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

Vivid Seats Inc. (NASDAQ:SEAT) has received a consensus rating of “Hold” from the ten ratings firms that are presently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $10.2667.

Several equities analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $7.50 target price (up from $7.00) on shares of Vivid Seats in a research note on Tuesday. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Vivid Seats in a report on Tuesday, June 9th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $9.00 price objective (up from $8.00) on shares of Vivid Seats in a research note on Wednesday, August 5th. Benchmark boosted their target price on shares of Vivid Seats from $10.00 to $16.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. Finally, Wall Street Zen upgraded Vivid Seats from a “sell” rating to a “hold” rating in a research report on Saturday, August 15th.

Institutional Investors Weigh In On Vivid Seats

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Whetstone Capital Advisors LLC bought a new stake in shares of Vivid Seats during the 4th quarter worth $595,000. Bridgeway Capital Management LLC purchased a new position in Vivid Seats in the fourth quarter worth $205,000. Jain Global LLC bought a new position in Vivid Seats in the fourth quarter valued at $97,000. Price T Rowe Associates Inc. MD bought a new position in Vivid Seats in the fourth quarter valued at $139,000. Finally, Mariner LLC purchased a new stake in Vivid Seats during the fourth quarter valued at about $232,000. 39.92% of the stock is owned by hedge funds and other institutional investors.

Vivid Seats Price Performance

NASDAQ:SEAT opened at $6.87 on Friday. The firm has a 50-day moving average of $7.26 and a 200-day moving average of $7.21. The company has a market cap of $77.22 million, a PE ratio of -0.15 and a beta of 1.08. Vivid Seats has a one year low of $5.06 and a one year high of $18.73.

Vivid Seats (NASDAQ:SEAT) last posted its earnings results on Tuesday, August 4th. The company reported ($1.30) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.02) by ($0.28). The firm had revenue of $129.86 million during the quarter, compared to the consensus estimate of $122.11 million. Vivid Seats had a negative return on equity of 211.26% and a negative net margin of 60.26%. On average, equities research analysts expect that Vivid Seats will post -4.44 earnings per share 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.