Vivid Seats (NASDAQ:SEAT) Reaches New 52-Week Low – Should You Sell?

Vivid Seats Inc. (NASDAQ:SEAT) hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $2.49 and last traded at $2.55, with a volume of 1284 shares traded. The stock had previously closed at $2.57.

Analysts Set New Price Targets

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

Vivid Seats Stock Performance

The stock’s 50 day moving average price is $3.76 and its 200-day moving average price is $3.85. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.74 and a current ratio of 0.79.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. SG Americas Securities LLC lifted its position in shares of Vivid Seats by 8.5% during the fourth quarter. SG Americas Securities LLC now owns 37,065 shares of the company’s stock valued at $172,000 after buying an additional 2,909 shares during the last quarter. Plan Group Financial LLC raised its stake in shares of Vivid Seats by 9.4% during the 4th quarter. Plan Group Financial LLC now owns 35,330 shares of the company’s stock worth $164,000 after acquiring an additional 3,048 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in Vivid Seats by 17.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 29,251 shares of the company’s stock valued at $136,000 after acquiring an additional 4,288 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Vivid Seats by 0.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 741,722 shares of the company’s stock valued at $3,434,000 after acquiring an additional 5,828 shares in the last quarter. Finally, American Century Companies Inc. grew its holdings in Vivid Seats by 9.6% in the fourth quarter. American Century Companies Inc. now owns 96,396 shares of the company’s stock worth $446,000 after purchasing an additional 8,450 shares during the last quarter. 39.92% of the stock is currently owned by hedge funds and other institutional investors.

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.