Vivid Seats (NASDAQ:SEAT) Stock Rating Reaffirmed by DA Davidson

Vivid Seats (NASDAQ:SEAT)‘s stock had its “buy” rating reaffirmed by research analysts at DA Davidson in a research report issued on Friday, Benzinga reports. They presently have a $7.00 target price on the stock. DA Davidson’s target price points to a potential upside of 30.35% from the company’s current price.

SEAT has been the subject of several other research reports. Benchmark reiterated a “buy” rating and set a $15.00 price objective on shares of Vivid Seats in a research note on Wednesday, May 1st. Canaccord Genuity Group lowered their price target on shares of Vivid Seats from $12.00 to $10.00 and set a “buy” rating on the stock in a report on Wednesday, May 8th. Maxim Group increased their price objective on shares of Vivid Seats from $7.00 to $9.00 and gave the company a “buy” rating in a report on Wednesday, May 8th. Finally, Royal Bank of Canada decreased their price target on shares of Vivid Seats from $10.00 to $8.00 and set a “sector perform” rating on the stock in a research note on Wednesday, March 6th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $9.86.

Vivid Seats Stock Performance

Vivid Seats stock opened at $5.37 on Friday. The company’s 50-day moving average price is $5.36 and its 200-day moving average price is $5.79. Vivid Seats has a twelve month low of $4.70 and a twelve month high of $8.80. The company has a quick ratio of 0.51, a current ratio of 0.57 and a debt-to-equity ratio of 1.89. The company has a market cap of $1.12 billion, a PE ratio of 9.60, a price-to-earnings-growth ratio of 3.24 and a beta of 1.20.

Vivid Seats (NASDAQ:SEAT) last issued its quarterly earnings results on Tuesday, May 7th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.05 by ($0.01). The firm had revenue of $190.85 million for the quarter, compared to the consensus estimate of $181.56 million. Vivid Seats had a net margin of 9.21% and a negative return on equity of 170.34%. On average, equities research analysts forecast that Vivid Seats will post 0.26 EPS for the current fiscal year.

Institutional Trading of Vivid Seats

Several institutional investors have recently modified their holdings of the stock. Parkside Financial Bank & Trust increased its holdings in shares of Vivid Seats by 84.7% in the 4th quarter. Parkside Financial Bank & Trust now owns 4,557 shares of the company’s stock valued at $29,000 after acquiring an additional 2,090 shares during the period. Swiss National Bank increased its stake in Vivid Seats by 5.1% in the 3rd quarter. Swiss National Bank now owns 84,500 shares of the company’s stock valued at $542,000 after buying an additional 4,100 shares during the period. Ameritas Investment Partners Inc. increased its stake in Vivid Seats by 301.6% in the 1st quarter. Ameritas Investment Partners Inc. now owns 7,449 shares of the company’s stock valued at $45,000 after buying an additional 5,594 shares during the period. DekaBank Deutsche Girozentrale acquired a new position in Vivid Seats in the 3rd quarter valued at $37,000. Finally, Tower Research Capital LLC TRC grew its stake in shares of Vivid Seats by 417.1% during the 4th quarter. Tower Research Capital LLC TRC now owns 11,308 shares of the company’s stock worth $71,000 after purchasing an additional 9,121 shares during the period. Hedge funds and other institutional investors own 39.92% of the company’s stock.

Vivid Seats Company Profile

Vivid Seats Inc operates an online ticket marketplace in the United States, Canada, and Japan. The company operates in two segments, Marketplace and Resale. The Marketplace segment acts as an intermediary between event ticket buyers and sellers; processes ticket sales on its website and mobile applications through its distribution partners; and sells tickets for sports, concerts, theater events, and other live events.