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

Shares of Vivid Seats Inc. (NASDAQ:SEAT) have been assigned an average rating of “Hold” from the eleven ratings firms that are covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $30.1250.

SEAT has been the topic of several research reports. Weiss Ratings restated a “sell (d-)” rating on shares of Vivid Seats in a research note on Wednesday, October 8th. Citigroup decreased their target price on shares of Vivid Seats from $13.00 to $10.00 and set a “neutral” rating on the stock in a research report on Monday, November 17th. Royal Bank Of Canada set a $12.00 target price on shares of Vivid Seats and gave the stock a “sector perform” rating in a report on Friday, November 7th. Canaccord Genuity Group cut their price target 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. Finally, Benchmark restated a “buy” rating and set a $18.00 price objective (down previously from $26.00) on shares of Vivid Seats in a research note on Friday, November 7th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Emeth Value Capital LLC grew its stake in Vivid Seats by 27.4% during the second quarter. Emeth Value Capital LLC now owns 7,642,042 shares of the company’s stock worth $12,915,000 after buying an additional 1,644,188 shares in the last quarter. Anson Funds Management LP lifted its holdings in shares of Vivid Seats by 88.2% during the 1st quarter. Anson Funds Management LP now owns 1,173,828 shares of the company’s stock worth $3,475,000 after acquiring an additional 550,000 shares during the period. Boston Partners boosted its position in shares of Vivid Seats by 7.2% during the 2nd quarter. Boston Partners now owns 4,784,292 shares of the company’s stock worth $8,084,000 after acquiring an additional 322,461 shares in the last quarter. Clearline Capital LP increased its stake in Vivid Seats by 34.9% in the first quarter. Clearline Capital LP now owns 986,937 shares of the company’s stock valued at $2,921,000 after acquiring an additional 255,337 shares during the last quarter. Finally, Caption Management LLC raised its position in Vivid Seats by 1,470.9% during the second quarter. Caption Management LLC now owns 250,472 shares of the company’s stock valued at $423,000 after purchasing an additional 234,528 shares in the last quarter. Institutional investors and hedge funds own 39.92% of the company’s stock.

Vivid Seats Price Performance

Vivid Seats stock opened at $7.40 on Monday. The company has a market capitalization of $79.40 million, a price-to-earnings ratio of 2.75 and a beta of 0.90. The company has a current ratio of 0.67, a quick ratio of 0.60 and a debt-to-equity ratio of 1.41. Vivid Seats has a 12 month low of $7.04 and a 12 month high of $100.00. The stock’s 50 day moving average is $10.20 and its 200-day moving average is $20.52.

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

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.