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

Getty Images Holdings, Inc. (NYSE:GETY) was the target of a significant decrease in short interest in the month of February. As of February 15th, there was short interest totalling 7,600,000 shares, a decrease of 27.8% from the January 31st total of 10,530,000 shares. Based on an average daily trading volume, of 2,570,000 shares, the short-interest ratio is presently 3.0 days. Approximately 6.7% of the company’s shares are short sold.

Wall Street Analysts Forecast Growth

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

Getty Images Stock Performance

Getty Images stock traded up $0.04 during midday trading on Wednesday, reaching $2.03. 730,328 shares of the company’s stock were exchanged, compared to its average volume of 3,719,953. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.79 and a current ratio of 0.79. The stock’s 50-day simple moving average is $2.49 and its 200 day simple moving average is $3.09. The firm has a market cap of $832.43 million, a price-to-earnings ratio of 16.88 and a beta of 1.95. Getty Images has a 52 week low of $1.90 and a 52 week high of $5.77.

Insider Activity at Getty Images

In other news, CEO Craig Warren Peters sold 32,753 shares of Getty Images stock in a transaction on Tuesday, December 24th. The shares were sold at an average price of $2.20, for a total transaction 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 $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 SEC, which is available through this hyperlink. Also, CFO Jennifer Leyden sold 12,342 shares of the company’s stock in a transaction on Tuesday, December 24th. The shares were sold at an average price of $2.20, for a total transaction of $27,152.40. Following the completion of the sale, the chief financial officer now owns 261,034 shares of the company’s stock, valued at approximately $574,274.80. This represents a 4.51 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 70,521 shares of company stock worth $155,146 over the last ninety days. Company insiders own 12.30% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in GETY. Koch Inc. acquired a new position in shares of Getty Images in the fourth quarter valued at $183,865,000. Toronto Dominion Bank acquired a new position in Getty Images in the 4th quarter valued at about $3,553,000. Vanguard Group Inc. raised its holdings in 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 acquiring an additional 698,829 shares during the period. State Street Corp lifted its position in Getty Images by 46.3% during 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 last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Getty Images by 71.2% during the fourth quarter. Bank of New York Mellon Corp now owns 352,388 shares of the company’s stock worth $761,000 after acquiring an additional 146,576 shares during the period. 45.75% of the stock is owned by institutional investors and hedge funds.

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.