Vivid Seats Inc. (NASDAQ:SEAT) Given Average Rating of “Hold” by Brokerages

Vivid Seats Inc. (NASDAQ:SEAT) has received a consensus rating of “Hold” from the thirteen brokerages that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and six have given a buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $4.49.

Several equities analysts recently issued reports on SEAT shares. Canaccord Genuity Group cut their target price on Vivid Seats from $5.00 to $4.00 and set a “buy” rating on the stock in a research report on Wednesday, May 7th. William Blair lowered shares of Vivid Seats from an “outperform” rating to a “market perform” rating in a report on Tuesday, May 6th. Maxim Group lowered their price target on shares of Vivid Seats from $5.00 to $3.00 and set a “buy” rating on the stock in a report on Wednesday, May 7th. Benchmark lowered their price target on shares of Vivid Seats from $6.00 to $3.00 and set a “buy” rating on the stock in a report on Wednesday, May 7th. Finally, Royal Bank Of Canada lowered their price target on shares of Vivid Seats from $4.00 to $2.00 and set a “sector perform” rating on the stock in a report on Wednesday, May 7th.

Vivid Seats Stock Up 0.6%

NASDAQ SEAT opened at $1.70 on Friday. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.77 and a quick ratio of 0.70. The stock’s fifty day moving average price is $1.80 and its 200 day moving average price is $2.98. Vivid Seats has a 1 year low of $1.44 and a 1 year high of $5.52.

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

Insider Activity

In other news, General Counsel Emily T. Epstein sold 14,476 shares of the stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $1.99, for a total transaction of $28,807.24. Following the sale, the general counsel directly owned 151,194 shares of the company’s stock, valued at $300,876.06. This represents a 8.74% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 88.46% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Emeth Value Capital LLC lifted its stake in Vivid Seats by 19.4% in the 1st quarter. Emeth Value Capital LLC now owns 5,997,854 shares of the company’s stock valued at $17,754,000 after buying an additional 976,362 shares in the last quarter. Vanguard Group Inc. raised its holdings in Vivid Seats by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 4,897,627 shares of the company’s stock valued at $22,676,000 after acquiring an additional 22,285 shares during the last quarter. Boston Partners raised its holdings in Vivid Seats by 152.9% in the 1st quarter. Boston Partners now owns 4,461,831 shares of the company’s stock valued at $13,202,000 after acquiring an additional 2,697,796 shares during the last quarter. Geode Capital Management LLC raised its holdings in Vivid Seats by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 2,008,228 shares of the company’s stock valued at $9,301,000 after acquiring an additional 33,181 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in Vivid Seats by 18.4% in the 4th quarter. Ameriprise Financial Inc. now owns 1,954,794 shares of the company’s stock valued at $9,051,000 after acquiring an additional 303,878 shares during the last quarter. 39.92% of the stock is owned by hedge funds and other institutional investors.

About Vivid Seats

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.