Vivid Seats Inc. (NASDAQ:SEAT) Receives $9.86 Consensus Target Price from Analysts

Shares of Vivid Seats Inc. (NASDAQ:SEAT) have received a consensus rating of “Moderate Buy” from the eleven research firms that are currently covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $9.86.

Several research analysts have commented on SEAT shares. Maxim Group upped their price objective on shares of Vivid Seats from $7.00 to $9.00 and gave the stock a “buy” rating in a report on Wednesday, May 8th. Canaccord Genuity Group decreased their price objective on shares of Vivid Seats from $12.00 to $10.00 and set a “buy” rating for the company in a report on Wednesday, May 8th. DA Davidson restated a “buy” rating and issued a $7.00 price objective on shares of Vivid Seats in a report on Friday, June 21st. Finally, Benchmark reiterated a “buy” rating and issued a $15.00 price target on shares of Vivid Seats in a research note on Wednesday, May 1st.

Vivid Seats Trading Down 0.9 %

NASDAQ:SEAT opened at $5.44 on Monday. The company has a fifty day moving average of $5.29 and a 200 day moving average of $5.66. Vivid Seats has a 52 week low of $4.70 and a 52 week high of $8.80. The company has a quick ratio of 0.51, a current ratio of 0.57 and a debt-to-equity ratio of 1.89. The firm has a market capitalization of $1.13 billion, a P/E ratio of 9.84, a P/E/G ratio of 3.32 and a beta of 1.22.

Vivid Seats (NASDAQ:SEAT) last issued its quarterly earnings data on Tuesday, May 7th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.05 by ($0.01). Vivid Seats had a negative return on equity of 170.34% and a net margin of 9.21%. The company had revenue of $190.85 million during the quarter, compared to the consensus estimate of $181.56 million. On average, research analysts predict that Vivid Seats will post 0.26 earnings per share for the current year.

Institutional Trading of Vivid Seats

Institutional investors have recently bought and sold shares of the company. Clearbridge Investments LLC purchased a new stake in shares of Vivid Seats during the 4th quarter valued at about $10,815,000. Blackstone Inc. purchased a new stake in shares of Vivid Seats during the 4th quarter valued at about $4,424,000. Victory Capital Management Inc. boosted its holdings in shares of Vivid Seats by 68.4% during the 4th quarter. Victory Capital Management Inc. now owns 35,774 shares of the company’s stock valued at $226,000 after acquiring an additional 14,527 shares during the last quarter. HBK Investments L P purchased a new stake in shares of Vivid Seats during the 4th quarter valued at about $4,424,000. Finally, Millrace Asset Group Inc. purchased a new stake in shares of Vivid Seats during the 4th quarter valued at about $1,687,000. 39.92% of the stock is owned by hedge funds and other institutional investors.

Vivid Seats Company Profile

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.