Vivid Seats Inc. (NASDAQ:SEAT) Receives Average Rating of “Hold” from Analysts

Shares of Vivid Seats Inc. (NASDAQ:SEAT) have earned a consensus recommendation of “Hold” from the eleven brokerages that are currently covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $14.2650.

SEAT has been the subject of a number of recent research reports. Morgan Stanley set a $7.00 target price on Vivid Seats and gave the stock a “positive” rating in a research note on Friday, March 13th. Scotiabank set a $10.00 target price on shares of Vivid Seats in a report on Friday, March 13th. Deutsche Bank Aktiengesellschaft set a $7.00 price target on shares of Vivid Seats in a research note on Tuesday, January 20th. Craig Hallum raised shares of Vivid Seats from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a research report on Friday, March 13th. Finally, Zacks Research lowered Vivid Seats from a “hold” rating to a “strong sell” rating in a research report on Thursday, March 12th.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Veradace Capital Management LLC acquired a new position in Vivid Seats during the 4th quarter worth about $507,000. Occudo Quantitative Strategies LP acquired a new position in Vivid Seats in the 4th quarter valued at about $135,000. Bridgeway Capital Management LLC purchased a new stake in Vivid Seats during the fourth quarter worth about $205,000. Windward Management LP acquired a new stake in shares of Vivid Seats during the fourth quarter worth about $410,000. Finally, Jain Global LLC acquired a new stake in shares of Vivid Seats during the fourth quarter worth about $97,000. Hedge funds and other institutional investors own 39.92% of the company’s stock.

Vivid Seats Trading Up 1.9%

Shares of Vivid Seats stock opened at $5.91 on Wednesday. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.59 and a quick ratio of 0.53. The stock’s 50 day simple moving average is $6.42 and its 200-day simple moving average is $8.86. The stock has a market cap of $63.65 million, a P/E ratio of -0.09 and a beta of 0.95. Vivid Seats has a 1-year low of $5.06 and a 1-year high of $61.20.

Vivid Seats (NASDAQ:SEAT) last posted its quarterly earnings results on Thursday, March 12th. The company reported ($10.39) EPS for the quarter, missing the consensus estimate of ($1.81) by ($8.58). The company had revenue of $126.81 million during the quarter, compared to analyst estimates of $137.18 million. Vivid Seats had a negative net margin of 75.21% and a positive return on equity of 31.44%. Analysts predict that Vivid Seats will post 0.12 EPS for the current fiscal year.

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.