Vivid Seats Inc. (NASDAQ:SEAT – Get Free Report) shot up 6.4% on Wednesday . The stock traded as high as $2.91 and last traded at $2.90. 1,251,434 shares changed hands during trading, a decline of 3% from the average session volume of 1,286,439 shares. The stock had previously closed at $2.72.
Wall Street Analysts Forecast Growth
SEAT has been the topic of several recent research reports. Benchmark decreased their price objective on Vivid Seats from $8.00 to $6.00 and set a “buy” rating on the stock in a report on Thursday, March 13th. Canaccord Genuity Group reduced their target price on shares of Vivid Seats from $6.00 to $5.00 and set a “buy” rating on the stock in a report on Thursday, March 13th. Royal Bank of Canada decreased their target price on shares of Vivid Seats from $6.00 to $4.00 and set a “sector perform” rating on the stock in a research report on Thursday, March 13th. Morgan Stanley reduced their price objective on Vivid Seats from $4.60 to $3.75 and set an “equal weight” rating on the stock in a research note on Thursday, March 13th. Finally, Raymond James cut Vivid Seats from a “moderate buy” rating to a “hold” rating in a report on Thursday, March 13th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $5.49.
Check Out Our Latest Stock Analysis on Vivid Seats
Vivid Seats Stock Performance
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in SEAT. Oppenheimer & Co. Inc. purchased a new stake in Vivid Seats in the 3rd quarter valued at about $37,000. Stratos Wealth Partners LTD. bought a new stake in shares of Vivid Seats during the fourth quarter valued at approximately $46,000. Quinn Opportunity Partners LLC purchased a new stake in shares of Vivid Seats in the fourth quarter valued at approximately $46,000. Stoneridge Investment Partners LLC bought a new position in Vivid Seats in the fourth quarter worth approximately $53,000. Finally, BNP Paribas Financial Markets bought a new position in Vivid Seats in the fourth quarter worth approximately $53,000. Hedge funds and other institutional investors own 39.92% of the company’s stock.
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.
See Also
- Five stocks we like better than Vivid Seats
- Insider Trades May Not Tell You What You Think
- What GTC 2025 Signals for NVIDIA Stock’s Next Big Move
- What Are Earnings Reports?
- Alphabet’s Officially In A Bear Market—Time To Buy?
- The Top 3 Healthcare Dividend Stocks to Buy and Hold
- D-Wave and Quantum Supremacy: Implications For Investors
Receive News & Ratings for Vivid Seats Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vivid Seats and related companies with MarketBeat.com's FREE daily email newsletter.