Vivid Seats (NASDAQ:SEAT) Stock Price Down 5.5% - Should You Sell?

Key Points

• Vivid Seats shares fell 5.5% to $4.68, with trading volume 53% above average. The stock remains well below its 50-day and 200-day moving averages of $6.90 and $7.09, respectively.
• Analyst sentiment is mixed but centers on a “Hold” consensus: two analysts rate the stock Buy, six Hold and two Sell, with an average price target of $10.27.
• The company reported a quarterly EPS loss of $1.30, missing expectations for a $1.02 loss, despite revenue of $129.86 million exceeding estimates. Vivid Seats continues to face steep losses, including a negative net margin of 60.26%.

Vivid Seats Inc. (NASDAQ:SEAT - Get Free Report) traded down 5.5% on Monday . The stock traded as low as $4.66 and last traded at $4.68. 106,065 shares changed hands during trading, an increase of 53% from the average session volume of 69,244 shares. The stock had previously closed at $4.95.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on SEAT. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $9.00 price objective (up from $8.00) on shares of Vivid Seats in a research note on Wednesday, August 5th. Wall Street Zen raised shares of Vivid Seats from a "sell" rating to a "hold" rating in a research report on Saturday, August 15th. Weiss Ratings restated a "sell (e+)" rating on shares of Vivid Seats in a report on Friday, September 4th. Morgan Stanley set a $9.25 price target on shares of Vivid Seats and gave the stock an "equal weight" rating in a research report on Wednesday, June 10th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a $7.50 price target (up from $7.00) on shares of Vivid Seats in a research note on Tuesday, August 25th. Two analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $10.27.

Vivid Seats Stock Performance

The firm has a market cap of $52.60 million, a PE ratio of -0.10 and a beta of 1.05. The stock has a fifty day moving average price of $6.90 and a 200-day moving average price of $7.09.

Vivid Seats (NASDAQ:SEAT - Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The company reported ($1.30) EPS for the quarter, missing the consensus estimate of ($1.02) by ($0.28). Vivid Seats had a negative net margin of 60.26% and a negative return on equity of 211.26%. The business had revenue of $129.86 million during the quarter, compared to analysts' expectations of $122.11 million. As a group, equities analysts predict that Vivid Seats Inc. will post -4.42 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Great Lakes Advisors LLC bought a new position in shares of Vivid Seats during the second quarter valued at approximately $68,000. Bank of America Corp DE lifted its holdings in shares of Vivid Seats by 40.2% in the 1st quarter. Bank of America Corp DE now owns 94,489 shares of the company's stock worth $558,000 after purchasing an additional 27,088 shares during the last quarter. Quantinno Capital Management LP boosted its position in Vivid Seats by 96.8% during the 1st quarter. Quantinno Capital Management LP now owns 128,401 shares of the company's stock valued at $759,000 after purchasing an additional 63,161 shares during the period. Finally, Whetstone Capital Advisors LLC acquired a new position in Vivid Seats during the 4th quarter valued at approximately $595,000. 39.92% of the stock is currently owned by institutional investors.

Vivid Seats Company Profile

Vivid Seats, traded on NASDAQ under the ticker SEAT, operates an online ticket marketplace that connects buyers and sellers of live event tickets. The company specializes in facilitating purchases for sports games, concerts, theater productions and other entertainment experiences. Through its digital platform and mobile application, Vivid Seats offers real-time access to available tickets, transparent pricing and a 100% Buyer Guarantee, which ensures ticket authenticity and timely delivery.

Founded in 2001 and headquartered in Chicago, Illinois, Vivid Seats has grown from a regional reseller into one of North America's leading ticket marketplaces.

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