.86. The stock has a market cap of $1.53 billion, a price-to-earnings ratio of 62.50 and a beta of 2.05. The company has a 50-day moving average of $3.52 and a two-hundred day moving average of $4.03. Getty Images has a one year low of $2.93 and a one year high of $7.35.

Getty Images (NYSE:GETY) last posted its quarterly earnings results on Thursday, May 9th. The company reported $0.01 EPS for the quarter, hitting the consensus estimate of $0.01. The business had revenue of $222.28 million during the quarter, compared to analysts’ expectations of $223.29 million. Getty Images had a net margin of 3.33% and a return on equity of 9.18%. On average, equities research analysts expect that Getty Images will post 0.13 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have commented on GETY shares. Wedbush reiterated an “outperform” rating and issued a $7.70 target price on shares of Getty Images in a report on Monday, May 6th. Benchmark decreased their target price on shares of Getty Images from $8.00 to $6.00 and set a “buy” rating for the company in a report on Friday, May 10th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $6.08.

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.