Vivid Seats Inc. (NASDAQ:SEAT) Given Consensus Rating of "Hold" by Analysts

Vivid Seats Inc. (NASDAQ:SEAT - Get Free Report) has earned a consensus recommendation of "Hold" from the thirteen research firms that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, six have given a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $4.49.

SEAT has been the topic of several research reports. Bank of America restated an "underperform" rating and set a $2.60 price objective (down previously from $6.25) on shares of Vivid Seats in a research note on Thursday, March 13th. Royal Bank Of Canada cut their price objective on Vivid Seats from $4.00 to $2.00 and set a "sector perform" rating on the stock in a research note on Wednesday, May 7th. Benchmark cut their price objective on Vivid Seats from $6.00 to $3.00 and set a "buy" rating on the stock in a research note on Wednesday, May 7th. William Blair cut Vivid Seats from an "outperform" rating to a "market perform" rating in a research note on Tuesday, May 6th. Finally, Maxim Group cut their price objective on Vivid Seats from $5.00 to $3.00 and set a "buy" rating on the stock in a research note on Wednesday, May 7th.

Vivid Seats Stock Performance

NASDAQ:SEAT opened at $1.91 on Monday. The company has a current ratio of 0.77, a quick ratio of 0.70 and a debt-to-equity ratio of 1.01. Vivid Seats has a one year low of $1.44 and a one year high of $5.90. The business's 50-day simple moving average is $2.08 and its 200 day simple moving average is $3.21.

Vivid Seats (NASDAQ:SEAT - Get Free Report) last announced its quarterly earnings data 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). Vivid Seats had a negative net margin of 0.35% and a negative return on equity of 2.17%. The firm had revenue of $164.02 million for the quarter, compared to analyst estimates of $169.99 million. Research analysts forecast that Vivid Seats will post 0.12 earnings per share for the current year.

Insider Activity

In related news, General Counsel Emily T. Epstein sold 14,476 shares of the stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $1.99, for a total value of $28,807.24. Following the completion of the transaction, the general counsel now directly owns 151,194 shares of the company's stock, valued at $300,876.06. This represents a 8.74% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 88.46% of the company's stock.

Hedge Funds Weigh In On Vivid Seats

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Quinn Opportunity Partners LLC bought a new position in Vivid Seats in the 4th quarter worth approximately $46,000. BNP Paribas Financial Markets bought a new position in Vivid Seats in the 4th quarter worth approximately $53,000. Pictet Asset Management Holding SA bought a new position in Vivid Seats in the 4th quarter worth approximately $55,000. Penn Capital Management Company LLC bought a new position in Vivid Seats in the 4th quarter worth approximately $56,000. Finally, KLP Kapitalforvaltning AS bought a new position in Vivid Seats during the 4th quarter valued at $57,000. 39.92% of the stock is owned by institutional investors.

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.

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