Vivid Seats Inc. (NASDAQ:SEAT - Get Free Report) shares traded down 0.6% during mid-day trading on Wednesday . The stock traded as low as $1.68 and last traded at $1.69. 1,096,668 shares changed hands during trading, a decline of 27% from the average session volume of 1,505,535 shares. The stock had previously closed at $1.70.
Analyst Ratings Changes
Several equities analysts recently issued reports on the company. Royal Bank Of Canada reduced 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. Benchmark reduced their price target on Vivid Seats from $6.00 to $3.00 and set a "buy" rating on the stock in a research report on Wednesday, May 7th. William Blair cut Vivid Seats from an "outperform" rating to a "market perform" rating in a report on Tuesday, May 6th. Maxim Group dropped their price objective on Vivid Seats from $5.00 to $3.00 and set a "buy" rating for the company in a report on Wednesday, May 7th. Finally, Canaccord Genuity Group dropped their price objective on Vivid Seats from $5.00 to $4.00 and set a "buy" rating for the company in a report on Wednesday, May 7th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $4.49.
Read Our Latest Research Report on Vivid Seats
Vivid Seats Trading Down 0.6%
The company has a current ratio of 0.77, a quick ratio of 0.70 and a debt-to-equity ratio of 1.01. The firm has a 50-day simple moving average of $1.81 and a 200-day simple moving average of $3.00.
Vivid Seats (NASDAQ:SEAT - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported ($0.05) earnings per share for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.03). The business had revenue of $164.02 million during the quarter, compared to analyst estimates of $169.99 million. Vivid Seats had a negative return on equity of 2.17% and a negative net margin of 0.35%. As a group, equities research analysts expect that Vivid Seats Inc. will post 0.12 EPS for the current year.
Insider Buying and Selling
In other Vivid Seats news, General Counsel Emily T. Epstein sold 14,476 shares of Vivid Seats stock in a transaction dated 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 sale, the general counsel owned 151,194 shares of the company's stock, valued at approximately $300,876.06. The trade was a 8.74% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 88.46% of the company's stock.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of the stock. Emeth Value Capital LLC raised its position in Vivid Seats by 19.4% during the first quarter. Emeth Value Capital LLC now owns 5,997,854 shares of the company's stock valued at $17,754,000 after acquiring an additional 976,362 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Vivid Seats by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 4,897,627 shares of the company's stock valued at $22,676,000 after purchasing an additional 22,285 shares in the last quarter. Boston Partners increased its stake in shares of Vivid Seats by 152.9% in the 1st quarter. Boston Partners now owns 4,461,831 shares of the company's stock valued at $13,202,000 after purchasing an additional 2,697,796 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Vivid Seats by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 2,008,228 shares of the company's stock valued at $9,301,000 after purchasing an additional 33,181 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its stake in shares of Vivid Seats by 18.4% in the 4th quarter. Ameriprise Financial Inc. now owns 1,954,794 shares of the company's stock valued at $9,051,000 after purchasing an additional 303,878 shares in the last quarter. 39.92% of the stock is currently owned by hedge funds and other institutional investors.
About Vivid Seats
(
Get Free Report)
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.
Read More
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Vivid Seats, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Vivid Seats wasn't on the list.
While Vivid Seats currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
