Vivid Seats Inc. (NASDAQ:SEAT) Stock Has Average Price Target of $10.27 According to Brokerages

Shares of Vivid Seats Inc. (NASDAQ:SEAT – Get Free Report) have received a consensus recommendation of “Hold” from the ten ratings firms that are presently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $10.27.

A number of research firms have commented on SEAT. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $7.50 price objective (up from $7.00) on shares of Vivid Seats in a research note on Tuesday, August 25th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Vivid Seats in a research report on Friday, September 4th. Benchmark increased their target price on Vivid Seats from $10.00 to $16.00 and gave the stock a “buy” rating in a report on Wednesday, August 5th. Wall Street Zen upgraded Vivid Seats from a “sell” rating to a “hold” rating in a research report on Saturday, August 15th. Finally, Royal Bank Of Canada restated a “sector perform” rating and issued a $9.00 price target (up from $8.00) on shares of Vivid Seats in a research report on Wednesday, August 5th.

Get Our Latest Research Report on Vivid Seats

Institutional Investors Weigh In On Vivid Seats

A number of large investors have recently bought and sold shares of SEAT. Great Lakes Advisors LLC acquired a new stake in Vivid Seats in the 2nd quarter valued at $68,000. Bank of America Corp DE increased its stake in Vivid Seats by 40.2% during the 1st 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 in the last quarter. Quantinno Capital Management LP raised its holdings in 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 buying an additional 63,161 shares during the last quarter. Finally, Whetstone Capital Advisors LLC acquired a new position in Vivid Seats during the fourth quarter worth $595,000. 39.92% of the stock is currently owned by institutional investors and hedge funds.

Vivid Seats Stock Performance

SEAT stock opened at $2.79 on Friday. The company’s 50-day simple moving average is $5.30 and its 200 day simple moving average is $6.73. Vivid Seats has a 52 week low of $2.75 and a 52 week high of $13.98.

Vivid Seats (NASDAQ:SEAT – Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The company reported ($1.30) EPS for the quarter, missing analysts’ consensus estimates of ($1.02) by ($0.28). Vivid Seats had a negative return on equity of 211.26% and a negative net margin of 60.26%. The business had revenue of $129.86 million for the quarter, compared to the consensus estimate of $122.11 million. As a group, analysts anticipate that Vivid Seats will post -4.42 earnings per share for the current year.

Vivid Seats Company Profile

(Get Free Report)

Vivid Seats Inc operates an online ticket marketplace that connects fans with tickets offered by professional ticket sellers. Through its platform and mobile applications, customers can discover and purchase tickets for sporting events, concerts, theater productions and other live entertainment.

The company provides technology and services that support the ticket transaction process, including event search and discovery, digital ticket delivery, customer support and tools for ticket sellers.

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Analyst Recommendations for Vivid Seats (NASDAQ:SEAT)

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