Analysts Set Vivid Seats Inc. (NASDAQ:SEAT) Price Target at $20.22

Shares of Vivid Seats Inc. (NASDAQ:SEAT) have received an average rating of “Hold” from the eleven analysts that are presently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $20.2222.

Several research firms recently issued reports on SEAT. Deutsche Bank Aktiengesellschaft set a $7.00 price target on Vivid Seats in a research report on Tuesday, January 20th. Morgan Stanley set a $9.00 price objective on Vivid Seats in a research note on Thursday, December 18th. Canaccord Genuity Group decreased their target price on shares of Vivid Seats from $23.00 to $12.00 and set a “hold” rating on the stock in a research note on Friday, November 7th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Vivid Seats in a report on Wednesday, January 21st. Finally, Benchmark reissued a “buy” rating and set a $18.00 price target (down from $26.00) on shares of Vivid Seats in a research report on Friday, November 7th.

Vivid Seats Stock Performance

NASDAQ SEAT opened at $6.09 on Friday. The company has a 50-day simple moving average of $6.75 and a two-hundred day simple moving average of $10.31. Vivid Seats has a 12-month low of $5.50 and a 12-month high of $84.10. The firm has a market cap of $65.35 million, a price-to-earnings ratio of 2.26 and a beta of 0.95. The company has a quick ratio of 0.60, a current ratio of 0.67 and a debt-to-equity ratio of 1.41.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of SEAT. Boston Partners increased its stake in shares of Vivid Seats by 7.2% during the second quarter. Boston Partners now owns 4,784,292 shares of the company’s stock valued at $8,084,000 after buying an additional 322,461 shares during the period. Ameriprise Financial Inc. boosted its holdings in Vivid Seats by 10.7% in the second quarter. Ameriprise Financial Inc. now owns 2,222,751 shares of the company’s stock valued at $3,756,000 after acquiring an additional 215,057 shares in the last quarter. Emeth Value Capital LLC increased its position in Vivid Seats by 43.4% during the 4th quarter. Emeth Value Capital LLC now owns 556,918 shares of the company’s stock valued at $4,015,000 after purchasing an additional 168,607 shares during the period. Sun Life Financial Inc. bought a new position in Vivid Seats in the 4th quarter worth $3,213,000. Finally, First Trust Advisors LP raised its holdings in Vivid Seats by 2.7% in the 2nd 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 in the last quarter. Institutional investors own 39.92% of the company’s stock.

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.