Shares of Vivid Seats Inc. (NASDAQ:SEAT – Get Free Report) have been assigned an average recommendation of “Hold” from the nine ratings firms that are covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and three have given a buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $9.2667.
A number of analysts have recently weighed in on the stock. Canaccord Genuity Group set a $10.00 price objective on shares of Vivid Seats and gave the stock a “hold” rating in a research note on Friday, March 13th. Benchmark cut their price objective on shares of Vivid Seats from $18.00 to $10.00 and set a “buy” rating on the stock in a research note on Friday, March 13th. Deutsche Bank Aktiengesellschaft set a $7.00 price objective on shares of Vivid Seats in a research note on Tuesday, January 20th. Zacks Research upgraded shares of Vivid Seats from a “strong sell” rating to a “hold” rating in a research note on Friday, April 10th. Finally, Royal Bank Of Canada dropped their price target on shares of Vivid Seats from $12.00 to $8.00 and set a “sector perform” rating on the stock in a research report on Friday, March 13th.
Read Our Latest Research Report on Vivid Seats
Institutional Trading of Vivid Seats
Vivid Seats Trading Down 10.7%
NASDAQ SEAT opened at $8.89 on Thursday. The company has a fifty day simple moving average of $6.93 and a two-hundred day simple moving average of $7.31. The stock has a market cap of $95.71 million, a P/E ratio of -0.13 and a beta of 0.98. Vivid Seats has a 12-month low of $5.06 and a 12-month high of $41.20. The company has a current ratio of 0.66, a quick ratio of 0.58 and a debt-to-equity ratio of 1.41.
Vivid Seats (NASDAQ:SEAT – Get Free Report) last posted its quarterly earnings results on Tuesday, May 5th. The company reported ($1.35) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.03) by ($0.32). The company had revenue of $125.78 million during the quarter, compared to analysts’ expectations of $124.55 million. Vivid Seats had a positive return on equity of 68.65% and a negative net margin of 82.25%. On average, analysts forecast that Vivid Seats will post -4.16 earnings per share for the current 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.
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