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

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

Analyst Ratings Changes

GETY has been the topic of several research reports. Wedbush reaffirmed an "outperform" rating and set a $7.70 price objective on shares of Getty Images in a report on Tuesday, January 7th. JPMorgan Chase & Co. reaffirmed an "underweight" rating on shares of Getty Images in a report on Wednesday, December 18th. Macquarie reaffirmed a "neutral" rating and set a $3.75 price objective on shares of Getty Images in a report on Wednesday, January 8th. Finally, Benchmark reaffirmed a "buy" rating and set a $6.00 price objective on shares of Getty Images in a report on Friday, January 10th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $5.61.

Insider Activity

In other Getty Images news, CFO Jennifer Leyden sold 12,342 shares of the firm's stock in a transaction on Tuesday, December 24th. The stock was sold at an average price of $2.20, for a total value of $27,152.40. Following the sale, the chief financial officer now directly owns 261,034 shares in the company, valued at $574,274.80. This trade represents a 4.51 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Craig Warren Peters sold 32,753 shares of the firm's stock in a transaction on Tuesday, December 24th. The shares were sold at an average price of $2.20, for a total value of $72,056.60. Following the completion of the sale, the chief executive officer now owns 1,212,648 shares in the company, valued at approximately $2,667,825.60. This represents a 2.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 70,521 shares of company stock worth $155,146. Corporate insiders own 12.30% of the company's stock.

Hedge Funds Weigh In On Getty Images

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Koch Inc. purchased a new position in shares of Getty Images during the fourth quarter worth about $174,385,000. Toronto Dominion Bank purchased a new stake in Getty Images in the 4th quarter valued at approximately $3,553,000. Wexford Capital LP purchased a new stake in Getty Images in the 4th quarter valued at approximately $80,000. ProShare Advisors LLC boosted its holdings in Getty Images by 49.0% in the 4th quarter. ProShare Advisors LLC now owns 28,255 shares of the company's stock valued at $61,000 after purchasing an additional 9,297 shares in the last quarter. Finally, Occudo Quantitative Strategies LP purchased a new stake in Getty Images in the 4th quarter valued at approximately $168,000. Hedge funds and other institutional investors own 45.75% of the company's stock.

Getty Images Stock Performance

Shares of NYSE GETY traded down $0.12 during midday trading on Monday, reaching $2.02. 1,695,537 shares of the company were exchanged, compared to its average volume of 3,871,481. 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 has a 1 year low of $1.97 and a 1 year high of $5.77. The stock has a fifty day simple moving average of $2.50 and a 200 day simple moving average of $3.10. The stock has a market cap of $830.37 million, a P/E ratio of 16.83 and a beta of 1.95.

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.