Vivid Seats Inc. (NASDAQ:SEAT - Get Free Report) insider Riva Bakal sold 3,100 shares of the business's stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $4.03, for a total value of $12,493.00. Following the completion of the sale, the insider now owns 124,938 shares in the company, valued at approximately $503,500.14. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
Riva Bakal also recently made the following trade(s):
- On Monday, July 22nd, Riva Bakal sold 1,717 shares of Vivid Seats stock. The shares were sold at an average price of $5.26, for a total value of $9,031.42.
Vivid Seats Stock Up 0.5 %
SEAT opened at $3.98 on Friday. Vivid Seats Inc. has a 1-year low of $3.58 and a 1-year high of $8.80. The stock's fifty day simple moving average is $4.66 and its 200 day simple moving average is $5.21. The company has a current ratio of 0.79, a quick ratio of 0.73 and a debt-to-equity ratio of 2.48. The stock has a market cap of $828.16 million, a PE ratio of 7.41, a price-to-earnings-growth ratio of 15.64 and a beta of 1.22.
Vivid Seats (NASDAQ:SEAT - Get Free Report) last posted its quarterly earnings results on Tuesday, August 6th. The company reported ($0.01) earnings per share for the quarter, missing analysts' consensus estimates of $0.07 by ($0.08). Vivid Seats had a net margin of 4.73% and a return on equity of 57.44%. The business had revenue of $198.32 million during the quarter, compared to the consensus estimate of $194.68 million. During the same quarter last year, the company posted $0.20 EPS. As a group, research analysts expect that Vivid Seats Inc. will post 0.14 earnings per share for the current year.
Institutional Inflows and Outflows
Biden’s Capital Gains Tax to Devastate Savings!
From Golden Crest | Ad
Don't let the corrupt elites dictate your future—ACT NOW! This guide is your first step towards financial independence and security.
>> Get Your FREE Wealth Protection Guide <<
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Clearbridge Investments LLC acquired a new position in Vivid Seats in the 4th quarter valued at $10,815,000. Blackstone Inc. acquired a new position in Vivid Seats in the 4th quarter valued at $4,424,000. HBK Investments L P acquired a new position in Vivid Seats in the 4th quarter valued at $4,424,000. Victory Capital Management Inc. grew its holdings in Vivid Seats by 68.4% in the 4th quarter. Victory Capital Management Inc. now owns 35,774 shares of the company's stock valued at $226,000 after buying an additional 14,527 shares in the last quarter. Finally, Janus Henderson Group PLC grew its holdings in Vivid Seats by 10.1% in the 1st quarter. Janus Henderson Group PLC now owns 2,979,885 shares of the company's stock valued at $17,849,000 after buying an additional 273,734 shares in the last quarter. 39.92% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of equities research analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft dropped their price objective on Vivid Seats from $5.50 to $4.50 and set a "hold" rating on the stock in a research note on Monday, August 12th. Benchmark dropped their price objective on Vivid Seats from $15.00 to $10.00 and set a "buy" rating on the stock in a research note on Tuesday. Craig Hallum dropped their price objective on Vivid Seats from $10.00 to $8.00 and set a "buy" rating on the stock in a research note on Tuesday. Canaccord Genuity Group dropped their price objective on Vivid Seats from $8.00 to $7.00 and set a "buy" rating on the stock in a research note on Thursday. Finally, Piper Sandler dropped their price objective on Vivid Seats from $7.00 to $5.00 and set a "neutral" rating on the stock in a research note on Wednesday, August 7th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $7.06.
View Our Latest Analysis 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.
See Also
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
