In a report released today, Ryan Sigdahl from Craig-Hallum maintained a Buy rating on Vivid Seats (SEAT – Research Report). The company’s shares closed yesterday at $5.95.
According to TipRanks, Sigdahl is a 5-star analyst with an average return of 21.5% and a 52.68% success rate. Sigdahl covers the Consumer Cyclical sector, focusing on stocks such as Lithia Motors, Penn National Gaming, and Inspired Entertainment.
Vivid Seats has an analyst consensus of Moderate Buy, with a price target consensus of $9.33.
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Based on Vivid Seats’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $154.39 million and a net profit of $690 thousand. In comparison, last year the company earned a revenue of $130.54 million and had a net profit of $18.76 million
Based on the recent corporate insider activity of 64 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SEAT in relation to earlier this year. Most recently, in December 2023, Hoya Topco, LLC, a Major Shareholder at SEAT sold 23,575,000.00 shares for a total of $147,108,000.00.
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Vivid Seats (SEAT) Company Description:
Horizon Acquisition Corp is a blank check company.
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