Vivid Seats (NASDAQ:SEAT) Upgraded to "Sell" at Wall Street Zen

Key Points

• Wall Street Zen upgraded Vivid Seats from “strong sell” to “sell,” though the broader analyst view remains cautious with an average rating of Hold and a $9.27 price target.
• Vivid Seats reported mixed quarterly results, posting an EPS loss of ($1.35) versus expectations of ($1.03), while revenue came in slightly ahead of forecasts at $125.78 million.
• The stock was trading at $9.01, well below its 52-week high of $45.10, and the company continues to face financial pressure with a negative net margin and elevated debt metrics.

Vivid Seats (NASDAQ:SEAT - Get Free Report) was upgraded by analysts at Wall Street Zen from a "strong sell" rating to a "sell" rating in a research note issued on Saturday.

SEAT has been the topic of several other research reports. Bank of America reissued an "underperform" rating and set a $5.65 price target on shares of Vivid Seats in a research note on Thursday, March 12th. Scotiabank set a $10.00 target price on Vivid Seats in a research note on Friday, March 13th. Craig Hallum raised Vivid Seats from a "hold" rating to a "buy" rating and set a $15.00 target price on the stock in a research note on Friday, March 13th. Morgan Stanley set a $7.75 target price on Vivid Seats in a research note on Wednesday. Finally, Deutsche Bank Aktiengesellschaft set a $7.00 target price on Vivid Seats in a research note on Tuesday, January 20th. Three analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $9.27.

Vivid Seats Price Performance

Shares of NASDAQ:SEAT opened at $9.01 on Friday. The business's 50 day simple moving average is $6.50 and its 200-day simple moving average is $7.50. The firm has a market capitalization of $97.04 million, a price-to-earnings ratio of -0.13 and a beta of 0.98. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.66 and a quick ratio of 0.53. Vivid Seats has a 12 month low of $5.06 and a 12 month high of $45.10.

Vivid Seats (NASDAQ:SEAT - Get Free Report) last announced its quarterly earnings results on Tuesday, May 5th. The company reported ($1.35) EPS for the quarter, missing the consensus estimate of ($1.03) by ($0.32). The firm had revenue of $125.78 million for the quarter, compared to analysts' expectations of $124.55 million. Vivid Seats had a positive return on equity of 68.65% and a negative net margin of 82.25%. As a group, equities analysts forecast that Vivid Seats will post -4.1 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Vivid Seats

Institutional investors and hedge funds have recently bought and sold shares of the stock. Deutsche Bank AG lifted its stake in Vivid Seats by 270.0% in the 4th quarter. Deutsche Bank AG now owns 10,774 shares of the company's stock valued at $78,000 after buying an additional 7,862 shares in the last quarter. Jain Global LLC purchased a new position in shares of Vivid Seats during the 4th quarter worth $97,000. Occudo Quantitative Strategies LP purchased a new position in shares of Vivid Seats during the 4th quarter worth $135,000. Jump Financial LLC purchased a new position in shares of Vivid Seats during the 2nd quarter worth $32,000. Finally, Price T Rowe Associates Inc. MD purchased a new position in shares of Vivid Seats during the 4th quarter worth $139,000. Hedge funds and other institutional investors own 39.92% of the company's stock.

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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