Vivid Seats (NASDAQ:SEAT) Stock Price Down 4.7% – Should You Sell?

Vivid Seats Inc. (NASDAQ:SEAT) was down 4.7% during mid-day trading on Monday . The company traded as low as $3.40 and last traded at $3.41. Approximately 124,122 shares were traded during trading, a decline of 91% from the average daily volume of 1,393,854 shares. The stock had previously closed at $3.58.

Wall Street Analyst Weigh In

SEAT has been the subject of several analyst reports. DA Davidson lowered their price objective on Vivid Seats from $6.50 to $6.00 and set a “buy” rating for the company in a research report on Thursday, September 12th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Vivid Seats from $4.50 to $4.00 and set a “hold” rating on the stock in a research report on Monday, November 4th. Benchmark decreased their price objective on shares of Vivid Seats from $10.00 to $8.00 and set a “buy” rating for the company in a research note on Friday, November 8th. Maxim Group cut their target price on Vivid Seats from $9.00 to $8.00 and set a “buy” rating on the stock in a research report on Monday, November 4th. Finally, Craig Hallum decreased their target price on Vivid Seats from $10.00 to $8.00 and set a “buy” rating for the company in a research report on Tuesday, September 10th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $6.67.

Vivid Seats Stock Down 3.1 %

The stock has a fifty day moving average of $3.77 and a two-hundred day moving average of $4.48. The company has a quick ratio of 0.74, a current ratio of 0.79 and a debt-to-equity ratio of 1.17. The stock has a market cap of $720.88 million, a price-to-earnings ratio of 6.29, a PEG ratio of 16.30 and a beta of 1.18.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. Barclays PLC raised its stake in shares of Vivid Seats by 353.2% in the 3rd quarter. Barclays PLC now owns 125,163 shares of the company’s stock valued at $462,000 after acquiring an additional 97,546 shares during the period. Geode Capital Management LLC lifted its stake in shares of Vivid Seats by 18.9% during the third quarter. Geode Capital Management LLC now owns 1,975,047 shares of the company’s stock worth $7,309,000 after purchasing an additional 314,482 shares in the last quarter. Covalent Partners LLC boosted its position in shares of Vivid Seats by 66.7% in the third quarter. Covalent Partners LLC now owns 375,000 shares of the company’s stock worth $1,388,000 after buying an additional 150,000 shares during the period. State Street Corp boosted its position in shares of Vivid Seats by 3.5% in the third quarter. State Street Corp now owns 1,486,894 shares of the company’s stock worth $5,502,000 after buying an additional 49,870 shares during the period. Finally, Clearline Capital LP raised its holdings in shares of Vivid Seats by 6.1% during the 3rd quarter. Clearline Capital LP now owns 817,996 shares of the company’s stock valued at $3,027,000 after buying an additional 47,198 shares during the period. Hedge funds and other institutional investors own 39.92% of the company’s stock.

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.