In a report released yesterday, Brad Erickson from RBC Capital maintained a Hold rating on Vivid Seats (SEAT – Research Report), with a price target of $8.00. The company’s shares closed yesterday at $5.35.
Erickson covers the Consumer Cyclical sector, focusing on stocks such as Amazon, Expedia, and Carvana Co. According to TipRanks, Erickson has an average return of 19.8% and a 53.13% success rate on recommended stocks.
In addition to RBC Capital, Vivid Seats also received a Hold from Morgan Stanley’s Cameron Mansson-Perrone in a report issued today. However, on the same day, Benchmark Co. initiated coverage with a Buy rating on Vivid Seats (NASDAQ: SEAT).
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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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