Vivid Seats Inc. (NASDAQ:SEAT) Receives $21.88 Consensus Target Price from Analysts

Shares of Vivid Seats Inc. (NASDAQ:SEAT) have earned a consensus rating of “Hold” from the eleven analysts that are presently covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and two have given a buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $21.8750.

Several brokerages have weighed in on SEAT. Citigroup lowered their target price on shares of Vivid Seats from $13.00 to $10.00 and set a “neutral” rating on the stock in a research report on Monday, November 17th. Benchmark restated a “buy” rating and issued a $18.00 price target (down previously from $26.00) on shares of Vivid Seats in a report on Friday, November 7th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Vivid Seats in a research note on Wednesday, October 8th. Canaccord Genuity Group decreased their target price on Vivid Seats from $23.00 to $12.00 and set a “hold” rating on the stock in a research report on Friday, November 7th. Finally, Royal Bank Of Canada set a $12.00 price target on Vivid Seats and gave the company a “sector perform” rating in a research report on Friday, November 7th.

Institutional Trading of Vivid Seats

Institutional investors and hedge funds have recently modified their holdings of the business. Boston Partners lifted its stake in Vivid Seats by 7.2% in the 2nd quarter. Boston Partners now owns 4,784,292 shares of the company’s stock valued at $8,084,000 after buying an additional 322,461 shares in the last quarter. Plan Group Financial LLC lifted its position in shares of Vivid Seats by 73.9% in the second quarter. Plan Group Financial LLC now owns 102,670 shares of the company’s stock valued at $174,000 after acquiring an additional 43,619 shares in the last quarter. AlphaQuest LLC acquired a new stake in shares of Vivid Seats during the third quarter valued at $634,000. Prescott Group Capital Management L.L.C. purchased a new stake in Vivid Seats during the 3rd quarter worth about $1,330,000. Finally, Emeth Value Capital LLC raised its stake in Vivid Seats by 43.4% in the 4th quarter. Emeth Value Capital LLC now owns 556,918 shares of the company’s stock valued at $4,015,000 after purchasing an additional 168,607 shares during the last quarter. Hedge funds and other institutional investors own 39.92% of the company’s stock.

Vivid Seats Stock Down 4.8%

SEAT opened at $6.73 on Friday. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.67 and a quick ratio of 0.60. Vivid Seats has a 12 month low of $6.15 and a 12 month high of $100.00. The stock has a market capitalization of $72.21 million, a P/E ratio of 2.50 and a beta of 0.90. The business has a 50 day simple moving average of $7.67 and a 200-day simple moving average of $16.23.

Vivid Seats (NASDAQ:SEAT) last posted its quarterly earnings results on Thursday, November 6th. The company reported ($1.91) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.68) by ($0.23). Vivid Seats had a positive return on equity of 4.50% and a negative net margin of 24.08%.The company had revenue of $136.37 million for the quarter, compared to analyst estimates of $131.38 million. On average, equities analysts anticipate that Vivid Seats will post 0.12 earnings per share for the current fiscal year.

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.