Traders Purchase Large Volume of Call Options on Vivid Seats (NASDAQ:SEAT)

Vivid Seats Inc. (NASDAQ:SEAT - Get Free Report) saw unusually large options trading activity on Wednesday. Traders bought 4,062 call options on the stock. This is an increase of 119% compared to the average daily volume of 1,853 call options.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Benchmark dropped their target price on shares of Vivid Seats from $6.00 to $3.00 and set a "buy" rating on the stock in a research note on Wednesday. Raymond James downgraded shares of Vivid Seats from a "moderate buy" rating to a "hold" rating in a research note on Thursday, March 13th. William Blair lowered Vivid Seats from an "outperform" rating to a "market perform" rating in a research note on Tuesday. Canaccord Genuity Group dropped their price objective on shares of Vivid Seats from $5.00 to $4.00 and set a "buy" rating on the stock in a report on Wednesday. Finally, Royal Bank of Canada reduced their price target on shares of Vivid Seats from $4.00 to $2.00 and set a "sector perform" rating for the company in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $4.49.

Vivid Seats Price Performance

SEAT stock traded down $0.04 during midday trading on Friday, hitting $1.79. 1,812,672 shares of the stock were exchanged, compared to its average volume of 1,464,916. Vivid Seats has a fifty-two week low of $1.66 and a fifty-two week high of $5.90. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.74 and a current ratio of 0.79. The stock's 50-day moving average price is $2.78 and its 200-day moving average price is $3.61.

Vivid Seats (NASDAQ:SEAT - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.03). The firm had revenue of $164.02 million for the quarter, compared to analyst estimates of $169.99 million. Vivid Seats had a return on equity of 21.29% and a net margin of 4.56%. As a group, research analysts forecast that Vivid Seats will post 0.12 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of SEAT. Barclays PLC boosted its stake in shares of Vivid Seats by 353.2% during the 3rd quarter. Barclays PLC now owns 125,163 shares of the company's stock valued at $462,000 after buying an additional 97,546 shares during the last quarter. SG Americas Securities LLC grew its position in shares of Vivid Seats by 8.5% during the fourth quarter. SG Americas Securities LLC now owns 37,065 shares of the company's stock worth $172,000 after acquiring an additional 2,909 shares during the last quarter. Exchange Traded Concepts LLC increased its stake in shares of Vivid Seats by 23.9% in the fourth quarter. Exchange Traded Concepts LLC now owns 123,412 shares of the company's stock valued at $571,000 after purchasing an additional 23,844 shares during the period. Emeth Value Capital LLC bought a new position in Vivid Seats in the 4th quarter worth approximately $23,250,000. Finally, Stratos Wealth Partners LTD. acquired a new position in shares of Vivid Seats during the fourth quarter valued at $46,000. 39.92% of the stock is owned by institutional investors and hedge funds.

Vivid Seats Company Profile

Vivid Seats Inc operates an online ticket marketplace in the United States, Canada, and Japan. The company operates in two segments, Marketplace and Resale. The Marketplace segment acts as an intermediary between event ticket buyers and sellers; processes ticket sales on its website and mobile applications through its distribution partners; and sells tickets for sports, concerts, theater events, and other live events.