Vivid Seats (NASDAQ:SEAT) Shares Gap Down – Here’s What Happened

Shares of Vivid Seats Inc. (NASDAQ:SEAT) gapped down prior to trading on Friday . The stock had previously closed at $4.15, but opened at $4.04. Vivid Seats shares last traded at $4.08, with a volume of 14,531 shares changing hands.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on SEAT. Benchmark reduced their price objective on shares of Vivid Seats from $10.00 to $8.00 and set a “buy” rating on the stock in a research note on Friday, November 8th. Bank of America reaffirmed a “buy” rating and set a $6.25 price objective on shares of Vivid Seats in a research note on Tuesday, December 31st. Royal Bank of Canada decreased their target price on Vivid Seats from $7.00 to $6.00 and set a “sector perform” rating for the company in a research note on Monday, November 11th. Finally, Piper Sandler reiterated a “neutral” rating and set a $4.00 price objective (down previously from $5.00) on shares of Vivid Seats in a report on Friday, November 8th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, Vivid Seats has a consensus rating of “Moderate Buy” and an average price target of $6.63.

Vivid Seats Stock Performance

The firm’s fifty day simple moving average is $4.42 and its 200 day simple moving average is $4.07. The company has a quick ratio of 0.74, a current ratio of 0.79 and a debt-to-equity ratio of 1.17.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Oppenheimer & Co. Inc. acquired a new position in Vivid Seats in the 3rd quarter worth about $37,000. Stratos Wealth Partners LTD. bought a new position in Vivid Seats in the 4th quarter valued at approximately $46,000. Quinn Opportunity Partners LLC acquired a new stake in Vivid Seats during the 4th quarter worth approximately $46,000. BNP Paribas Financial Markets bought a new stake in Vivid Seats during the 4th quarter worth approximately $53,000. Finally, Stoneridge Investment Partners LLC acquired a new position in Vivid Seats in the 4th quarter valued at approximately $53,000. 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.