Vivid Seats (SEAT) Scheduled to Post Earnings on Tuesday

Vivid Seats (NASDAQ:SEAT – Get Rating) will issue its quarterly earnings data before the market opens on Tuesday, March 7th. Analysts expect the company to announce earnings of $0.13 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Vivid Seats Stock Performance

SEAT opened at $7.78 on Tuesday. The stock’s 50 day simple moving average is $7.95 and its 200 day simple moving average is $8.07. Vivid Seats has a 1 year low of $6.48 and a 1 year high of $12.52.

Insiders Place Their Bets

In other news, Director Craig A. Dixon sold 4,889 shares of the stock in a transaction on Thursday, December 29th. The stock was sold at an average price of $7.50, for a total transaction of $36,667.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders sold a total of 8,987 shares of company stock worth $68,960 over the last 90 days.

Hedge Funds Weigh In On Vivid Seats

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Alliancebernstein L.P. raised its stake in Vivid Seats by 18.8% in the 4th quarter. Alliancebernstein L.P. now owns 45,400 shares of the company’s stock worth $331,000 after acquiring an additional 7,200 shares during the last quarter. Jane Street Group LLC grew its position in shares of Vivid Seats by 1,018.8% during the 4th quarter. Jane Street Group LLC now owns 282,962 shares of the company’s stock valued at $2,066,000 after acquiring an additional 257,671 shares during the period. Squarepoint Ops LLC grew its position in shares of Vivid Seats by 158.1% during the 4th quarter. Squarepoint Ops LLC now owns 83,931 shares of the company’s stock valued at $613,000 after acquiring an additional 51,407 shares during the period. Legal & General Group Plc grew its position in shares of Vivid Seats by 13.9% during the 4th quarter. Legal & General Group Plc now owns 9,944 shares of the company’s stock valued at $73,000 after acquiring an additional 1,217 shares during the period. Finally, Millennium Management LLC boosted its holdings in Vivid Seats by 64.6% in the 4th quarter. Millennium Management LLC now owns 896,479 shares of the company’s stock worth $6,544,000 after buying an additional 351,833 shares during the last quarter. Hedge funds and other institutional investors own 31.35% of the company’s stock.

Wall Street Analysts Forecast Growth

SEAT has been the topic of a number of recent analyst reports. DA Davidson cut their price objective on Vivid Seats to $20.00 in a research report on Tuesday, November 15th. Credit Suisse Group lowered their price objective on Vivid Seats from $13.00 to $11.00 and set an “outperform” rating for the company in a research note on Wednesday, November 9th. Royal Bank of Canada lowered their price objective on Vivid Seats from $10.50 to $10.00 and set a “sector perform” rating for the company in a research note on Wednesday, November 9th. Piper Sandler decreased their price target on Vivid Seats from $9.00 to $8.00 and set a “neutral” rating for the company in a research note on Friday, January 6th. Finally, Evercore ISI decreased their price target on Vivid Seats to $8.00 in a research note on Tuesday, November 15th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $11.78.

Vivid Seats Company Profile

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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.