Vivid Seats (NASDAQ:SEAT) Releases Quarterly Earnings Results, Misses Expectations By $0.12 EPS

Vivid Seats (NASDAQ:SEAT) released its earnings results on Tuesday. The company reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.12), Zacks reports. Vivid Seats had a return on equity of 21.29% and a net margin of 4.56%.

Vivid Seats Price Performance

Vivid Seats stock traded down $0.92 during midday trading on Tuesday, hitting $1.88. 1,353,507 shares of the company’s stock were exchanged, compared to its average volume of 1,389,535. The firm’s 50 day simple moving average is $2.97 and its 200 day simple moving average is $3.67. Vivid Seats has a 12-month low of $1.77 and a 12-month high of $6.09. The company has a current ratio of 0.79, a quick ratio of 0.74 and a debt-to-equity ratio of 1.17.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on SEAT shares. Canaccord Genuity Group lowered their price target on shares of Vivid Seats from $6.00 to $5.00 and set a “buy” rating on the stock in a research report on Thursday, March 13th. Morgan Stanley decreased their target price on shares of Vivid Seats from $4.60 to $3.75 and set an “equal weight” rating on the stock in a research report on Thursday, March 13th. Bank of America reiterated an “underperform” rating and issued a $2.60 target price (down from $6.25) on shares of Vivid Seats in a report on Thursday, March 13th. Raymond James lowered Vivid Seats from a “moderate buy” rating to a “hold” rating in a report on Thursday, March 13th. Finally, Royal Bank of Canada cut their price objective on shares of Vivid Seats from $6.00 to $4.00 and set a “sector perform” rating on the stock in a report on Thursday, March 13th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Vivid Seats has a consensus rating of “Hold” and a consensus price target of $5.49.

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.