A better buy-in window may exist right now for Vivid Seats Inc. (SEAT)

Vivid Seats Inc. (NASDAQ: SEAT) stock fell -1.41% on Wednesday to $7.71 against a previous-day closing price of $7.82. With 0.6 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.51 million shares. During the session, the Internet Content & Information company that operates in wider Communication Services sector, reached to the highest price of $7.85 whereas the lowest price it dropped to was $7.70. The 52-week range on SEAT shows that it touched its highest point at $9.89 and its lowest point at $6.29 during that stretch. It currently has a 1-year price target of $12.11.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of SEAT was down-trending over the past week, with a drop of -6.26%, but this was up by 10.30% over a month. The stock lost -0.26% in the past year, while it has gained 5.62% so far this year. A look at the trailing 12-month EPS for SEAT yields 0.49 with Next year EPS estimates of 0.36. For the next quarter, that number is 0.06. This implies an EPS growth rate of 940.70% for this year and 18.21% for next year.

Float and Shares Shorts:

At present, 77.41 million SEAT shares are outstanding with a float of 65.98 million shares on hand for trading. On Apr 27, 2023, short shares totaled 7.9 million, which was 10.18% higher than short shares on Mar 30, 2023. In addition to Mr. Stanley Chia as the firm’s CEO, Pres & Director, Mr. Lawrence C. Fey IV serves as its Chief Financial Officer.

Institutional Ownership:

Through their ownership of 85.31% of SEAT’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 95.31% of SEAT, in contrast to 18.46% held by mutual funds. Shares owned by individuals account for 137.00%. As the largest shareholder in SEAT with 88.61% of the stake, Security Benefit Life Insurance C holds 68,394,191 shares worth 68,394,191. A second-largest stockholder of SEAT, Massachusetts Financial Services, holds 4,567,594 shares, controlling over 5.92% of the firm’s shares. Fidelity Management & Research Co is the third largest shareholder in SEAT, holding 3,190,702 shares or 4.13% stake. With a 3.12% stake in SEAT, the MFS New Discovery Fund is the largest stakeholder. A total of 2,404,038 shares are owned by the mutual fund manager. The Janus Henderson Venture Fund, which owns about 2.69% of SEAT stock, is the second-largest Mutual Fund holder. It holds 2,074,318 shares valued at 14.89 million. Fidelity Series Small Cap Opportu holds 2.48% of the stake in SEAT, owning 1,914,616 shares worth 13.75 million.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2023, SEAT reported revenue of $147.69M and operating income of $17.93M. The EBITDA in the recently reported quarter was $28.48M and diluted EPS was $0.12.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for SEAT since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With SEAT analysts setting a high price target of $20.00 and a low target of $9.00, the average target price over the next 12 months is $12.20. Based on these targets, SEAT could surge 159.4% to reach the target high and rise by 16.73% to reach the target low. Reaching the average price target will result in a growth of 58.24% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.

Summary of Insider Activity:

Insiders traded SEAT stock several times over the past three months with 5 Buys and 4 Sells. In these transactions, 248,533 shares were bought while 15,122,893 shares were sold. The number of buy transactions has increased to 30 while that of sell transactions has risen to 18 over the past year. The total number of shares bought during that period was 1,645,892 while 39,049,871 shares were sold.

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