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

Shares of Vivid Seats Inc. (NASDAQ:SEAT) have earned an average recommendation of “Hold” from the eleven analysts that are presently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $20.2222.

A number of research firms have recently commented on SEAT. Weiss Ratings reiterated a “sell (d-)” rating on shares of Vivid Seats in a research note on Wednesday, January 21st. Morgan Stanley set a $9.00 price objective on shares of Vivid Seats in a report on Thursday, December 18th. Royal Bank Of Canada set a $12.00 target price on shares of Vivid Seats and gave the company a “sector perform” rating in a research note on Friday, November 7th. 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 research report on Monday, November 17th. Finally, Benchmark reaffirmed a “buy” rating and issued a $18.00 price target (down previously from $26.00) on shares of Vivid Seats in a report on Friday, November 7th.

Institutional Trading of Vivid Seats

Several hedge funds have recently made changes to their positions in SEAT. Capstone Financial Advisors Inc. purchased a new position in shares of Vivid Seats during the 2nd quarter valued at $25,000. Jump Financial LLC bought a new stake in Vivid Seats in the 2nd quarter valued at about $32,000. Raymond James Financial Inc. purchased a new stake in Vivid Seats during the second quarter valued at about $35,000. Rangeley Capital LLC purchased a new stake in Vivid Seats during the second quarter valued at about $42,000. Finally, Quantbot Technologies LP bought a new position in Vivid Seats during the second quarter worth about $43,000. 39.92% of the stock is currently owned by institutional investors.

Vivid Seats Stock Performance

SEAT stock opened at $7.04 on Tuesday. The company has a quick ratio of 0.60, a current ratio of 0.67 and a debt-to-equity ratio of 1.41. The firm has a market cap of $75.54 million, a PE ratio of 2.62 and a beta of 0.93. The business has a 50 day moving average of $7.01 and a 200-day moving average of $13.32. Vivid Seats has a 12-month low of $6.06 and a 12-month high of $92.00.

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

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.