In the last trading session, 2.02 million Vivid Seats Inc (NASDAQ:SEAT) shares changed hands as the company’s beta touched 1.20. With the company’s per share price at $2.72 changed hands at $0.04 or 1.49% during last session, the market valuation stood at $568.27M. SEAT’s last price was a discount, traded about -123.9% off its 52-week high of $6.09. The share price had its 52-week low at $2.51, which suggests the last value was 7.72% up since then. When we look at Vivid Seats Inc’s average trading volume, we note the 10-day average is 2.2 million shares, with the 3-month average coming to 1.28 million.
Analysts gave the Vivid Seats Inc (SEAT) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.79. If we narrow down to specifics, the data shows that 0 out of 4 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 1 recommended SEAT as a Hold, 3 felt it is a Buy and 0 rated the stock as Underweight. Vivid Seats Inc’s EPS for the current quarter is expected to be 0.07.
Vivid Seats Inc (NASDAQ:SEAT) trade information
Instantly SEAT was in green as seen at the end of in last trading. With action -27.85%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -41.25%, with the 5-day performance at -27.85% in the red. However, in the 30-day time frame, Vivid Seats Inc (NASDAQ:SEAT) is -37.47% down. Looking at the short shares, we see there were 10.63 million shares sold at short interest cover period of 11.27 days.
The consensus price target for the stock as assigned by Wall Street analysts is 4.2, meaning bulls need an upside of 35.24% from its current market value. According to analyst projections, SEAT’s forecast low is 4.2 with 4.2 as the target high. To hit the forecast high, the stock’s price needs a -54.41% plunge from its current level, while the stock would need to soar -54.41% for it to hit the projected low.
Vivid Seats Inc (SEAT) estimates and forecasts
Year-over-year growth is forecast to reach -1.24% down from the last financial year.
Consensus estimates given by 11 financial analysts project the company’s revenue in the current quarter to hit an average of 172.03M. 11 analysts are of the opinion that Vivid Seats Inc’s revenue for the current quarter will be 179.08M. The company’s revenue for the corresponding quarters a year ago was 190.85M and 198.32M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -9.86%. The estimates for the next quarter sales put growth at -9.70%.
The 2025 estimates are for Vivid Seats Inc earnings to decrease by -16.04%, but the outlook for the next 5-year period is at 47.02% per year.
SEAT Dividends
Vivid Seats Inc is expected to release its next quarterly earnings report on 2025-Mar-11.
Vivid Seats Inc (NASDAQ:SEAT)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 14.67% of Vivid Seats Inc shares while 89.19% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 104.52%. There are 89.19% institutions holding the Vivid Seats Inc stock share, with SECURITY BENEFIT LIFE INSURANCE CO /KS/ the top institutional holder. As of 2024-06-30, the company held 33.2634% of the shares, roughly 43.84 million SEAT shares worth $252.09 million.
GRANAHAN INVESTMENT MANAGEMENT, LLC holds the second largest percentage of outstanding shares, with 3.9756% or 5.24 million shares worth $30.13 million as of 2024-06-30.
Among Mutual Funds, the top two as of Dec 31, 2024 were Janus Henderson Venture Fund and Fidelity Stock Selector Small Cap Fund . With 2.7 shares estimated at $7.35 million under it, the former controlled 2.04% of total outstanding shares. On the other hand, Fidelity Stock Selector Small Cap Fund held about 2.03% of the shares, roughly 2.69 shares worth around $7.33 million.
