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

Shares of Vivid Seats Inc. (NASDAQ:SEAT) have received a consensus recommendation of “Hold” from the nine analysts that are presently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, five have given a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $9.4333.

A number of research firms have weighed in on SEAT. Morgan Stanley set a $9.25 target price on Vivid Seats and gave the stock an “equal weight” rating in a report on Wednesday, June 10th. Wall Street Zen upgraded Vivid Seats from a “strong sell” rating to a “sell” rating in a report on Saturday, May 9th. Royal Bank Of Canada reduced their price target on Vivid Seats from $12.00 to $8.00 and set a “sector perform” rating for the company in a research report on Friday, March 13th. Bank of America restated an “underperform” rating and set a $5.65 price objective on shares of Vivid Seats in a research note on Thursday, March 12th. Finally, Scotiabank set a $10.00 price objective on Vivid Seats in a research report on Friday, March 13th.

Vivid Seats Stock Performance

Shares of SEAT opened at $7.02 on Friday. The company has a 50 day moving average price of $7.87 and a 200-day moving average price of $7.06. Vivid Seats has a fifty-two week low of $5.06 and a fifty-two week high of $41.20. The stock has a market capitalization of $75.61 million, a PE ratio of -0.10 and a beta of 1.11.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. Sun Life Financial Inc. acquired a new stake in Vivid Seats in the 4th quarter worth approximately $3,213,000. Caption Management LLC increased its stake in Vivid Seats by 1,470.9% during the 2nd 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. Ameriprise Financial Inc. increased its stake in 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 purchasing an additional 215,057 shares in the last quarter. Emeth Value Capital LLC raised its holdings in shares of Vivid Seats by 43.4% in the fourth quarter. Emeth Value Capital LLC now owns 556,918 shares of the company’s stock worth $4,015,000 after buying an additional 168,607 shares during the last quarter. Finally, Rhumbline Advisers raised its holdings in shares of Vivid Seats by 106.8% in the second quarter. Rhumbline Advisers now owns 203,271 shares of the company’s stock worth $344,000 after buying an additional 104,972 shares during the last quarter. Hedge funds and other institutional investors own 39.92% of the company’s stock.

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.