Vivid Seats (NASDAQ:SEAT) Trading Up 0.4% – Should You Buy?

Shares of Vivid Seats Inc. (NASDAQ:SEAT) were up 0.4% during mid-day trading on Friday . The company traded as high as $7.52 and last traded at $7.29. Approximately 156,464 shares traded hands during mid-day trading, an increase of 47% from the average daily volume of 106,351 shares. The stock had previously closed at $7.26.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on SEAT shares. Deutsche Bank Aktiengesellschaft set a $7.00 price target on Vivid Seats in a research report on Tuesday, January 20th. Weiss Ratings restated a “sell (d-)” rating on shares of Vivid Seats in a research note on Wednesday, January 21st. Morgan Stanley set a $9.00 price target on Vivid Seats in a report on Thursday, December 18th. Canaccord Genuity Group decreased their price objective on shares of Vivid Seats from $23.00 to $12.00 and set a “hold” rating on the stock in a report on Friday, November 7th. Finally, Benchmark reissued a “buy” rating and issued a $18.00 price objective (down from $26.00) on shares of Vivid Seats in a research report on Friday, November 7th. Two equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $20.22.

Vivid Seats Stock Up 0.4%

The company has a market cap of $78.22 million, a P/E ratio of 2.71 and a beta of 0.90. The stock has a 50-day moving average of $7.02 and a 200 day moving average of $13.65. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.67 and a quick ratio of 0.60.

Vivid Seats (NASDAQ:SEAT) last announced its quarterly earnings data on Thursday, November 6th. The company reported ($1.91) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.68) by ($0.23). The firm had revenue of $136.37 million during the quarter, compared to the consensus estimate of $131.38 million. Vivid Seats had a negative net margin of 24.08% and a positive return on equity of 4.50%. Research analysts anticipate that Vivid Seats Inc. will post 0.12 earnings per share for the current year.

Hedge Funds Weigh In On Vivid Seats

Several large investors have recently modified their holdings of SEAT. Boston Partners raised its stake in Vivid Seats by 7.2% during the 2nd quarter. Boston Partners now owns 4,784,292 shares of the company’s stock worth $8,084,000 after buying an additional 322,461 shares during the period. Capstone Financial Advisors Inc. bought a new stake in shares of Vivid Seats during the second quarter valued at approximately $25,000. Equitable Trust Co. raised its position in shares of Vivid Seats by 6.9% during the second quarter. Equitable Trust Co. now owns 167,060 shares of the company’s stock worth $282,000 after purchasing an additional 10,800 shares during the period. Emeth Value Capital LLC raised its position in shares of Vivid Seats by 27.4% during the second quarter. Emeth Value Capital LLC now owns 7,642,042 shares of the company’s stock worth $12,915,000 after purchasing an additional 1,644,188 shares during the period. Finally, Caption Management LLC lifted its holdings in shares of Vivid Seats by 1,470.9% in the 2nd quarter. Caption Management LLC now owns 250,472 shares of the company’s stock worth $423,000 after purchasing an additional 234,528 shares in the last quarter. Institutional investors own 39.92% of the company’s stock.

About Vivid Seats

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.