Vivid Seats (NASDAQ:SEAT) Trading 3.2% Higher – What’s Next?

Vivid Seats Inc. (NASDAQ:SEAT)’s stock price traded up 3.2% during trading on Thursday . The company traded as high as $9.55 and last traded at $9.00. 64,743 shares were traded during mid-day trading, a decline of 29% from the average session volume of 91,728 shares. The stock had previously closed at $8.72.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Canaccord Genuity Group set a $10.00 target price on shares of Vivid Seats and gave the stock a “hold” rating in a research report on Friday, March 13th. Benchmark dropped their price target on shares of Vivid Seats from $18.00 to $10.00 and set a “buy” rating on the stock in a research note on Friday, March 13th. Zacks Research upgraded shares of Vivid Seats from a “strong sell” rating to a “hold” rating in a research note on Friday, April 10th. Morgan Stanley set a $7.75 price target on shares of Vivid Seats in a research note on Wednesday, May 6th. Finally, Scotiabank set a $10.00 price target on shares of Vivid Seats in a research note on Friday, March 13th. Three investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $9.27.

Vivid Seats Stock Up 3.2%

The company has a current ratio of 0.66, a quick ratio of 0.58 and a debt-to-equity ratio of 1.41. The company’s 50 day moving average price is $7.54 and its two-hundred day moving average price is $7.09. The firm has a market cap of $96.93 million, a PE ratio of -0.13 and a beta of 1.08.

Vivid Seats (NASDAQ:SEAT) last released its earnings results on Tuesday, May 5th. The company reported ($1.35) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.03) by ($0.32). Vivid Seats had a negative net margin of 82.25% and a positive return on equity of 68.65%. The firm had revenue of $125.78 million for the quarter, compared to analysts’ expectations of $124.55 million. On average, equities research analysts expect that Vivid Seats Inc. will post -4.16 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Emeth Value Capital LLC lifted its stake in shares of Vivid Seats by 43.4% during the 4th quarter. Emeth Value Capital LLC now owns 556,918 shares of the company’s stock valued at $4,015,000 after buying an additional 168,607 shares in the last quarter. Prescott Group Capital Management L.L.C. purchased a new position in shares of Vivid Seats during the 3rd quarter valued at $1,330,000. AlphaQuest LLC purchased a new position in shares of Vivid Seats during the 3rd quarter valued at $634,000. Occudo Quantitative Strategies LP purchased a new position in shares of Vivid Seats during the 4th quarter valued at $135,000. Finally, Jain Global LLC purchased a new position in shares of Vivid Seats during the 4th quarter valued at $97,000. Hedge funds and other institutional investors own 39.92% of the company’s stock.

Vivid Seats Company Profile

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.