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

Vivid Seats Inc. (NASDAQ:SEAT) has received an average recommendation of “Hold” from the nine brokerages that are covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and three have given a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $9.2667.

A number of equities research analysts recently issued reports on SEAT shares. Canaccord Genuity Group set a $10.00 target price on Vivid Seats and gave the company a “hold” rating in a research report on Friday, March 13th. Zacks Research raised Vivid Seats from a “strong sell” rating to a “hold” rating in a research report on Friday, April 10th. Royal Bank Of Canada dropped their target price on Vivid Seats from $12.00 to $8.00 and set a “sector perform” rating on the stock in a research report on Friday, March 13th. Benchmark dropped their target price on Vivid Seats from $18.00 to $10.00 and set a “buy” rating on the stock in a research report on Friday, March 13th. Finally, Scotiabank set a $10.00 price target on Vivid Seats in a research report on Friday, March 13th.

Vivid Seats Stock Performance

NASDAQ:SEAT opened at $8.58 on Monday. Vivid Seats has a fifty-two week low of $5.06 and a fifty-two week high of $41.20. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.66 and a quick ratio of 0.58. The stock has a market capitalization of $92.41 million, a PE ratio of -0.12 and a beta of 1.07. The business’s 50-day simple moving average is $7.60 and its 200-day simple moving average is $7.10.

Vivid Seats (NASDAQ:SEAT) last released its quarterly earnings data on Tuesday, May 5th. The company reported ($1.35) earnings per share for the quarter, missing the consensus estimate of ($1.03) by ($0.32). Vivid Seats had a negative net margin of 82.25% and a positive return on equity of 68.65%. The business had revenue of $125.78 million for the quarter, compared to the consensus estimate of $124.55 million. Sell-side analysts expect that Vivid Seats will post -4.16 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in SEAT. Rhumbline Advisers increased its holdings in shares of Vivid Seats by 106.8% during the 2nd quarter. Rhumbline Advisers now owns 203,271 shares of the company’s stock worth $344,000 after acquiring an additional 104,972 shares during the last quarter. Quantbot Technologies LP acquired a new position in shares of Vivid Seats during the 2nd quarter worth approximately $43,000. First Trust Advisors LP increased its holdings 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 worth $503,000 after acquiring an additional 7,940 shares during the last quarter. Jump Financial LLC acquired a new position in shares of Vivid Seats during the 2nd quarter worth approximately $32,000. Finally, Caption Management LLC increased its holdings in shares of Vivid Seats by 1,470.9% during 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 during the last quarter. Institutional investors and hedge funds own 39.92% of the company’s stock.

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.