Vivid Seats (NASDAQ:SEAT) Releases Earnings Results, Misses Estimates By $0.03 EPS

Vivid Seats (NASDAQ:SEAT - Get Free Report) posted its earnings results on Tuesday. The company reported ($0.05) EPS for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.03), Zacks reports. Vivid Seats had a net margin of 4.56% and a return on equity of 21.29%. The business had revenue of $164.02 million during the quarter, compared to analysts' expectations of $169.99 million.

Vivid Seats Stock Down 2.2 %

SEAT traded down $0.04 on Friday, hitting $1.79. 1,812,672 shares of the company traded hands, compared to its average volume of 1,464,916. The company has a 50 day moving average of $2.78 and a 200-day moving average of $3.61. Vivid Seats has a 12-month low of $1.66 and a 12-month high of $5.90. The company has a quick ratio of 0.74, a current ratio of 0.79 and a debt-to-equity ratio of 1.17.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Raymond James cut Vivid Seats from a "moderate buy" rating to a "hold" rating in a research note on Thursday, March 13th. Maxim Group decreased their price objective on shares of Vivid Seats from $5.00 to $3.00 and set a "buy" rating for the company in a research report on Wednesday. Morgan Stanley dropped their price objective on Vivid Seats from $4.60 to $3.75 and set an "equal weight" rating on the stock in a report on Thursday, March 13th. Canaccord Genuity Group decreased their target price on Vivid Seats from $5.00 to $4.00 and set a "buy" rating for the company in a research note on Wednesday. Finally, William Blair lowered shares of Vivid Seats from an "outperform" rating to a "market perform" rating in a research note on Tuesday, May 6th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $4.49.

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.