Vivid Seats Inc. (NASDAQ:SEAT – Get Free Report) has been given an average rating of “Hold” by the nine ratings firms that are currently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $9.4333.
A number of research analysts have commented on the company. Wall Street Zen raised Vivid Seats from a “strong sell” rating to a “sell” rating in a report on Saturday, May 9th. Morgan Stanley set a $9.25 target price on Vivid Seats and gave the stock an “equal weight” rating in a report on Wednesday. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Vivid Seats in a report on Tuesday, June 9th. Bank of America reissued an “underperform” rating and issued a $5.65 price target on shares of Vivid Seats in a report on Thursday, March 12th. Finally, Canaccord Genuity Group set a $10.00 price target on Vivid Seats and gave the stock a “hold” rating in a report on Friday, March 13th.
Read Our Latest Stock Analysis on SEAT
Institutional Trading of Vivid Seats
Vivid Seats Stock Performance
Shares of NASDAQ:SEAT opened at $7.76 on Monday. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.66 and a quick ratio of 0.58. Vivid Seats has a 12 month low of $5.06 and a 12 month high of $41.20. The firm has a market capitalization of $83.54 million, a PE ratio of -0.11 and a beta of 1.08. The business has a 50-day moving average of $7.85 and a two-hundred day moving average of $7.11.
Vivid Seats (NASDAQ:SEAT – Get Free Report) last posted its 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 analyst estimates of $124.55 million. Vivid Seats had a negative net margin of 82.25% and a positive return on equity of 68.65%. As a group, research analysts forecast that Vivid Seats will post -4.16 earnings per share for the current year.
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.
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