Vivid Seats (NASDAQ:SEAT) Trading Up 7.1% – Still a Buy?

Vivid Seats Inc. (NASDAQ:SEAT) was up 7.1% during mid-day trading on Tuesday . The company traded as high as $4.73 and last traded at $4.66. Approximately 1,285,909 shares were traded during mid-day trading, an increase of 40% from the average daily volume of 920,529 shares. The stock had previously closed at $4.35.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Piper Sandler restated a “neutral” rating and issued a $4.00 target price (down from $5.00) on shares of Vivid Seats in a research note on Friday, November 8th. Citigroup lowered their price objective on Vivid Seats from $10.00 to $9.00 and set a “buy” rating for the company in a research note on Friday, September 20th. Royal Bank of Canada cut their target price on Vivid Seats from $7.00 to $6.00 and set a “sector perform” rating on the stock in a research note on Monday, November 11th. Maxim Group reduced their price target on shares of Vivid Seats from $9.00 to $8.00 and set a “buy” rating for the company in a report on Monday, November 4th. Finally, Bank of America reaffirmed a “buy” rating and issued a $6.25 price objective on shares of Vivid Seats in a report on Tuesday, December 31st. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Vivid Seats has a consensus rating of “Moderate Buy” and a consensus price target of $6.63.

Vivid Seats Price Performance

The firm’s fifty day moving average is $3.84 and its two-hundred day moving average is $4.18. 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

A number of institutional investors have recently made changes to their positions in the stock. Oppenheimer & Co. Inc. acquired a new position in shares of Vivid Seats during the third quarter valued at approximately $37,000. Marshall Wace LLP bought a new position in Vivid Seats during the 2nd quarter valued at $67,000. Intech Investment Management LLC acquired a new position in shares of Vivid Seats during the 3rd quarter valued at $87,000. Ashton Thomas Securities LLC raised its stake in shares of Vivid Seats by 83.6% in the 3rd quarter. Ashton Thomas Securities LLC now owns 25,595 shares of the company’s stock worth $95,000 after buying an additional 11,655 shares in the last quarter. Finally, Plan Group Financial LLC lifted its holdings in shares of Vivid Seats by 148.0% in the third quarter. Plan Group Financial LLC now owns 32,282 shares of the company’s stock valued at $119,000 after buying an additional 19,264 shares during the period. 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.