Vivid Seats (NASDAQ:SEAT) Trading 0.2% Higher - Here's Why

Key Points

• Vivid Seats Inc. shares traded up 0.2% to $16.52, with a decline in trading volume by 17% from the average session.
• Analysts have varied target prices for the stock, with a consensus rating of "Hold" and an average price target of $47.00.
• Institutional investors currently own 39.92% of Vivid Seats, with several large firms acquiring new positions in the second quarter.

Shares of Vivid Seats Inc. (NASDAQ:SEAT - Get Free Report) traded up 0.2% during trading on Monday . The company traded as high as $17.16 and last traded at $16.52. 107,910 shares changed hands during mid-day trading, a decline of 17% from the average session volume of 129,713 shares. The stock had previously closed at $16.48.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Craig Hallum set a $2.00 target price on shares of Vivid Seats in a research note on Tuesday, August 5th. Canaccord Genuity Group reiterated a "hold" rating and issued a $23.00 target price (down from $80.00) on shares of Vivid Seats in a research note on Wednesday, August 6th. Benchmark lifted their target price on shares of Vivid Seats to $26.00 and gave the stock a "buy" rating in a research note on Wednesday, August 6th. Finally, Citigroup reiterated a "buy" rating and issued a $32.00 target price (down from $70.00) on shares of Vivid Seats in a research note on Friday, August 8th. Three investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $47.00.

Vivid Seats Stock Up 0.2%

The company has a debt-to-equity ratio of 1.77, a quick ratio of 0.63 and a current ratio of 0.72. The firm's 50 day simple moving average is $20.14 and its 200 day simple moving average is $35.35.

Hedge Funds Weigh In On Vivid Seats

Large investors have recently made changes to their positions in the company. Capstone Financial Advisors Inc. acquired a new position in shares of Vivid Seats in the 2nd quarter valued at $25,000. Jump Financial LLC acquired a new position in shares of Vivid Seats in the 2nd quarter valued at $32,000. Raymond James Financial Inc. acquired a new position in shares of Vivid Seats in the 2nd quarter valued at $35,000. Rangeley Capital LLC acquired a new position in shares of Vivid Seats in the 2nd quarter valued at $42,000. Finally, Quantbot Technologies LP acquired a new position in shares of Vivid Seats in the 2nd quarter valued at $43,000. 39.92% of the stock is currently owned by institutional investors and hedge funds.

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.

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