Vivid Seats (NASDAQ:SEAT – Get Free Report) announced its earnings results on Monday. The company reported ($1.54) EPS for the quarter, missing analysts’ consensus estimates of ($1.08) by ($0.46), Zacks reports. Vivid Seats had a negative net margin of 60.26% and a negative return on equity of 211.26%.
Vivid Seats Stock Performance
SEAT stock opened at $2.09 on Monday. The company’s 50-day moving average price is $3.68 and its 200 day moving average price is $6.30. Vivid Seats has a 52 week low of $2.03 and a 52 week high of $11.03. The company has a market cap of $23.49 million, a P/E ratio of -0.05 and a beta of 1.08.
Analyst Ratings Changes
Several equities research analysts recently weighed in on SEAT shares. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $7.50 price target (up from $7.00) on shares of Vivid Seats in a report on Tuesday, August 25th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $9.00 price objective (up from $8.00) on shares of Vivid Seats in a research note on Wednesday, August 5th. Benchmark upped their price objective on shares of Vivid Seats from $10.00 to $16.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. Morgan Stanley set a $5.00 target price on shares of Vivid Seats in a research note on Thursday, October 29th. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Vivid Seats in a report on Friday, September 4th. Two equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $9.79.
Read Our Latest Research Report on SEAT
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.
Read More
- Five stocks we like better than Vivid Seats
- America’s Rare Earth Clock Is Running Out, But the Bottleneck Isn’t Where You Think
- Atlassian Tanks After Huge Run as Guidance Disappoints, But Strength Remains
- Lemonade’s Revenue Soars 73%—So Why Did Its Stock Turn Sour After Earnings?
- Anthropic’s S-1 Strengthens the Case for Broadcom’s AI Growth
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.
