Vivid Seats Inc. (NASDAQ:SEAT) Insider Sells $11,116.42 in Stock

Vivid Seats Inc. (NASDAQ:SEATGet Free Report) insider Riva Bakal sold 2,051 shares of the business’s stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $5.42, for a total value of $11,116.42. Following the completion of the transaction, the insider now owns 110,761 shares of the company’s stock, valued at approximately $600,324.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Riva Bakal also recently made the following trade(s):

  • On Monday, April 22nd, Riva Bakal sold 1,136 shares of Vivid Seats stock. The shares were sold at an average price of $5.90, for a total value of $6,702.40.

Vivid Seats Price Performance

NASDAQ SEAT opened at $5.17 on Friday. The business’s fifty day moving average is $5.40 and its 200 day moving average is $5.89. Vivid Seats Inc. has a fifty-two week low of $4.70 and a fifty-two week high of $8.80. The company has a debt-to-equity ratio of 1.89, a quick ratio of 0.51 and a current ratio of 0.57. The company has a market capitalization of $1.07 billion, a PE ratio of 9.40, a price-to-earnings-growth ratio of 3.17 and a beta of 1.20.

Vivid Seats (NASDAQ:SEATGet Free Report) last posted its quarterly earnings data on Tuesday, May 7th. The company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.01). The company had revenue of $190.85 million for the quarter, compared to analysts’ expectations of $181.56 million. Vivid Seats had a net margin of 9.21% and a negative return on equity of 170.34%. Sell-side analysts predict that Vivid Seats Inc. will post 0.26 earnings per share for the current year.

Hedge Funds Weigh In On Vivid Seats

Several large investors have recently added to or reduced their stakes in SEAT. Clearbridge Investments LLC bought a new stake in shares of Vivid Seats during the 4th quarter valued at $10,815,000. Blackstone Inc. purchased a new stake in Vivid Seats in the 4th quarter worth $4,424,000. Victory Capital Management Inc. raised its holdings in Vivid Seats by 68.4% during the fourth quarter. Victory Capital Management Inc. now owns 35,774 shares of the company’s stock valued at $226,000 after acquiring an additional 14,527 shares during the period. Millrace Asset Group Inc. purchased a new position in shares of Vivid Seats in the fourth quarter valued at about $1,687,000. Finally, Brandywine Global Investment Management LLC boosted its stake in shares of Vivid Seats by 8.2% in the third quarter. Brandywine Global Investment Management LLC now owns 1,515,576 shares of the company’s stock worth $9,730,000 after acquiring an additional 114,815 shares during the period. Hedge funds and other institutional investors own 39.92% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on SEAT shares. DA Davidson assumed coverage on shares of Vivid Seats in a research note on Thursday, May 30th. They set a “buy” rating and a $7.00 target price on the stock. Royal Bank of Canada lowered 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 report on Wednesday, March 6th. Benchmark reiterated a “buy” rating and set a $15.00 target price on shares of Vivid Seats in a research note on Wednesday, May 1st. Canaccord Genuity Group lowered their price target on Vivid Seats from $12.00 to $10.00 and set a “buy” rating on the stock in a report on Wednesday, May 8th. Finally, Maxim Group lifted their price objective on Vivid Seats from $7.00 to $9.00 and gave the stock a “buy” rating in a report on Wednesday, May 8th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $9.86.

Check Out Our Latest Report on Vivid Seats

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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Insider Buying and Selling by Quarter for Vivid Seats (NASDAQ:SEAT)

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