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

Vivid Seats Inc. (NASDAQ:SEAT) has received an average rating of “Hold” from the eleven ratings firms that are currently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $14.2650.

A number of analysts have recently weighed in on SEAT shares. Bank of America reissued an “underperform” rating and set a $5.65 price target on shares of Vivid Seats in a research report on Thursday, March 12th. Weiss Ratings reissued a “sell (d-)” rating on shares of Vivid Seats in a research report on Wednesday, January 21st. 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. Deutsche Bank Aktiengesellschaft set a $7.00 price target on Vivid Seats in a research note on Tuesday, January 20th. Finally, Benchmark reduced their target price on Vivid Seats from $18.00 to $10.00 and set a “buy” rating on the stock in a report on Friday, March 13th.

Vivid Seats Stock Performance

Vivid Seats stock opened at $6.57 on Friday. Vivid Seats has a 12-month low of $5.06 and a 12-month high of $60.20. 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 company has a market capitalization of $70.76 million, a price-to-earnings ratio of -0.09 and a beta of 0.91. The firm’s fifty day moving average price is $6.46 and its 200 day moving average price is $7.87.

Vivid Seats (NASDAQ:SEAT) last announced its earnings results on Thursday, March 12th. The company reported ($10.39) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.81) by ($8.58). The business had revenue of $126.81 million for the quarter, compared to analysts’ expectations of $137.18 million. Vivid Seats had a positive return on equity of 31.44% and a negative net margin of 75.21%. On average, research analysts forecast that Vivid Seats will post -4 EPS for the current fiscal year.

Hedge Funds Weigh In On Vivid Seats

A number of hedge funds have recently added to or reduced their stakes in the business. Ameriprise Financial Inc. increased its stake in Vivid Seats by 10.7% during the second quarter. Ameriprise Financial Inc. now owns 2,222,751 shares of the company’s stock valued at $3,756,000 after purchasing an additional 215,057 shares during the last quarter. Emeth Value Capital LLC lifted its position in shares of Vivid Seats by 43.4% in the 4th quarter. Emeth Value Capital LLC now owns 556,918 shares of the company’s stock worth $4,015,000 after buying an additional 168,607 shares during the last quarter. Sun Life Financial Inc. acquired a new position in shares of Vivid Seats in the 4th quarter valued at about $3,213,000. First Trust Advisors LP boosted its holdings in shares of Vivid Seats by 2.7% in the 2nd quarter. First Trust Advisors LP now owns 297,688 shares of the company’s stock valued at $503,000 after buying an additional 7,940 shares during the period. Finally, Caption Management LLC grew its position in shares of Vivid Seats by 1,470.9% during the 2nd quarter. Caption Management LLC now owns 250,472 shares of the company’s stock valued at $423,000 after buying an additional 234,528 shares during the last quarter. Institutional investors and hedge funds own 39.92% of the company’s stock.

About Vivid Seats

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.