Vivid Seats (NASDAQ:SEAT) Announces Quarterly Earnings Results, Misses Estimates By $0.46 EPS

Vivid Seats (NASDAQ:SEAT) posted its earnings results on Monday. The company reported ($1.54) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.08) by ($0.46), Zacks reports. Vivid Seats had a negative return on equity of 211.26% and a negative net margin of 60.26%.

Vivid Seats Stock Performance

SEAT opened at $2.09 on Monday. The stock has a market capitalization of $23.49 million, a price-to-earnings ratio of -0.05 and a beta of 1.08. The company has a fifty day moving average of $3.68 and a 200 day moving average of $6.30. Vivid Seats has a fifty-two week low of $2.03 and a fifty-two week high of $11.03.

Analyst Ratings Changes

Several equities research analysts have issued reports on SEAT shares. Benchmark lifted their target price on shares of Vivid Seats from $10.00 to $16.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. Royal Bank Of Canada restated a “sector perform” rating and set a $9.00 price objective (up from $8.00) on shares of Vivid Seats in a research report on Wednesday, August 5th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Vivid Seats in a report on Friday, September 4th. Wall Street Zen upgraded shares of Vivid Seats from a “sell” rating to a “hold” rating in a research report on Saturday, August 15th. Finally, Morgan Stanley set a $5.00 target price on Vivid Seats in a research note on Thursday, October 29th. Two analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $9.79.

Vivid Seats Company Profile

Vivid Seats Inc (NASDAQ: SEAT) operates an online marketplace that connects fans with ticket sellers for live entertainment and sporting events. Through its website and mobile applications, the company offers tickets to concerts, professional and college sports, theater productions, comedy shows and other events.

The platform is designed to support the full ticket-buying process, including event discovery, ticket selection and digital delivery. Vivid Seats also provides tools and services for ticket sellers and event organizers, while its Vivid Seats Rewards program is intended to encourage repeat purchases through customer benefits.

Founded in 2011, Vivid Seats is headquartered in Chicago and primarily serves customers in the United States and Canada.