Vivid Seats Sees Unusually Large Options Volume (NASDAQ:SEAT)

by · The Cerbat Gem

Vivid Seats Inc. (NASDAQ:SEAT – Get Free Report) saw some unusual options trading on Monday. Stock traders bought 30,196 call options on the stock. This is an increase of 1,910% compared to the typical daily volume of 1,502 call options.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on SEAT shares. Benchmark lowered their price objective on shares of Vivid Seats from $8.00 to $6.00 and set a “buy” rating on the stock in a research report on Thursday, March 13th. Canaccord Genuity Group dropped their price target on Vivid Seats from $6.00 to $5.00 and set a “buy” rating on the stock in a research note on Thursday, March 13th. Raymond James cut Vivid Seats from a “moderate buy” rating to a “hold” rating in a research report on Thursday, March 13th. Morgan Stanley cut their price target on Vivid Seats from $4.60 to $3.75 and set an “equal weight” rating for the company in a research note on Thursday, March 13th. Finally, Bank of America reissued an “underperform” rating and issued a $2.60 price objective (down previously from $6.25) on shares of Vivid Seats in a report on Thursday, March 13th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $5.49.

Check Out Our Latest Analysis on SEAT

Institutional Investors Weigh In On Vivid Seats

Institutional investors have recently added to or reduced their stakes in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Vivid Seats by 23.3% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 89,800 shares of the company’s stock worth $332,000 after acquiring an additional 16,976 shares during the last quarter. State Street Corp grew its position in shares of Vivid Seats by 3.5% during the third quarter. State Street Corp now owns 1,486,894 shares of the company’s stock valued at $5,502,000 after purchasing an additional 49,870 shares in the last quarter. Barclays PLC increased its holdings in shares of Vivid Seats by 353.2% in the third quarter. Barclays PLC now owns 125,163 shares of the company’s stock worth $462,000 after purchasing an additional 97,546 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Vivid Seats by 18.9% in the third quarter. Geode Capital Management LLC now owns 1,975,047 shares of the company’s stock worth $7,309,000 after buying an additional 314,482 shares in the last quarter. Finally, SG Americas Securities LLC lifted its position in shares of Vivid Seats by 8.5% in the fourth quarter. SG Americas Securities LLC now owns 37,065 shares of the company’s stock worth $172,000 after buying an additional 2,909 shares in the last quarter. 39.92% of the stock is owned by hedge funds and other institutional investors.

Vivid Seats Stock Performance

Shares of Vivid Seats stock traded up $0.05 during trading hours on Monday, hitting $2.36. The company’s stock had a trading volume of 3,437,241 shares, compared to its average volume of 1,477,484. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.79 and a quick ratio of 0.74. Vivid Seats has a 12-month low of $2.15 and a 12-month high of $6.09. The business has a 50 day moving average price of $3.32 and a two-hundred day moving average price of $3.76.

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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