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

Getty Images Holdings, Inc. (NYSE:GETY) saw a significant decline in short interest during the month of 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 short-interest ratio is presently 4.5 days. Approximately 3.3% of the company’s stock are short sold. Approximately 3.3% of the company’s stock are short sold. Based on an average daily trading volume, of 2,742,108 shares, the short-interest ratio is presently 4.5 days.

Insider Activity

In other Getty Images news, major shareholder Neuberger Berman Group Llc sold 3,470,917 shares of the company’s stock in a transaction that occurred on Friday, October 31st. The stock was 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 represents a 4.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Craig Warren Peters sold 31,298 shares of Getty Images stock in a transaction that occurred on Wednesday, December 24th. The shares were sold at an average price of $1.27, for a total transaction of $39,748.46. Following the completion of the transaction, the chief executive officer directly owned 1,215,438 shares in the company, valued at approximately $1,543,606.26. This represents a 2.51% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 3,610,314 shares of company stock valued at $8,107,297. 11.20% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of GETY. State of Alaska Department of Revenue acquired a new stake in Getty Images during the third quarter worth $25,000. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Getty Images by 47.2% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 15,870 shares of the company’s stock worth $33,000 after acquiring an additional 5,089 shares during the period. Catalyst Funds Management Pty Ltd acquired a new stake in shares of Getty Images during the 2nd quarter valued at about $30,000. Cerity Partners LLC bought a new stake in Getty Images in the second quarter valued at about $32,000. Finally, Savant Capital LLC acquired a new position in Getty Images in the third quarter worth about $40,000. 45.75% of the stock is currently owned by institutional investors and hedge funds.

Getty Images Stock Performance

NYSE:GETY opened at $1.31 on Tuesday. The firm’s 50-day moving average is $1.41 and its 200-day moving average is $1.74. The company has a market cap of $544.78 million, a price-to-earnings ratio of -5.95 and a beta of 2.06. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.71 and a current ratio of 0.71. Getty Images has a 52-week low of $1.20 and a 52-week high of $3.21.

Getty Images (NYSE:GETY) last released its earnings results on Monday, November 10th. The company reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.01. The business had revenue of $240.04 million for 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 revenue for the quarter was down .2% compared to the same quarter last year. During the same period last year, the business earned ($0.01) earnings per share. Equities research analysts anticipate that Getty Images will post 0.08 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on GETY. Weiss Ratings reiterated a “sell (d)” rating on shares of Getty Images in a report on Wednesday, October 8th. Zacks Research upgraded Getty Images from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 15th. Finally, Wedbush reissued an “outperform” rating and set a $7.00 price objective on shares of Getty Images in a research report on Friday, October 31st. One equities research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $4.12.

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.