Vivid Seats (NASDAQ:SEAT) Trading 9.3% Higher - Time to Buy?

Key Points

• Shares jumped 9.3% to $7.42 on Wednesday with volume about 36% above the average, signaling heightened trading interest.
• Vivid Seats reported a dramatic quarterly miss — EPS of ($10.39) vs. an expected ($1.81) and revenue of $126.8M vs. $137.2M — leaving a negative net margin of 75.21%.
• Despite weak results, analysts' consensus is a "Hold" with a $14.27 target; the company has a small market cap (~$79.9M) and strained liquidity (quick ratio 0.53, current ratio 0.59) with a debt/equity of 1.41.

Vivid Seats Inc. (NASDAQ:SEAT - Get Free Report)'s share price traded up 9.3% during trading on Wednesday . The company traded as high as $7.43 and last traded at $7.42. 144,940 shares changed hands during mid-day trading, an increase of 36% from the average session volume of 106,279 shares. The stock had previously closed at $6.79.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Zacks Research upgraded Vivid Seats from a "strong sell" rating to a "hold" rating in a research note on Friday, April 10th. Bank of America restated an "underperform" rating and issued a $5.65 price objective on shares of Vivid Seats in a research note on Thursday, March 12th. Weiss Ratings restated a "sell (d-)" rating on shares of Vivid Seats in a research note on Wednesday, January 21st. Canaccord Genuity Group set a $10.00 price objective on Vivid Seats and gave the stock a "hold" rating in a research note on Friday, March 13th. Finally, Deutsche Bank Aktiengesellschaft set a $7.00 price objective on Vivid Seats in a research note on Tuesday, January 20th. Four investment analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Vivid Seats has an average rating of "Hold" and a consensus target price of $14.27.

Vivid Seats Stock Performance

The firm has a 50-day moving average of $6.42 and a two-hundred day moving average of $8.18. The company has a quick ratio of 0.53, a current ratio of 0.59 and a debt-to-equity ratio of 1.41. The company has a market capitalization of $79.88 million, a PE ratio of -0.11 and a beta of 0.91.

Vivid Seats (NASDAQ:SEAT - Get Free Report) last announced its quarterly earnings results on Thursday, March 12th. The company reported ($10.39) earnings per share for the quarter, missing the consensus estimate of ($1.81) by ($8.58). Vivid Seats had a negative net margin of 75.21% and a positive return on equity of 31.44%. The company had revenue of $126.81 million for the quarter, compared to analysts' expectations of $137.18 million. Research analysts anticipate that Vivid Seats Inc. will post 0.12 EPS for the current year.

Institutional Trading of Vivid Seats

Institutional investors have recently bought and sold shares of the business. Jump Financial LLC acquired a new stake in Vivid Seats in the second quarter valued at approximately $32,000. Raymond James Financial Inc. acquired a new stake in Vivid Seats in the second quarter valued at approximately $35,000. Rangeley Capital LLC acquired a new stake in Vivid Seats in the second quarter valued at approximately $42,000. Quantbot Technologies LP acquired a new stake in shares of Vivid Seats in the second quarter worth approximately $43,000. Finally, Deutsche Bank AG boosted its stake in shares of Vivid Seats by 270.0% in the fourth quarter. Deutsche Bank AG now owns 10,774 shares of the company's stock worth $78,000 after acquiring an additional 7,862 shares during the last quarter. 39.92% of the stock is owned by institutional investors and hedge funds.

About Vivid Seats

Vivid Seats, traded on NASDAQ under the ticker SEAT, operates an online ticket marketplace that connects buyers and sellers of live event tickets. The company specializes in facilitating purchases for sports games, concerts, theater productions and other entertainment experiences. Through its digital platform and mobile application, Vivid Seats offers real-time access to available tickets, transparent pricing and a 100% Buyer Guarantee, which ensures ticket authenticity and timely delivery.

Founded in 2001 and headquartered in Chicago, Illinois, Vivid Seats has grown from a regional reseller into one of North America's leading ticket marketplaces.

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