Vivid Seats (NASDAQ:SEAT) Trading Down 3.3% – What’s Next?

Vivid Seats Inc. (NASDAQ:SEAT)’s share price was down 3.3% during mid-day trading on Monday . The stock traded as low as $2.72 and last traded at $2.77. Approximately 808,963 shares traded hands during mid-day trading, a decline of 37% from the average daily volume of 1,278,441 shares. The stock had previously closed at $2.86.

Wall Street Analysts Forecast Growth

SEAT has been the subject of several research reports. Canaccord Genuity Group reduced their target price on Vivid Seats from $6.00 to $5.00 and set a “buy” rating for the company in a research report on Thursday. Raymond James cut Vivid Seats from a “moderate buy” rating to a “hold” rating in a research report on Thursday. Royal Bank of Canada reduced their target price on Vivid Seats from $6.00 to $4.00 and set a “sector perform” rating for the company in a research report on Thursday. Morgan Stanley reduced their target price on Vivid Seats from $4.60 to $3.75 and set an “equal weight” rating for the company in a research report on Thursday. Finally, Benchmark reduced their target price on Vivid Seats from $8.00 to $6.00 and set a “buy” rating for the company in a research report on Thursday. One analyst has rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $5.49.

Vivid Seats Price Performance

The stock has a fifty day simple moving average of $4.29 and a 200-day simple moving average of $4.01. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.74 and a current ratio of 0.79.

Institutional Trading of Vivid Seats

A number of hedge funds and other institutional investors have recently made changes to their positions in SEAT. Oppenheimer & Co. Inc. acquired a new stake in shares of Vivid Seats in the third quarter valued at $37,000. Stratos Wealth Partners LTD. acquired a new stake in shares of Vivid Seats in the fourth quarter valued at $46,000. Quinn Opportunity Partners LLC acquired a new stake in shares of Vivid Seats in the fourth quarter valued at $46,000. Stoneridge Investment Partners LLC acquired a new stake in shares of Vivid Seats in the fourth quarter valued at $53,000. Finally, BNP Paribas Financial Markets acquired a new stake in shares of Vivid Seats in the fourth quarter valued at $53,000. 39.92% of the stock is currently owned by institutional investors and hedge funds.

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.