Getty Images Holdings, Inc. (NYSE:GETY) Short Interest Up 60.4% in July

Getty Images Holdings, Inc. (NYSE:GETY) was the recipient of a large growth in short interest during the month of July. As of July 15th, there was short interest totalling 7,090,000 shares, a growth of 60.4% from the June 30th total of 4,420,000 shares. Based on an average daily volume of 752,200 shares, the days-to-cover ratio is presently 9.4 days. Currently, 3.7% of the company’s shares are short sold.

Insiders Place Their Bets

In other Getty Images news, General Counsel Kjelti Wilkes Kellough sold 8,273 shares of the business’s stock in a transaction dated Tuesday, June 25th. The stock was sold at an average price of $3.23, for a total transaction of $26,721.79. Following the completion of the sale, the general counsel now directly owns 246,750 shares of the company’s stock, valued at approximately $797,002.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Craig Warren Peters sold 32,977 shares of the company’s stock in a transaction dated Tuesday, June 25th. The stock was sold at an average price of $3.23, for a total value of $106,515.71. Following the completion of the sale, the chief executive officer now directly owns 1,211,071 shares of the company’s stock, valued at approximately $3,911,759.33. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, General Counsel Kjelti Wilkes Kellough sold 8,273 shares of the company’s stock in a transaction dated Tuesday, June 25th. The shares were sold at an average price of $3.23, for a total value of $26,721.79. Following the completion of the sale, the general counsel now directly owns 246,750 shares of the company’s stock, valued at $797,002.50. The disclosure for this sale can be found here. In the last three months, insiders sold 81,378 shares of company stock valued at $262,851. 12.30% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Getty Images

A number of large investors have recently bought and sold shares of the company. Vanguard Group Inc. acquired a new stake in shares of Getty Images in the 3rd quarter valued at approximately $52,554,000. Bank of New York Mellon Corp acquired a new stake in shares of Getty Images in the 2nd quarter valued at approximately $910,000. Ninety One UK Ltd acquired a new stake in shares of Getty Images in the 2nd quarter valued at approximately $583,000. Fifth Lane Capital LP acquired a new stake in shares of Getty Images in the 1st quarter valued at approximately $104,000. Finally, Kessler Investment Group LLC acquired a new stake in shares of Getty Images in the 1st quarter valued at approximately $89,000. Institutional investors and hedge funds own 45.75% of the company’s stock.

Getty Images Trading Down 0.8 %

NYSE:GETY opened at $3.75 on Monday. Getty Images has a twelve month low of $2.93 and a twelve month high of $7.35. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 2.01. The business has a 50 day moving average price of $3.52 and a two-hundred day moving average price of $4.03. The company has a market cap of $1.53 billion, a P/E ratio of 62.50 and a beta of 2.05.

Getty Images (NYSE:GETY) last released its quarterly earnings results on Thursday, May 9th. The company reported $0.01 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.01. Getty Images had a return on equity of 9.18% and a net margin of 3.33%. The firm had revenue of $222.28 million during the quarter, compared to the consensus estimate of $223.29 million. As a group, analysts expect that Getty Images will post 0.13 EPS for the current fiscal year.

Wall Street Analyst Weigh In

GETY has been the subject of several research analyst reports. Wedbush reiterated an “outperform” rating and issued a $7.70 price objective on shares of Getty Images in a research report on Monday, May 6th. Benchmark decreased their price objective on Getty Images from $8.00 to $6.00 and set a “buy” rating for the company in a research report on Friday, May 10th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Getty Images currently has a consensus rating of “Moderate Buy” and a consensus price target of $6.08.

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.