Vivid Seats Inc. (NASDAQ:SEAT) Receives Consensus Recommendation of “Hold” from Analysts

Vivid Seats Inc. (NASDAQ:SEAT) has been assigned a consensus rating of “Hold” from the thirteen ratings firms that are presently covering the stock, MarketBeat reports. 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. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $4.49.

A number of equities analysts have weighed in on the stock. Maxim Group decreased their price objective on shares of Vivid Seats from $5.00 to $3.00 and set a “buy” rating for the company in a research report on Wednesday, May 7th. Morgan Stanley reduced their price target on Vivid Seats from $4.60 to $3.75 and set an “equal weight” rating for the company in a report on Thursday, March 13th. Canaccord Genuity Group lowered their price objective on Vivid Seats from $5.00 to $4.00 and set a “buy” rating for the company in a research note on Wednesday, May 7th. Royal Bank Of Canada cut their target price 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. Finally, Raymond James Financial cut Vivid Seats from a “moderate buy” rating to a “hold” rating in a research note on Thursday, March 13th.

Vivid Seats Stock Performance

NASDAQ SEAT opened at $1.60 on Monday. The business has a 50 day moving average price of $2.00 and a two-hundred day moving average price of $3.16. Vivid Seats has a fifty-two week low of $1.44 and a fifty-two week high of $5.90. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.70 and a current ratio of 0.77.

Vivid Seats (NASDAQ:SEAT) last announced its earnings results on Tuesday, May 6th. The company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.03). The firm had revenue of $164.02 million during the quarter, compared to analysts’ expectations of $169.99 million. Vivid Seats had a negative net margin of 0.35% and a negative return on equity of 2.17%. On average, equities analysts predict that Vivid Seats will post 0.12 EPS for the current fiscal year.

Insider Buying and Selling

In other Vivid Seats news, General Counsel Emily T. Epstein sold 14,476 shares of the business’s stock in a transaction on Monday, May 12th. The shares were 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 now owns 151,194 shares in the company, valued at $300,876.06. The trade was a 8.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 88.46% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of SEAT. Clearline Capital LP grew its position in shares of Vivid Seats by 34.9% during the 1st quarter. Clearline Capital LP now owns 986,937 shares of the company’s stock valued at $2,921,000 after buying an additional 255,337 shares during the last quarter. Ashton Thomas Securities LLC lifted its holdings in Vivid Seats by 44.5% in the first quarter. Ashton Thomas Securities LLC now owns 113,457 shares of the company’s stock worth $336,000 after acquiring an additional 34,931 shares during the last quarter. State of Wyoming acquired a new position in Vivid Seats in the first quarter valued at approximately $155,000. Anson Funds Management LP grew its holdings in shares of Vivid Seats by 88.2% during the first quarter. Anson Funds Management LP now owns 1,173,828 shares of the company’s stock valued at $3,475,000 after purchasing an additional 550,000 shares during the last quarter. Finally, MetLife Investment Management LLC raised its position in shares of Vivid Seats by 21.0% during the 1st quarter. MetLife Investment Management LLC now owns 45,279 shares of the company’s stock worth $134,000 after purchasing an additional 7,866 shares during the period. 39.92% of the stock is currently owned by institutional investors.

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.