In last trading session, Vivid Seats Inc (NASDAQ:SEAT) saw 1.27 million shares changing hands with its beta currently measuring 1.29. Company’s recent per share price level of $3.58 trading at -$0.08 or -2.19% at ring of the bell on the day assigns it a market valuation of $472.06M. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.37 million shares which gives us an average trading volume of 1.50 million if we extend that period to 3-months.
For Vivid Seats Inc (SEAT), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.64. Splitting up the data highlights that, out of 4 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 1 suggested the stock as a Hold whereas 3 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0.03 in the current quarter.
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Vivid Seats Inc (NASDAQ:SEAT) trade information
Upright in the red during last session for losing -2.19%, in the last five days SEAT remained trading in the red while hitting it’s week-highest on Friday, 09/20/24 when the stock touched $3.58 price level, adding 7.25% to its value on the day. Vivid Seats Inc’s shares saw a change of -43.35% in year-to-date performance and have moved -7.25% in past 5-day. Vivid Seats Inc (NASDAQ:SEAT) showed a performance of -23.18% in past 30-days. Number of shares sold short was 11.84 million shares which calculate 8.21 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 6.75 to the stock, which implies a rise of 46.96% to its current value. Analysts have been projecting 4.5 as a low price target for the stock while placing it at a high target of 10.5. It follows that stock’s current price would drop -25.7% in reaching the projected high whereas dropping to the targeted low would mean a loss of -25.7% for stock’s current value.
Vivid Seats Inc (SEAT) estimates and forecasts
Statistics highlight that Vivid Seats Inc is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -38.70% of value to its shares in past 6 months, showing an annual growth rate of -46.15% while that of industry is 17.70. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 13.80% from the last financial year’s standing.
12 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 189.62M for the same. And 12 analysts are in estimates of company making revenue of 232.01M in the next quarter. Company posted 188.13M and 198.3M of sales in current and next quarters respectively a year earlier.
In 2024, company’s earnings growth rate is likely to be around -64.24% while estimates for its earnings growth in next 5 years are of 10.88%.
Vivid Seats Inc (NASDAQ:SEAT)’s Major holders
Insiders are in possession of 14.76% of company’s total shares while institution are holding 86.34 percent of that, with stock having share float percentage of 101.29%. Investors also watch the number of corporate investors in a company very closely, which is 86.34% institutions for Vivid Seats Inc that are currently holding shares of the company. SECURITY BENEFIT LIFE INSURANCE CO /KS/ is the top institutional holder at SEAT for having 43.84 million shares of worth $252.09 million. And as of 2024-06-30, it was holding 0.0333 of the company’s outstanding shares.
The second largest institutional holder is FMR LLC, which was holding about 5.77 million shares on 2024-06-30. The number of shares represents firm’s hold over 0.0044 of outstanding shares, having a total worth of $33.2 million.
