Vivid Seats Inc. (NASDAQ:SEAT) Receives Average Rating of “Moderate Buy” from Brokerages

Vivid Seats Inc. (NASDAQ:SEAT) has earned an average rating of “Moderate Buy” from the ten research firms that are covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12 month target price among brokers that have covered the stock in the last year is $6.63.

A number of analysts have weighed in on the company. Piper Sandler reiterated a “neutral” rating and issued a $4.00 price target (down from $5.00) on shares of Vivid Seats in a research report on Friday, November 8th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Vivid Seats from $4.50 to $4.00 and set a “hold” rating for the company in a report on Monday, November 4th. Royal Bank of Canada decreased their price objective on shares of Vivid Seats from $7.00 to $6.00 and set a “sector perform” rating on the stock in a research note on Monday, November 11th. Bank of America reiterated a “buy” rating and issued a $6.25 target price on shares of Vivid Seats in a research note on Tuesday, December 31st. Finally, Benchmark decreased their price target on Vivid Seats from $10.00 to $8.00 and set a “buy” rating on the stock in a research report on Friday, November 8th.

Institutional Investors Weigh In On Vivid Seats

Institutional investors have recently modified their holdings of the business. SG Americas Securities LLC boosted its stake in Vivid Seats by 8.5% in the fourth quarter. SG Americas Securities LLC now owns 37,065 shares of the company’s stock valued at $172,000 after acquiring an additional 2,909 shares during the last quarter. Exchange Traded Concepts LLC increased its stake in Vivid Seats by 3.8% in the third quarter. Exchange Traded Concepts LLC now owns 99,568 shares of the company’s stock valued at $368,000 after purchasing an additional 3,676 shares in the last quarter. Rhumbline Advisers raised its holdings in Vivid Seats by 9.3% in the second quarter. Rhumbline Advisers now owns 93,197 shares of the company’s stock worth $536,000 after purchasing an additional 7,961 shares during the period. Oppenheimer & Co. Inc. bought a new position in shares of Vivid Seats during the third quarter worth $37,000. Finally, Stratos Wealth Partners LTD. acquired a new position in shares of Vivid Seats in the 4th quarter valued at $46,000. Institutional investors and hedge funds own 39.92% of the company’s stock.

Vivid Seats Stock Down 0.2 %

Shares of NASDAQ SEAT opened at $4.54 on Friday. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.74 and a current ratio of 0.79. The business has a fifty day simple moving average of $4.00 and a 200 day simple moving average of $4.12. Vivid Seats has a one year low of $3.24 and a one year high of $6.41.

Vivid Seats (NASDAQ:SEAT) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.01. Vivid Seats had a net margin of 4.56% and a return on equity of 21.29%. The firm had revenue of $186.61 million during the quarter, compared to analyst estimates of $186.61 million. During the same quarter in the prior year, the business posted $0.07 earnings per share. As a group, equities research analysts expect that Vivid Seats will post 0.12 earnings per share for the current fiscal year.

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.