Craig-Hallum analyst Ryan Sigdahl maintained a Buy rating on Vivid Seats (SEAT – Research Report) today. The company’s shares closed last Friday at $6.11.
According to TipRanks, Sigdahl is a 5-star analyst with an average return of 23.3% and a 54.63% success rate. Sigdahl covers the Consumer Cyclical sector, focusing on stocks such as Lithia Motors, Rush Street Interactive, and Full House Resorts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Vivid Seats with a $9.33 average price target.
See Insiders’ Hot Stocks on TipRanks >>
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.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Vivid Seats (SEAT) Company Description:
Horizon Acquisition Corp is a blank check company.
Read More on SEAT:
- Is SEAT a Buy, Before Earnings?
- Vivid Seats to Participate in Morgan Stanley’s 2024 Technology, Media & Telecom Conference
- Vivid Seats to Report Fourth Quarter and Full Year 2023 Financial Results
- Vivid Seats Shareholders Approve Key Governance Proposals
- Vivid Seats Shareholders Approve Incentive Plan Amendment
