Vivid Seats (NASDAQ:SEAT) Shares Gap Up to $5.49

Vivid Seats Inc. (NASDAQ:SEAT)’s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $5.49, but opened at $5.81. Vivid Seats shares last traded at $5.75, with a volume of 498,009 shares traded.

Analyst Upgrades and Downgrades

SEAT has been the topic of a number of research analyst reports. Royal Bank of Canada reduced their price objective on shares of Vivid Seats from $10.00 to $8.00 and set a “sector perform” rating on the stock in a research note on Wednesday, March 6th. Benchmark reaffirmed a “buy” rating and set a $15.00 target price on shares of Vivid Seats in a report on Wednesday, May 1st. Craig Hallum assumed coverage on Vivid Seats in a research report on Friday, February 9th. They issued a “buy” rating and a $10.00 target price for the company. Finally, Maxim Group started coverage on Vivid Seats in a research report on Wednesday, April 17th. They set a “buy” rating and a $7.00 price target on the stock. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $9.94.

Vivid Seats Trading Up 0.7 %

The firm’s fifty day moving average price is $5.71 and its 200-day moving average price is $6.23. The company has a market cap of $1.16 billion, a price-to-earnings ratio of 9.98, a P/E/G ratio of 2.63 and a beta of 1.23. The company has a debt-to-equity ratio of 2.52, a current ratio of 0.50 and a quick ratio of 0.46.

Institutional Investors Weigh In On Vivid Seats

A number of hedge funds have recently made changes to their positions in the business. Parkside Financial Bank & Trust raised its stake in Vivid Seats by 84.7% during the 4th quarter. Parkside Financial Bank & Trust now owns 4,557 shares of the company’s stock valued at $29,000 after acquiring an additional 2,090 shares in the last quarter. DekaBank Deutsche Girozentrale acquired a new position in shares of Vivid Seats during the third quarter valued at $37,000. SG Americas Securities LLC bought a new stake in shares of Vivid Seats during the fourth quarter valued at about $65,000. Tower Research Capital LLC TRC lifted its holdings in Vivid Seats by 417.1% in the fourth quarter. Tower Research Capital LLC TRC now owns 11,308 shares of the company’s stock worth $71,000 after purchasing an additional 9,121 shares during the period. Finally, AXQ Capital LP bought a new position in Vivid Seats in the 3rd quarter valued at about $84,000. Institutional investors own 39.92% of the company’s stock.

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.