Vivid Seats (NASDAQ:SEAT) Receives Underperform Rating from Bank of America

Vivid Seats (NASDAQ:SEAT)‘s stock had its “underperform” rating restated by equities research analysts at Bank of America in a research note issued to investors on Thursday, Marketbeat.com reports. They currently have a $2.60 price target on the stock, down from their previous price target of $6.25. Bank of America‘s price target points to a potential downside of 9.09% from the company’s current price.

Vivid Seats Stock Performance

Shares of NASDAQ SEAT opened at $2.86 on Thursday. The business’s 50-day moving average price is $4.29 and its two-hundred day moving average price is $4.02. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.74 and a current ratio of 0.79. Vivid Seats has a one year low of $2.51 and a one year high of $6.09.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of SEAT. FMR LLC boosted its stake in shares of Vivid Seats by 3.4% during the 3rd quarter. FMR LLC now owns 5,970,058 shares of the company’s stock worth $22,089,000 after acquiring an additional 195,625 shares in the last quarter. Emeth Value Capital LLC bought a new stake in shares of Vivid Seats during the 4th quarter worth about $23,250,000. Vanguard Group Inc. boosted its stake in shares of Vivid Seats by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 4,897,627 shares of the company’s stock worth $22,676,000 after acquiring an additional 22,285 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of Vivid Seats by 2.9% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 4,496,163 shares of the company’s stock worth $16,636,000 after acquiring an additional 125,035 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Vivid Seats by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 2,008,228 shares of the company’s stock worth $9,301,000 after acquiring an additional 33,181 shares in the last quarter. 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.