Vivid Seats Inc. (NASDAQ:SEAT) Receives $4.49 Average PT from Brokerages

Shares of Vivid Seats Inc. (NASDAQ:SEAT - Get Free Report) have been given an average rating of "Hold" by the thirteen brokerages that are covering the firm, MarketBeat Ratings 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 1 year target price among brokers that have issued a report on the stock in the last year is $4.49.

Several research analysts have recently commented on SEAT shares. Raymond James lowered Vivid Seats from a "moderate buy" rating to a "hold" rating in a research report on Thursday, March 13th. Canaccord Genuity Group decreased their price target on shares of Vivid Seats from $5.00 to $4.00 and set a "buy" rating for the company 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. Benchmark decreased their target price on Vivid Seats from $6.00 to $3.00 and set a "buy" rating for the company in a research note on Wednesday, May 7th. Finally, Royal Bank of Canada dropped their price target on Vivid Seats from $4.00 to $2.00 and set a "sector perform" rating on the stock in a research report on Wednesday, May 7th.

Vivid Seats Stock Performance

Shares of Vivid Seats stock traded down $0.06 on Thursday, hitting $1.58. 2,696,626 shares of the company's stock traded hands, compared to its average volume of 1,467,581. Vivid Seats has a 52-week low of $1.55 and a 52-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 firm's 50-day moving average is $2.38 and its 200 day moving average is $3.40.

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

Insider Buying and Selling

In other Vivid Seats news, General Counsel Emily T. Epstein sold 14,476 shares of the stock in a transaction on Monday, May 12th. The stock was sold at an average price of $1.99, for a total transaction 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 approximately $300,876.06. This trade represents a 8.74% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders have sold a total of 16,138 shares of company stock valued at $33,201 over the last quarter. Corporate insiders own 57.20% of the company's stock.

Institutional Trading of Vivid Seats

Hedge funds and other institutional investors have recently modified their holdings of the company. Stratos Wealth Partners LTD. bought a new position in Vivid Seats during the fourth quarter valued at about $46,000. Quinn Opportunity Partners LLC bought a new stake in Vivid Seats in the fourth quarter worth about $46,000. Stoneridge Investment Partners LLC acquired a new stake in Vivid Seats in the 4th quarter valued at about $53,000. BNP Paribas Financial Markets bought a new position in shares of Vivid Seats during the 4th quarter valued at about $53,000. Finally, Pictet Asset Management Holding SA bought a new position in shares of Vivid Seats during the 4th quarter valued at about $55,000. Institutional investors 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.