Vivid Seats (NASDAQ:SEAT) Downgraded to “Market Perform” Rating by William Blair

Vivid Seats (NASDAQ:SEAT) was downgraded by equities research analysts at William Blair from an “outperform” rating to a “market perform” rating in a research note issued to investors on Tuesday, MarketBeat.com reports.

Several other research analysts also recently commented on SEAT. Raymond James downgraded shares of Vivid Seats from a “moderate buy” rating to a “hold” rating in a report on Thursday, March 13th. Morgan Stanley dropped their price objective on Vivid Seats from $4.60 to $3.75 and set an “equal weight” rating on the stock in a research note on Thursday, March 13th. Canaccord Genuity Group decreased their target price on Vivid Seats from $6.00 to $5.00 and set a “buy” rating for the company in a research note on Thursday, March 13th. Bank of America reaffirmed an “underperform” rating and issued a $2.60 price target (down from $6.25) on shares of Vivid Seats in a research report on Thursday, March 13th. Finally, Benchmark reduced their price objective on Vivid Seats from $8.00 to $6.00 and set a “buy” rating for the company in a research report on Thursday, March 13th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $4.49.

Vivid Seats Trading Up 0.9 %

Shares of NASDAQ:SEAT opened at $1.76 on Tuesday. The business has a 50-day moving average of $2.88 and a two-hundred day moving average of $3.64. Vivid Seats has a fifty-two week low of $1.66 and a fifty-two week high of $5.90. The company has a quick ratio of 0.74, a current ratio of 0.79 and a debt-to-equity ratio of 1.17.

Vivid Seats (NASDAQ:SEAT) last announced its earnings results on Tuesday, May 6th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.03). Vivid Seats had a return on equity of 21.29% and a net margin of 4.56%. The company had revenue of $164.02 million for the quarter, compared to the consensus estimate of $169.99 million. On average, research analysts anticipate that Vivid Seats will post 0.12 EPS for the current year.

Institutional Investors Weigh In On Vivid Seats

Institutional investors have recently added to or reduced their stakes in the stock. Barclays PLC lifted its position in shares of Vivid Seats by 353.2% during the 3rd quarter. Barclays PLC now owns 125,163 shares of the company’s stock worth $462,000 after buying an additional 97,546 shares during the period. SG Americas Securities LLC lifted its holdings in shares of Vivid Seats by 8.5% during the fourth quarter. SG Americas Securities LLC now owns 37,065 shares of the company’s stock valued at $172,000 after acquiring an additional 2,909 shares during the period. Exchange Traded Concepts LLC boosted its stake in shares of Vivid Seats by 23.9% in the 4th quarter. Exchange Traded Concepts LLC now owns 123,412 shares of the company’s stock valued at $571,000 after purchasing an additional 23,844 shares in the last quarter. Emeth Value Capital LLC bought a new stake in shares of Vivid Seats in the 4th quarter worth about $23,250,000. Finally, Stratos Wealth Partners LTD. acquired a new stake in shares of Vivid Seats during the 4th quarter worth about $46,000. 39.92% of the stock is 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.