Brokerages Set Vivid Seats Inc. (NASDAQ:SEAT) PT at $9.43

Vivid Seats Inc. (NASDAQ:SEAT) has earned an average rating of “Hold” from the nine analysts that are covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $9.4333.

A number of brokerages have issued reports on SEAT. Zacks Research raised Vivid Seats from a “strong sell” rating to a “hold” rating in a research report on Friday, April 10th. Benchmark dropped their price target on shares of Vivid Seats from $18.00 to $10.00 and set a “buy” rating for the company in a research note on Friday, March 13th. Wall Street Zen raised shares of Vivid Seats from a “strong sell” rating to a “sell” rating in a report on Saturday, May 9th. Craig Hallum upgraded shares of Vivid Seats from a “hold” rating to a “buy” rating and set a $15.00 price objective on the stock in a research note on Friday, March 13th. Finally, Royal Bank Of Canada cut their target price on shares of Vivid Seats from $12.00 to $8.00 and set a “sector perform” rating on the stock in a research note on Friday, March 13th.

Institutional Trading of Vivid Seats

Several institutional investors and hedge funds have recently bought and sold shares of SEAT. Deutsche Bank AG grew its position in shares of Vivid Seats by 270.0% in the 4th quarter. Deutsche Bank AG now owns 10,774 shares of the company’s stock worth $78,000 after acquiring an additional 7,862 shares in the last quarter. First Trust Advisors LP lifted its stake in Vivid Seats by 2.7% during the second quarter. First Trust Advisors LP now owns 297,688 shares of the company’s stock worth $503,000 after purchasing an additional 7,940 shares during the last quarter. Jain Global LLC acquired a new position in Vivid Seats in the fourth quarter worth $97,000. Goldman Sachs Group Inc. increased its stake in Vivid Seats by 44.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 51,842 shares of the company’s stock valued at $374,000 after purchasing an additional 15,848 shares during the last quarter. Finally, Occudo Quantitative Strategies LP acquired a new stake in shares of Vivid Seats during the fourth quarter worth $135,000. Institutional investors and hedge funds own 39.92% of the company’s stock.

Vivid Seats Price Performance

Shares of SEAT stock opened at $6.75 on Friday. Vivid Seats has a 12 month low of $5.06 and a 12 month high of $40.00. The firm has a market capitalization of $72.70 million, a P/E ratio of -0.10 and a beta of 1.11. The company’s fifty day moving average price is $7.87 and its two-hundred day moving average price is $7.06.

Vivid Seats (NASDAQ:SEAT) last posted its quarterly earnings data on Tuesday, May 5th. The company reported ($1.35) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.03) by ($0.32). Vivid Seats had a negative net margin of 82.25% and a positive return on equity of 68.65%. The firm had revenue of $125.78 million during the quarter, compared to analysts’ expectations of $124.55 million. On average, sell-side analysts anticipate that Vivid Seats will post -4.16 EPS 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.