Vivid Seats Inc. (NASDAQ:SEAT) Given Average Recommendation of “Moderate Buy” by Analysts

Vivid Seats Inc. (NASDAQ:SEAT) has been assigned an average recommendation of “Moderate Buy” from the nine brokerages that are covering the firm, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $9.94.

Several equities research analysts have commented on the stock. Maxim Group assumed coverage on shares of Vivid Seats in a research report on Wednesday, April 17th. They set a “buy” rating and a $7.00 target price on the stock. Craig Hallum assumed coverage on Vivid Seats in a research note on Friday, February 9th. They set a “buy” rating and a $10.00 price target for the company. Benchmark reaffirmed a “buy” rating and set a $15.00 price target on shares of Vivid Seats in a research note on Wednesday, March 6th. Finally, Royal Bank of Canada cut their price target on Vivid Seats from $10.00 to $8.00 and set a “sector perform” rating for the company in a research note on Wednesday, March 6th.

Vivid Seats Price Performance

Shares of NASDAQ SEAT opened at $5.83 on Wednesday. The firm has a market capitalization of $1.23 billion, a P/E ratio of 10.60, a PEG ratio of 2.63 and a beta of 1.20. Vivid Seats has a one year low of $5.11 and a one year high of $9.89. The company’s fifty day moving average is $5.81 and its two-hundred day moving average is $6.29. The company has a debt-to-equity ratio of 2.52, a quick ratio of 0.46 and a current ratio of 0.50.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in SEAT. Parkside Financial Bank & Trust raised its stake in Vivid Seats by 84.7% in the 4th quarter. Parkside Financial Bank & Trust now owns 4,557 shares of the company’s stock valued at $29,000 after purchasing an additional 2,090 shares during the last quarter. DekaBank Deutsche Girozentrale purchased a new stake in Vivid Seats in the 3rd quarter valued at about $37,000. SG Americas Securities LLC purchased a new stake in Vivid Seats in the 4th quarter valued at about $65,000. Tower Research Capital LLC TRC grew its holdings in Vivid Seats by 417.1% in the 4th quarter. Tower Research Capital LLC TRC now owns 11,308 shares of the company’s stock valued at $71,000 after buying an additional 9,121 shares during the period. Finally, AXQ Capital LP purchased a new stake in Vivid Seats in the 3rd quarter valued at about $84,000. Institutional investors and hedge funds own 39.92% of the company’s stock.

About Vivid Seats

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.