Vivid Seats Inc. (NASDAQ:SEAT) Given Average Recommendation of "Hold" by Brokerages

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

A number of equities research analysts have recently issued reports on the stock. Bank of America reaffirmed an "underperform" rating and issued a $2.60 target price (down from $6.25) on shares of Vivid Seats in a report on Thursday, March 13th. Canaccord Genuity Group dropped their target price on shares of Vivid Seats from $5.00 to $4.00 and set a "buy" rating on the stock in a report on Wednesday, May 7th. William Blair cut shares of Vivid Seats from an "outperform" rating to a "market perform" rating in a report on Tuesday, May 6th. Royal Bank Of Canada dropped their target price on shares of Vivid Seats from $4.00 to $2.00 and set a "sector perform" rating on the stock in a report on Wednesday, May 7th. Finally, Maxim Group dropped their target price on shares of Vivid Seats from $5.00 to $3.00 and set a "buy" rating on the stock in a report on Wednesday, May 7th.

Vivid Seats Trading Down 1.5%

Shares of Vivid Seats stock traded down $0.03 during trading hours on Monday, reaching $1.61. 1,731,165 shares of the company's stock were exchanged, compared to its average volume of 1,507,269. The company has a 50 day moving average of $2.01 and a two-hundred day moving average of $3.17. Vivid Seats has a fifty-two week low of $1.44 and a fifty-two week high of $5.90. 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 (NASDAQ:SEAT - Get Free Report) last issued its earnings results on Tuesday, May 6th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.03). The firm had revenue of $164.02 million during the quarter, compared to the consensus estimate of $169.99 million. Vivid Seats had a negative net margin of 0.35% and a negative return on equity of 2.17%. On average, research analysts expect that Vivid Seats will post 0.12 EPS for the current fiscal year.

Insiders Place Their Bets

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Quinn Opportunity Partners LLC acquired a new position in shares of Vivid Seats during the 4th quarter worth approximately $46,000. BNP Paribas Financial Markets acquired a new position in shares of Vivid Seats during the 4th quarter worth approximately $53,000. Pictet Asset Management Holding SA acquired a new position in shares of Vivid Seats during the 4th quarter worth approximately $55,000. Penn Capital Management Company LLC acquired a new position in shares of Vivid Seats during the 4th quarter worth approximately $56,000. Finally, KLP Kapitalforvaltning AS acquired a new position in shares of Vivid Seats during the 4th quarter worth approximately $57,000. Institutional investors and hedge funds own 39.92% of the company's stock.

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.