Sunday, June 26, 2022

The Potential Rise in the Price of Vivid Seats Inc. (SEAT) following insiders activity

Vivid Seats Inc.’s filing revealed that its Chief Accounting Officer Pickus Edward unloaded Company’s shares for reported $5434.0 on Apr 20. In the deal valued at $10.35 per share,525 shares were sold. As a result of this transaction, Pickus Edward now holds 2,470 shares worth roughly $ 20328.100000000002.


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Then, Wagner Jonathan Miles sold 1,790 shares, generating $18,526 in total proceeds. Upon selling the shares at $10.35, the Chief Technology Officer now owns 8,571 shares.

Before that, Morris David E. sold 445 shares. Vivid Seats Inc. shares valued at $4,606 were divested by the General Counsel at a price of $10.35 per share. As a result of the transaction, Morris David E. now holds 2,028 shares, worth roughly $16690.440000000002.

Meanwhile, Credit Suisse initiated its Vivid Seats Inc. [SEAT] rating to an Outperform in a research note published on Tuesday, January 31, 2022; the price target was $16. PT values the company’s stock at a premium of 48.56 to its Tuesday closing price. A number of analysts have revised their coverage, including Citigroup’s analysts, who increased its forecast for the stock in early January from “a Neutral” to “a Buy”. Raymond James began covering SEAT with a “an Outperform” recommendation on November 18, 2021. William Blair started covering the stock on November 16, 2021. It rated SEAT as “an Outperform”.

Price Performance Review of SEAT

On Tuesday, Vivid Seats Inc. [NASDAQ:SEAT] saw its stock jump 2.87% to $8.23. On the same session, the stock had its day’s lowest price of $8.11, but rose to a high of $8.49. Over the last five days, the stock has gained 8.15%. Vivid Seats Inc. shares have fallen nearly -24.36% since the year began. Nevertheless, the stocks have fallen -16.22% over the past one year. A total of 0.73 million shares were traded, compared to the trading of 0.93 million shares in the previous session.

Levels Of Support And Resistance For SEAT Stock

The 24-hour chart illustrates a support level at 8.06, which if violated will result in even more drops to 7.90. On the upside, there is a resistance level at 8.44. A further resistance level may holdings at 8.66. The Relative Strength Index (RSI) on the 14-day chart is 47.38, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.56, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 54.22%. Stochastics %K at 37.67% indicates the stock is a holding.

How much short interest is there in Vivid Seats Inc.?

A steep rise in short interest was recorded in Vivid Seats Inc. stocks on Apr 28, 2022, dropping by 90000.0 shares to a total of 5.25 million shares. Yahoo Finance data shows the prior-month short interest on Mar 30, 2022 was 5.34 million shares. There was a decline of -1.71%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 21.40% of the overall stock float, the days-to-cover ratio (short ratio) fell to 13.42.

Vivid Seats Inc. [SEAT] – Who Are The Largest Shareholders?

At present, Emerald Advisers LLC is holding 1,073,320 shares valued at $9.8 million. Emerald Mutual Fund Advisers Trus owned 871,251 shares of the company at the time of its most recent 13F filing, worth $7.95 million.

According to FactSet, Vivid Seats Inc.’s share price will average $14.13 in the next year, based on opinions of analysts polled by the firm. This is up nearly 75.0 percent from its previous closing price of $8.00. Analysts expect Vivid Seats Inc. stock to reach the higher price of $23.00, while the lowest price estimate is $10.00. However, 9 analysts have rated SEAT stock as a Buy in their predictions for 2022. The most recent change occurred on November 16, 2021 when Loop Capital began covering the stock and recommended ‘”a Buy”‘ rating along with a $15 price target.

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