Vivid Seats Inc. (NASDAQ:SEAT - Get Free Report) was the recipient of some unusual options trading on Wednesday. Traders acquired 38,759 call options on the stock. This is an increase of 3,795% compared to the average volume of 995 call options.
Analyst Upgrades and Downgrades
SEAT has been the topic of several recent analyst reports. Morgan Stanley dropped their price target on Vivid Seats from $4.60 to $3.75 and set an "equal weight" rating on the stock in a research report on Thursday, March 13th. Canaccord Genuity Group dropped their target price on Vivid Seats from $6.00 to $5.00 and set a "buy" rating on the stock in a research report on Thursday, March 13th. Benchmark dropped their target price on Vivid Seats from $8.00 to $6.00 and set a "buy" rating on the stock in a research report on Thursday, March 13th. Royal Bank of Canada dropped their target price on Vivid Seats from $6.00 to $4.00 and set a "sector perform" rating on the stock in a research report on Thursday, March 13th. Finally, Raymond James lowered Vivid Seats from a "moderate buy" rating to a "hold" rating in a research report on Thursday, March 13th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $5.49.
Read Our Latest Stock Analysis on Vivid Seats
Vivid Seats Stock Down 6.6 %
NASDAQ:SEAT traded down $0.20 during mid-day trading on Friday, hitting $2.81. 2,289,641 shares of the company's stock traded hands, compared to its average volume of 1,304,835. The firm has a 50 day moving average of $4.12 and a two-hundred day moving average of $3.95. Vivid Seats has a 12 month low of $2.51 and a 12 month high of $6.09. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.79 and a quick ratio of 0.74.
Institutional Trading of Vivid Seats
Hedge funds have recently added to or reduced their stakes in the business. Oppenheimer & Co. Inc. bought a new stake in Vivid Seats during the 3rd quarter valued at approximately $37,000. Stratos Wealth Partners LTD. bought a new stake in Vivid Seats during the 4th quarter valued at approximately $46,000. Quinn Opportunity Partners LLC bought a new stake in Vivid Seats during the 4th quarter valued at approximately $46,000. BNP Paribas Financial Markets acquired a new position in Vivid Seats in the 4th quarter valued at approximately $53,000. Finally, Stoneridge Investment Partners LLC acquired a new position in shares of Vivid Seats in the 4th quarter worth approximately $53,000. Institutional investors own 39.92% of the company's stock.
Vivid Seats Company Profile
(
Get Free Report)
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.
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