Short Interest in Getty Images Holdings, Inc. (NYSE:GETY) Drops By 17.1%

Getty Images Holdings, Inc. (NYSE:GETY) was the recipient of a significant decline in short interest in December. As of December 31st, there was short interest totaling 12,233,008 shares, a decline of 17.1% from the December 15th total of 14,752,035 shares. Based on an average daily trading volume, of 2,742,108 shares, the days-to-cover ratio is presently 4.5 days. Approximately 3.3% of the shares of the stock are short sold. Approximately 3.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 2,742,108 shares, the days-to-cover ratio is presently 4.5 days.

Getty Images Trading Down 2.7%

Shares of GETY opened at $1.27 on Wednesday. Getty Images has a twelve month low of $1.20 and a twelve month high of $3.21. The firm has a market capitalization of $526.06 million, a P/E ratio of -5.75 and a beta of 2.06. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 1.96. The stock’s fifty day simple moving average is $1.40 and its 200 day simple moving average is $1.74.

Getty Images (NYSE:GETY) last posted its quarterly earnings results on Monday, November 10th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.01. The firm had revenue of $240.04 million during the quarter, compared to the consensus estimate of $239.98 million. Getty Images had a negative return on equity of 11.38% and a negative net margin of 9.60%.The firm’s quarterly revenue was down .2% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.01) earnings per share. On average, equities research analysts forecast that Getty Images will post 0.08 earnings per share for the current year.

Wall Street Analyst Weigh In

GETY has been the subject of a number of analyst reports. Zacks Research raised Getty Images from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 15th. Weiss Ratings reissued a “sell (d)” rating on shares of Getty Images in a research note on Wednesday, October 8th. Finally, Wedbush restated an “outperform” rating and set a $7.00 price objective on shares of Getty Images in a report on Friday, October 31st. One equities research analyst has rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $4.12.

Insiders Place Their Bets

In other news, CEO Craig Warren Peters sold 31,298 shares of the stock in a transaction dated Wednesday, December 24th. The shares were sold at an average price of $1.27, for a total value of $39,748.46. Following the completion of the transaction, the chief executive officer owned 1,215,438 shares in the company, valued at $1,543,606.26. This trade represents a 2.51% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Neuberger Berman Group Llc sold 3,470,917 shares of the firm’s stock in a transaction dated Friday, October 31st. The shares were sold at an average price of $2.27, for a total transaction of $7,878,981.59. Following the completion of the sale, the insider owned 70,641,345 shares of the company’s stock, valued at $160,355,853.15. This trade represents a 4.68% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 3,610,314 shares of company stock worth $8,107,297 in the last ninety days. 11.20% of the stock is currently owned by corporate insiders.

Institutional Trading of Getty Images

A number of institutional investors and hedge funds have recently bought and sold shares of the business. AQR Capital Management LLC raised its holdings in Getty Images by 1,201.6% in the first quarter. AQR Capital Management LLC now owns 275,296 shares of the company’s stock valued at $476,000 after buying an additional 254,146 shares during the period. Vanguard Personalized Indexing Management LLC increased its position in shares of Getty Images by 228.2% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 34,798 shares of the company’s stock worth $58,000 after acquiring an additional 24,195 shares in the last quarter. Ground Swell Capital LLC purchased a new position in shares of Getty Images in the 2nd quarter valued at $47,000. Wolverine Asset Management LLC raised its stake in shares of Getty Images by 30.4% in the 2nd quarter. Wolverine Asset Management LLC now owns 150,127 shares of the company’s stock valued at $249,000 after acquiring an additional 35,000 shares during the period. Finally, GAM Holding AG acquired a new position in shares of Getty Images during the 2nd quarter valued at $124,000. Institutional investors and hedge funds own 45.75% of the company’s stock.

About Getty Images

Getty Images (NYSE: GETY) is a leading global provider of digital visual content, offering an extensive library of stock photography, editorial imagery, video footage and music. The company supplies creative and rights-managed assets to a broad range of industries, including advertising, media, corporate communications and publishing. Through its online platform and licensing services, Getty Images enables customers to search, license and download multimedia content for commercial and editorial use.

Founded in 1995 by Mark Getty and Jonathan Klein, Getty Images pioneered the aggregation of photographic archives into a centralized, digital marketplace.