Vivid Seats Inc. (NASDAQ:SEAT) Receives $21.88 Consensus Price Target from Brokerages

Shares of Vivid Seats Inc. (NASDAQ:SEAT) have been assigned a consensus recommendation of “Hold” from the eleven analysts that are covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $21.8750.

A number of equities analysts have commented on SEAT shares. Canaccord Genuity Group decreased their target price on Vivid Seats from $23.00 to $12.00 and set a “hold” rating for the company in a research note on Friday, November 7th. Royal Bank Of Canada set a $12.00 price target on Vivid Seats and gave the stock a “sector perform” rating in a report on Friday, November 7th. Citigroup lowered their price objective on Vivid Seats from $13.00 to $10.00 and set a “neutral” rating for the company in a research note on Monday, November 17th. Benchmark reiterated a “buy” rating and issued a $18.00 target price (down from $26.00) on shares of Vivid Seats in a research note on Friday, November 7th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Vivid Seats in a research report on Wednesday, October 8th.

Vivid Seats Stock Performance

Vivid Seats stock opened at $7.24 on Friday. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.67 and a quick ratio of 0.60. Vivid Seats has a 12 month low of $6.15 and a 12 month high of $100.00. The company has a fifty day moving average price of $7.90 and a two-hundred day moving average price of $16.58. The company has a market cap of $77.69 million, a PE ratio of 2.69 and a beta of 0.90.

Vivid Seats (NASDAQ:SEAT) last posted its quarterly earnings results on Thursday, November 6th. The company reported ($1.91) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.68) by ($0.23). Vivid Seats had a positive return on equity of 4.50% and a negative net margin of 24.08%.The business had revenue of $136.37 million during the quarter, compared to the consensus estimate of $131.38 million. Research analysts expect that Vivid Seats will post 0.12 earnings per share for the current year.

Institutional Investors Weigh In On Vivid Seats

Large investors have recently made changes to their positions in the company. First Trust Advisors LP lifted its holdings in shares of Vivid Seats by 2.7% in the second quarter. First Trust Advisors LP now owns 297,688 shares of the company’s stock valued at $503,000 after purchasing an additional 7,940 shares in the last quarter. Equitable Trust Co. raised its position in Vivid Seats by 6.9% during the second quarter. Equitable Trust Co. now owns 167,060 shares of the company’s stock valued at $282,000 after buying an additional 10,800 shares during the period. Capstone Financial Advisors Inc. purchased a new stake in Vivid Seats in the 2nd quarter worth about $25,000. Jump Financial LLC acquired a new stake in Vivid Seats during the 2nd quarter worth about $32,000. Finally, Raymond James Financial Inc. acquired a new stake in Vivid Seats during the 2nd quarter worth about $35,000. Institutional investors and hedge funds own 39.92% of the company’s stock.

Vivid Seats Company Profile

Vivid Seats, traded on NASDAQ under the ticker SEAT, operates an online ticket marketplace that connects buyers and sellers of live event tickets. The company specializes in facilitating purchases for sports games, concerts, theater productions and other entertainment experiences. Through its digital platform and mobile application, Vivid Seats offers real-time access to available tickets, transparent pricing and a 100% Buyer Guarantee, which ensures ticket authenticity and timely delivery.

Founded in 2001 and headquartered in Chicago, Illinois, Vivid Seats has grown from a regional reseller into one of North America’s leading ticket marketplaces.