Vivid Seats Inc. (NASDAQ:SEAT – Get Rating) CTO Jonathan Miles Wagner sold 2,124 shares of Vivid Seats stock in a transaction that occurred on Friday, January 20th. The stock was sold at an average price of $7.88, for a total value of $16,737.12. Following the transaction, the chief technology officer now owns 21,607 shares of the company’s stock, valued at $170,263.16. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Vivid Seats Price Performance
Shares of NASDAQ SEAT opened at $8.27 on Tuesday. The firm has a fifty day moving average of $7.63 and a 200-day moving average of $8.06. Vivid Seats Inc. has a 52-week low of $6.48 and a 52-week high of $12.52.
Vivid Seats (NASDAQ:SEAT – Get Rating) last issued its quarterly earnings data on Tuesday, November 8th. The company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.01). Vivid Seats had a negative return on equity of 2.92% and a net margin of 3.66%. The firm had revenue of $156.82 million during the quarter, compared to analyst estimates of $129.31 million. As a group, analysts anticipate that Vivid Seats Inc. will post 0.45 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
Hedge Funds Weigh In On Vivid Seats
Institutional investors have recently added to or reduced their stakes in the company. Bank of America Corp DE acquired a new stake in shares of Vivid Seats in the 1st quarter valued at about $33,000. Strs Ohio acquired a new stake in shares of Vivid Seats in the 2nd quarter valued at about $43,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Vivid Seats in the 3rd quarter valued at about $48,000. Legal & General Group Plc acquired a new stake in shares of Vivid Seats in the 2nd quarter valued at about $62,000. Finally, ExodusPoint Capital Management LP acquired a new stake in shares of Vivid Seats in the 3rd quarter valued at about $77,000. Institutional investors and hedge funds own 31.35% of the company’s stock.
Vivid Seats Company Profile
Vivid Seats Inc operates as an online secondary marketplace for tickets in the United States and Canada. 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 live sports, concerts, and theater shows, and other live events.
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