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

Vivid Seats Inc. (NASDAQ:SEAT - Get Free Report) saw some unusual options trading activity on Monday. Stock investors purchased 30,196 call options on the stock. This is an increase of 1,910% compared to the typical daily volume of 1,502 call options.

Wall Street Analysts Forecast Growth

SEAT has been the topic of a number of analyst reports. Bank of America reiterated an "underperform" rating and issued a $2.60 price target (down from $6.25) on shares of Vivid Seats in a report on Thursday, March 13th. Raymond James lowered shares of Vivid Seats from a "moderate buy" rating to a "hold" rating in a research report on Thursday, March 13th. Benchmark reduced their price objective on shares of Vivid Seats from $8.00 to $6.00 and set a "buy" rating for the company in a research note on Thursday, March 13th. Canaccord Genuity Group lowered their target price on shares of Vivid Seats from $6.00 to $5.00 and set a "buy" rating for the company in a research note on Thursday, March 13th. Finally, Morgan Stanley decreased their price objective on Vivid Seats from $4.60 to $3.75 and set an "equal weight" rating for the company in a report on Thursday, March 13th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $5.49.

Vivid Seats Trading Up 0.4 %

Shares of NASDAQ:SEAT traded up $0.01 during trading on Friday, hitting $2.71. The stock had a trading volume of 1,279,642 shares, compared to its average volume of 1,390,758. The stock has a 50-day simple moving average of $3.15 and a two-hundred day simple moving average of $3.72. Vivid Seats has a 12-month low of $2.15 and a 12-month high of $6.09. The company has a current ratio of 0.79, a quick ratio of 0.74 and a debt-to-equity ratio of 1.17.

Institutional Trading of Vivid Seats

Several institutional investors and hedge funds have recently bought and sold shares of the business. SG Americas Securities LLC increased its stake in shares of Vivid Seats by 8.5% in 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 period. Plan Group Financial LLC grew its position in Vivid Seats by 9.4% during the 4th quarter. Plan Group Financial LLC now owns 35,330 shares of the company's stock worth $164,000 after purchasing an additional 3,048 shares during the period. Price T Rowe Associates Inc. MD grew its position in Vivid Seats by 17.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 29,251 shares of the company's stock worth $136,000 after purchasing an additional 4,288 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of Vivid Seats by 0.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 741,722 shares of the company's stock valued at $3,434,000 after buying an additional 5,828 shares during the last quarter. Finally, American Century Companies Inc. lifted its holdings in shares of Vivid Seats by 9.6% in the 4th quarter. American Century Companies Inc. now owns 96,396 shares of the company's stock valued at $446,000 after buying an additional 8,450 shares during the period. 39.92% of the stock is currently owned by institutional investors and hedge funds.

About Vivid Seats

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.