Shares of Vivid Seats Inc. (NASDAQ:SEAT – Get Free Report) have earned a consensus rating of “Hold” from the ten research firms that are presently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, six have given a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $9.79.
A number of equities analysts have commented on the company. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $7.50 price objective (up from $7.00) on shares of Vivid Seats in a research note on Tuesday, August 25th. Benchmark raised their target price on Vivid Seats from $10.00 to $16.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Vivid Seats in a report on Friday, September 4th. Morgan Stanley set a $5.00 price target on shares of Vivid Seats in a research report on Thursday, October 29th. Finally, Wall Street Zen upgraded shares of Vivid Seats from a “sell” rating to a “hold” rating in a research report on Saturday, August 15th.
View Our Latest Stock Analysis on Vivid Seats
Hedge Funds Weigh In On Vivid Seats
A number of institutional investors have recently modified their holdings of the stock. Quantinno Capital Management LP lifted its position in shares of Vivid Seats by 96.8% during the first quarter. Quantinno Capital Management LP now owns 128,401 shares of the company’s stock worth $759,000 after purchasing an additional 63,161 shares in the last quarter. Bank of America Corp DE grew its stake in shares of Vivid Seats by 40.2% during the first quarter. Bank of America Corp DE now owns 94,489 shares of the company’s stock valued at $558,000 after purchasing an additional 27,088 shares during the last quarter. Finally, Great Lakes Advisors LLC acquired a new stake in shares of Vivid Seats in the second quarter valued at approximately $68,000. 39.92% of the stock is owned by institutional investors.
Vivid Seats Price Performance
SEAT stock opened at $2.09 on Thursday. The business has a fifty day moving average price of $3.68 and a 200 day moving average price of $6.30. Vivid Seats has a fifty-two week low of $2.03 and a fifty-two week high of $11.03. The stock has a market capitalization of $23.49 million, a price-to-earnings ratio of -0.05 and a beta of 1.08.
About Vivid Seats
Vivid Seats Inc (NASDAQ: SEAT) operates an online marketplace that connects fans with ticket sellers for live entertainment and sporting events. Through its website and mobile applications, the company offers tickets to concerts, professional and college sports, theater productions, comedy shows and other events.
The platform is designed to support the full ticket-buying process, including event discovery, ticket selection and digital delivery. Vivid Seats also provides tools and services for ticket sellers and event organizers, while its Vivid Seats Rewards program is intended to encourage repeat purchases through customer benefits.
Founded in 2011, Vivid Seats is headquartered in Chicago and primarily serves customers in the United States and Canada.
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