Additionally, on January 19, 2025, Pickus acquired 1,816 shares of Class A common stock through the vesting of Restricted Stock Units (RSUs). These RSUs were acquired at no cost as part of his compensation package. Following these transactions, Pickus holds a total of 51,490 shares in the company. InvestingPro data shows the company has demonstrated strong returns in recent months and maintains profitability, with 8 additional key insights available to subscribers through the comprehensive Pro Research Report. InvestingPro data shows the company has demonstrated strong returns in recent months and maintains profitability, with 8 additional key insights available to subscribers through the comprehensive Pro Research Report.
Additionally, on January 19, 2025, Pickus acquired 1,816 shares of Class A common stock through the vesting of Restricted Stock Units (RSUs). These RSUs were acquired at no cost as part of his compensation package. Following these transactions, Pickus holds a total of 51,490 shares in the company.
In other recent news, online ticket marketplace Vivid Seats Inc. is reportedly exploring a potential sale following interest from private equity firms, as noted in multiple reports. BofA Securities maintained its Buy rating for the company, despite a year-to-date downturn in the company's stock. Similarly, Raymond (NSE:RYMD) James confirmed an Outperform rating, and DA Davidson continued to recommend a Buy rating, albeit with a reduced price target. RBC (TSX:RY) Capital Markets, on the other hand, maintained a Sector Perform rating, adjusting the price target downward. These assessments come amid recent developments in the company's financial performance. Vivid Seats reported revenues of $187 million for the third quarter of 2024, along with a 13% year-over-year decline in marketplace gross order value. Despite these challenges, the company anticipates a return to growth in 2025, with plans for international expansion and cross-selling through Vegas.com.
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