Vivid Seats (NASDAQ:SEAT) Issues Earnings Results

Vivid Seats (NASDAQ:SEAT - Get Free Report) announced its quarterly earnings results on Tuesday. The company reported ($0.05) earnings per share (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 for the quarter, compared to the consensus estimate of $169.99 million.

Vivid Seats Price Performance

Shares of SEAT traded down $0.04 during trading hours on Friday, reaching $1.79. 1,812,672 shares of the stock traded hands, compared to its average volume of 1,463,618. The company has a quick ratio of 0.74, a current ratio of 0.79 and a debt-to-equity ratio of 1.17. The company's 50-day moving average price is $2.78 and its two-hundred day moving average price is $3.61. Vivid Seats has a 52-week low of $1.66 and a 52-week high of $5.90.

Analysts Set New Price Targets

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