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

Getty Images Holdings, Inc. (NYSE:GETY) was the recipient of a significant decrease in short interest in November. As of November 30th, there was short interest totalling 5,930,000 shares, a decrease of 7.9% from the November 15th total of 6,440,000 shares. Based on an average trading volume of 369,800 shares, the days-to-cover ratio is presently 16.0 days. Currently, 3.1% of the shares of the stock are short sold.

Insiders Place Their Bets

In other news, major shareholder Neuberger Berman Group Llc sold 4,100,000 shares of Getty Images stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $2.46, for a total transaction of $10,086,000.00. Following the completion of the sale, the insider now directly owns 74,175,262 shares in the company, valued at approximately $182,471,144.52. This trade represents a 5.24 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Craig Warren Peters sold 32,170 shares of the company’s stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $3.61, for a total value of $116,133.70. Following the completion of the sale, the chief executive officer now owns 1,245,401 shares in the company, valued at approximately $4,495,897.61. This represents a 2.52 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 4,269,927 shares of company stock worth $10,739,630. 12.30% of the stock is owned by corporate insiders.

Institutional Trading of Getty Images

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GETY. Nisa Investment Advisors LLC purchased a new stake in Getty Images in the second quarter valued at approximately $49,000. Ninety One UK Ltd purchased a new position in shares of Getty Images in the 2nd quarter worth $583,000. Byrne Asset Management LLC boosted its holdings in Getty Images by 95.7% in the second quarter. Byrne Asset Management LLC now owns 9,200 shares of the company’s stock valued at $29,000 after acquiring an additional 4,500 shares during the last quarter. Bank of New York Mellon Corp purchased a new stake in Getty Images during the second quarter valued at about $910,000. Finally, Principal Financial Group Inc. acquired a new stake in Getty Images during the second quarter worth about $44,000. Hedge funds and other institutional investors own 45.75% of the company’s stock.

Analysts Set New Price Targets

Separately, 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.

Getty Images Price Performance

GETY stock opened at $2.57 on Wednesday. The stock has a market capitalization of $1.06 billion, a price-to-earnings ratio of 21.42 and a beta of 1.86. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 1.84. Getty Images has a 52-week low of $2.54 and a 52-week high of $5.77. The stock’s fifty day simple moving average is $3.40 and its 200-day simple moving average is $3.48.

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.