Getty Images Holdings, Inc. (NYSE:GETY) Short Interest Update

Getty Images Holdings, Inc. (NYSE:GETY - Get Free Report) was the recipient of a significant decline in short interest during the month of October. As of October 31st, there was short interest totalling 6,300,000 shares, a decline of 5.1% from the October 15th total of 6,640,000 shares. Approximately 3.3% of the shares of the company are sold short. Based on an average trading volume of 299,600 shares, the short-interest ratio is presently 21.0 days.

Getty Images Stock Down 6.1 %

Shares of GETY stock traded down $0.19 on Monday, hitting $2.91. The stock had a trading volume of 400,280 shares, compared to its average volume of 480,846. The stock has a market cap of $1.20 billion, a price-to-earnings ratio of 25.83 and a beta of 2.02. The company has a debt-to-equity ratio of 1.84, a current ratio of 0.79 and a quick ratio of 0.79. The business has a 50 day moving average of $3.75 and a 200 day moving average of $3.62. Getty Images has a 12-month low of $2.88 and a 12-month high of $5.77.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Benchmark reiterated a "buy" rating and issued a $6.00 price objective on shares of Getty Images in a research note on Tuesday, August 13th. Macquarie increased their price objective on shares of Getty Images from $3.50 to $3.75 and gave the company a "neutral" rating in a research note on Wednesday, November 13th. Finally, Citigroup reduced their target price on shares of Getty Images from $6.00 to $5.00 and set a "buy" rating on the stock in a research note on Tuesday, August 13th.

Insider Activity at Getty Images

In other Getty Images news, Director Chinh Chu sold 17,122 shares of the stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $4.01, for a total transaction of $68,659.22. Following the transaction, the director now owns 9,846,814 shares of the company's stock, valued at $39,485,724.14. This trade represents a 0.17 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, General Counsel Kjelti Wilkes Kellough sold 8,070 shares of Getty Images stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $3.61, for a total transaction of $29,132.70. Following the transaction, the general counsel now owns 258,630 shares in the company, valued at $933,654.30. The trade was a 3.03 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 169,427 shares of company stock valued at $652,130 over the last ninety days. Insiders own 12.30% of the company's stock.

Institutional Investors Weigh In On Getty Images

A number of large investors have recently added to or reduced their stakes in the company. Natixis bought a new stake in Getty Images during the 1st quarter valued at approximately $42,000. EntryPoint Capital LLC bought a new stake in shares of Getty Images in the 1st quarter worth approximately $47,000. Kessler Investment Group LLC boosted its position in shares of Getty Images by 47.6% in the 2nd quarter. Kessler Investment Group LLC now owns 31,580 shares of the company's stock worth $103,000 after purchasing an additional 10,178 shares in the last quarter. Nisa Investment Advisors LLC bought a new stake in shares of Getty Images in the 2nd quarter worth approximately $49,000. Finally, Ninety One UK Ltd bought a new stake in shares of Getty Images in the 2nd quarter worth approximately $583,000. Hedge funds and other institutional investors own 45.75% of the company's stock.

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.