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

Shares of Vivid Seats Inc. (NASDAQ:SEAT) have been assigned an average rating of “Hold” from the eleven brokerages that are covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $21.8750.

Several research firms have recently commented on SEAT. Benchmark reaffirmed a “buy” rating and set a $18.00 price target (down previously from $26.00) on shares of Vivid Seats in a research report on Friday, November 7th. Weiss Ratings reissued a “sell (d-)” rating on shares of Vivid Seats in a report on Wednesday, October 8th. Citigroup reduced their target price on shares of Vivid Seats from $13.00 to $10.00 and set a “neutral” rating for the company in a report on Monday, November 17th. Canaccord Genuity Group decreased their price target on shares of Vivid Seats from $23.00 to $12.00 and set a “hold” rating on the stock in a research report on Friday, November 7th. Finally, Royal Bank Of Canada set a $12.00 price target on shares of Vivid Seats and gave the stock a “sector perform” rating in a research note on Friday, November 7th.

Institutional Trading of Vivid Seats

Several hedge funds have recently bought and sold shares of the stock. Emeth Value Capital LLC grew its holdings 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 valued at $12,915,000 after purchasing an additional 1,644,188 shares during the period. Boston Partners lifted 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 valued at $8,084,000 after buying an additional 322,461 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of Vivid Seats by 10.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 2,222,751 shares of the company’s stock valued at $3,756,000 after buying an additional 215,057 shares in the last quarter. First Trust Advisors LP grew its stake in shares of Vivid Seats by 2.7% during the 2nd quarter. First Trust Advisors LP now owns 297,688 shares of the company’s stock valued at $503,000 after acquiring an additional 7,940 shares during the period. Finally, Caption Management LLC increased its holdings in Vivid Seats by 1,470.9% in the 2nd quarter. Caption Management LLC now owns 250,472 shares of the company’s stock worth $423,000 after acquiring an additional 234,528 shares in the last quarter. Institutional investors own 39.92% of the company’s stock.

Vivid Seats Stock Performance

SEAT stock opened at $7.24 on Friday. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.67 and a quick ratio of 0.60. Vivid Seats has a 1 year low of $6.15 and a 1 year high of $100.00. The company has a market cap of $77.69 million, a P/E ratio of 2.69 and a beta of 0.90. The stock’s fifty day moving average price is $8.00 and its 200-day moving average price is $17.02.

Vivid Seats (NASDAQ:SEAT) last posted its quarterly earnings data on Thursday, November 6th. The company reported ($1.91) EPS for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $131.38 million. On average, equities analysts forecast that Vivid Seats will post 0.12 earnings per share for the current 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.