Vivid Seats Inc. (NASDAQ:SEAT) Receives $6.78 Average Target Price from Analysts

Vivid Seats Inc. (NASDAQ:SEAT) has been assigned a consensus rating of “Moderate Buy” from the nine research firms that are presently covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $6.67.

SEAT has been the topic of a number of recent research reports. Piper Sandler reiterated a “neutral” rating and issued a $4.00 target price (down previously from $5.00) on shares of Vivid Seats in a research report on Friday, November 8th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Vivid Seats from $4.50 to $4.00 and set a “hold” rating on the stock in a research note on Monday, November 4th. Maxim Group decreased their target price on shares of Vivid Seats from $9.00 to $8.00 and set a “buy” rating for the company in a research report on Monday, November 4th. Craig Hallum cut their price target on Vivid Seats from $10.00 to $8.00 and set a “buy” rating on the stock in a research report on Tuesday, September 10th. Finally, DA Davidson reduced their price objective on Vivid Seats from $6.50 to $6.00 and set a “buy” rating for the company in a research note on Thursday, September 12th.

Institutional Trading of Vivid Seats

Institutional investors have recently bought and sold shares of the business. Oppenheimer & Co. Inc. purchased a new position in Vivid Seats during the third quarter valued at $37,000. Ameritas Investment Partners Inc. lifted its stake in Vivid Seats by 301.6% in the 1st quarter. Ameritas Investment Partners Inc. now owns 7,449 shares of the company’s stock valued at $45,000 after buying an additional 5,594 shares in the last quarter. Principal Financial Group Inc. acquired a new stake in Vivid Seats in the 2nd quarter worth about $61,000. Marshall Wace LLP acquired a new stake in Vivid Seats in the 2nd quarter worth about $67,000. Finally, Intech Investment Management LLC purchased a new stake in Vivid Seats during the 3rd quarter worth approximately $87,000. 39.92% of the stock is owned by institutional investors and hedge funds.

Vivid Seats Stock Up 1.6 %

Vivid Seats stock opened at $3.93 on Friday. The business’s 50-day simple moving average is $3.94 and its two-hundred day simple moving average is $4.64. The company has a debt-to-equity ratio of 2.48, a quick ratio of 0.73 and a current ratio of 0.79. The company has a market cap of $817.77 million, a PE ratio of 6.80, a PEG ratio of 15.31 and a beta of 1.18. Vivid Seats has a fifty-two week low of $3.36 and a fifty-two week high of $8.80.

About Vivid Seats

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.