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

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

Insider Buying and Selling

In related news, CAO Chris Hoel sold 32,663 shares of the company’s stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $5.00, for a total value of $163,315.00. Following the transaction, the chief accounting officer now directly owns 53,626 shares in the company, valued at $268,130. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Getty Images news, Director Chinh Chu sold 10,121 shares of Getty Images stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $4.00, for a total transaction of $40,484.00. Following the completion of the sale, the director now owns 8,540,019 shares of the company’s stock, valued at $34,160,076. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Chris Hoel sold 32,663 shares of the firm’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $5.00, for a total value of $163,315.00. Following the transaction, the chief accounting officer now directly owns 53,626 shares in the company, valued at $268,130. The disclosure for this sale can be found here. Insiders sold a total of 1,267,352 shares of company stock worth $5,640,983 over the last ninety days. 13.00% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Kessler Investment Group LLC purchased a new stake in shares of Getty Images in the 1st quarter worth approximately $89,000. Victory Capital Management Inc. increased its holdings in shares of Getty Images by 20.4% in the 4th quarter. Victory Capital Management Inc. now owns 25,309 shares of the company’s stock valued at $133,000 after acquiring an additional 4,281 shares during the period. Vanguard Group Inc. bought a new position in shares of Getty Images in the 3rd quarter worth $52,554,000. EULAV Asset Management lifted its stake 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 worth $3,570,000 after purchasing an additional 150,000 shares during the last quarter. Finally, Corton Capital Inc. boosted its position in Getty Images by 49.3% during the third quarter. Corton Capital Inc. now owns 16,864 shares of the company’s stock valued at $109,000 after purchasing an additional 5,571 shares in the last quarter. Institutional investors own 45.75% of the company’s stock.

Getty Images Price Performance

Shares of NYSE GETY traded up $0.02 during mid-day trading on Monday, hitting $3.95. 261,688 shares of the company’s stock traded hands, compared to its average volume of 385,556. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.84 and a quick ratio of 0.84. Getty Images has a 1 year low of $3.65 and a 1 year high of $7.35. The company’s 50-day moving average is $4.35 and its two-hundred day moving average is $4.63. The company has a market capitalization of $1.61 billion, a P/E ratio of 98.63 and a beta of 2.12.

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

Analysts Set New Price Targets

GETY has been the subject of a number of research analyst reports. Benchmark raised their price target on Getty Images from $7.00 to $8.00 and gave the stock a “buy” rating in a research note on Friday, March 15th. Citigroup boosted their price target on Getty Images from $5.50 to $6.00 and gave the stock a “buy” rating in a research report on Friday, March 15th. Finally, Wedbush reissued an “outperform” rating and issued a $7.70 target price on shares of Getty Images in a research note on Friday, March 15th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, Getty Images currently has an average rating of “Moderate Buy” and a consensus price target of $6.35.

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.