Vivid Seats Inc. (NASDAQ:SEAT) Receives $14.27 Consensus Price Target from Brokerages

Shares of Vivid Seats Inc. (NASDAQ:SEAT) have received a consensus rating of “Hold” from the eleven ratings firms that are presently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $14.2650.

A number of equities analysts have weighed in on the company. Craig Hallum raised Vivid Seats from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a research report on Friday, March 13th. Scotiabank set a $10.00 price objective on Vivid Seats in a research report on Friday, March 13th. Canaccord Genuity Group set a $10.00 target price on Vivid Seats and gave the stock a “hold” rating in a research note on Friday, March 13th. Royal Bank Of Canada decreased their target price on Vivid Seats from $12.00 to $8.00 and set a “sector perform” rating on the stock in a report on Friday, March 13th. Finally, Morgan Stanley set a $7.00 price target on Vivid Seats and gave the company a “positive” rating in a research note on Friday, March 13th.

Vivid Seats Stock Performance

Shares of SEAT opened at $6.72 on Friday. The firm has a 50-day moving average of $6.46 and a 200-day moving average of $7.88. Vivid Seats has a one year low of $5.06 and a one year high of $60.20. The company has a market cap of $72.35 million, a PE ratio of -0.10 and a beta of 0.91. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.59 and a quick ratio of 0.53.

Vivid Seats (NASDAQ:SEAT) last issued its earnings results on Thursday, March 12th. The company reported ($10.39) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.81) by ($8.58). Vivid Seats had a negative net margin of 75.21% and a positive return on equity of 31.44%. The firm had revenue of $126.81 million during the quarter, compared to the consensus estimate of $137.18 million. As a group, equities analysts forecast that Vivid Seats will post -4 earnings per share for the current year.

Hedge Funds Weigh In On Vivid Seats

Large investors have recently modified their holdings of the stock. Deutsche Bank AG boosted its stake in shares of Vivid Seats by 270.0% in the fourth quarter. Deutsche Bank AG now owns 10,774 shares of the company’s stock valued at $78,000 after buying an additional 7,862 shares during the period. First Trust Advisors LP increased its stake in Vivid Seats by 2.7% during the 2nd quarter. First Trust Advisors LP now owns 297,688 shares of the company’s stock worth $503,000 after acquiring an additional 7,940 shares during the period. Jain Global LLC bought a new position in Vivid Seats during the 4th quarter worth $97,000. Goldman Sachs Group Inc. raised its holdings in Vivid Seats by 44.0% in the 4th quarter. Goldman Sachs Group Inc. now owns 51,842 shares of the company’s stock valued at $374,000 after acquiring an additional 15,848 shares in the last quarter. Finally, Occudo Quantitative Strategies LP bought a new stake in shares of Vivid Seats during the 4th quarter valued at $135,000. 39.92% of the stock is owned by institutional investors.

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.