Vivid Seats Inc. (NASDAQ:SEAT) Receives $9.27 Consensus PT from Analysts

Shares of Vivid Seats Inc. (NASDAQ:SEAT) have been given a consensus rating of “Hold” by the nine brokerages that are presently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, five have given a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $9.4333.

A number of research analysts recently issued reports on the company. Scotiabank set a $10.00 price objective on Vivid Seats in a report on Friday, March 13th. Benchmark decreased their price objective on Vivid Seats from $18.00 to $10.00 and set a “buy” rating for the company in a report on Friday, March 13th. Wall Street Zen upgraded Vivid Seats from a “strong sell” rating to a “sell” rating in a report on Saturday, May 9th. Craig Hallum upgraded Vivid Seats from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a report on Friday, March 13th. Finally, Zacks Research upgraded Vivid Seats from a “strong sell” rating to a “hold” rating in a report on Friday, April 10th.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Jump Financial LLC acquired a new position in Vivid Seats during the second quarter valued at approximately $32,000. Raymond James Financial Inc. acquired a new stake in shares of Vivid Seats in the second quarter valued at approximately $35,000. Rangeley Capital LLC acquired a new stake in shares of Vivid Seats in the second quarter valued at approximately $42,000. Quantbot Technologies LP acquired a new stake in shares of Vivid Seats in the second quarter valued at approximately $43,000. Finally, Deutsche Bank AG lifted its position in shares of Vivid Seats by 270.0% in the fourth quarter. Deutsche Bank AG now owns 10,774 shares of the company’s stock valued at $78,000 after buying an additional 7,862 shares during the last quarter. 39.92% of the stock is owned by institutional investors and hedge funds.

Vivid Seats Stock Down 9.0%

Shares of Vivid Seats stock opened at $7.76 on Monday. Vivid Seats has a 1 year low of $5.06 and a 1 year high of $41.20. The business has a 50-day moving average of $7.85 and a two-hundred day moving average of $7.11. The company has a market capitalization of $83.58 million, a P/E ratio of -0.11 and a beta of 1.08. 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 (NASDAQ:SEAT) last announced its quarterly earnings results on Tuesday, May 5th. The company reported ($1.35) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.03) by ($0.32). The business had revenue of $125.78 million during the quarter, compared to the consensus estimate of $124.55 million. Vivid Seats had a positive return on equity of 68.65% and a negative net margin of 82.25%. As a group, equities analysts predict 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.