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

Getty Images Holdings, Inc. (NYSE:GETY - Get Free Report) was the target of a significant increase in short interest in 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. Currently, 7.1% of the company's shares are short sold. Based on an average daily trading volume, of 2,780,000 shares, the days-to-cover ratio is presently 2.9 days.

Analyst Ratings Changes

GETY has been the subject of several recent analyst reports. Citigroup restated a "neutral" rating and issued a $2.45 price target on shares of Getty Images in a report on Monday, March 24th. Macquarie reaffirmed a "neutral" rating and set a $3.75 price target on shares of Getty Images in a research report on Wednesday, January 8th. Benchmark decreased their price target on shares of Getty Images from $6.00 to $4.50 and set a "buy" rating on the stock in a report on Tuesday, March 18th. Finally, Wedbush restated an "outperform" rating and set a $7.70 price objective on shares of Getty Images in a report on Thursday, March 13th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat, Getty Images presently has a consensus rating of "Hold" and a consensus target price of $4.60.

Getty Images Trading Up 1.9 %

GETY traded up $0.04 during trading on Friday, hitting $1.89. 124,215 shares of the company's stock were exchanged, compared to its average volume of 2,520,567. Getty Images has a 1 year low of $1.25 and a 1 year high of $4.49. The stock has a 50 day moving average price of $1.92 and a 200 day moving average price of $2.63. The firm has a market cap of $777.69 million, a P/E ratio of 15.71 and a beta of 2.00. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.84.

Getty Images (NYSE:GETY - Get Free Report) last announced its quarterly earnings results on Monday, March 17th. The company reported ($0.01) earnings per share for the quarter, missing analysts' consensus estimates of $0.04 by ($0.05). The business had revenue of $247.30 million for the quarter, compared to analysts' expectations of $245.50 million. Getty Images had a return on equity of 6.42% and a net margin of 5.91%. The firm's revenue for the quarter was up 9.5% on a year-over-year basis. As a group, analysts expect that Getty Images will post 0.08 EPS for the current fiscal year.

Insider Transactions at Getty Images

In other Getty Images news, SVP Cho Mikael sold 18,590 shares of Getty Images stock in a transaction that occurred on Tuesday, March 25th. The shares were sold at an average price of $2.12, for a total value of $39,410.80. Following the completion of the sale, the senior vice president now directly owns 123,862 shares of the company's stock, valued at approximately $262,587.44. The trade was a 13.05 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CMO Gene Foca sold 23,475 shares of the business's stock in a transaction on Tuesday, March 25th. The shares were sold at an average price of $2.12, for a total value of $49,767.00. Following the completion of the transaction, the chief marketing officer now owns 468,943 shares of the company's stock, valued at $994,159.16. This trade represents a 4.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 226,668 shares of company stock worth $480,536 over the last ninety days. 12.30% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Getty Images

Several hedge funds have recently modified their holdings of the stock. BNP Paribas Financial Markets purchased a new position in Getty Images in the 4th quarter worth approximately $27,000. Aristeia Capital L.L.C. acquired a new position in shares of Getty Images during the fourth quarter worth $28,000. Ameriprise Financial Inc. purchased a new position in shares of Getty Images in the fourth quarter valued at $28,000. Virtu Financial LLC acquired a new stake in Getty Images during the 4th quarter valued at $33,000. Finally, Oxford Asset Management LLP purchased a new stake in Getty Images during the 4th quarter worth $33,000. 45.75% of the stock is currently owned by hedge funds and other institutional investors.

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.