Vivid Seats Inc. (SEAT) – What Are Analysts Thinking About This Stock?

Vivid Seats Inc. (NASDAQ:SEAT) has been assigned a consensus rating of “Hold” from the ten research firms that are covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $10.27.

A number of research analysts have recently commented on SEAT shares. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Vivid Seats in a research note on Friday, September 4th. Royal Bank Of Canada reissued a “sector perform” rating and set a $9.00 price target (up from $8.00) on shares of Vivid Seats in a research report on Wednesday, August 5th. Wall Street Zen raised shares of Vivid Seats from a “sell” rating to a “hold” rating in a research report on Saturday, August 15th. Benchmark lifted their price target on shares of Vivid Seats from $10.00 to $16.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. Finally, 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.

Vivid Seats Stock Down 3.7%

SEAT opened at $2.87 on Friday. Vivid Seats has a 52 week low of $2.75 and a 52 week high of $13.98. The firm has a market cap of $32.26 million, a P/E ratio of -0.06 and a beta of 1.14. The business’s fifty day simple moving average is $5.01 and its 200 day simple moving average is $6.67.

Vivid Seats (NASDAQ:SEAT) last issued 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). The firm had revenue of $129.86 million for the quarter, compared to analysts’ expectations of $122.11 million. Vivid Seats had a negative return on equity of 211.26% and a negative net margin of 60.26%. As a group, equities analysts expect that Vivid Seats will post -4.42 EPS for the current fiscal year.

Institutional Investors Weigh In On Vivid Seats

A number of hedge funds have recently added to or reduced their stakes in the stock. Quantinno Capital Management LP boosted its holdings in shares of Vivid Seats by 96.8% during the first quarter. Quantinno Capital Management LP now owns 128,401 shares of the company’s stock valued at $759,000 after acquiring an additional 63,161 shares during the period. Whetstone Capital Advisors LLC acquired a new stake in shares of Vivid Seats in the 4th quarter worth about $595,000. Bank of America Corp DE increased its holdings in shares of Vivid Seats by 40.2% in the 1st quarter. Bank of America Corp DE now owns 94,489 shares of the company’s stock worth $558,000 after acquiring an additional 27,088 shares during the period. Finally, Great Lakes Advisors LLC acquired a new stake in shares of Vivid Seats in the 2nd quarter worth about $68,000. 39.92% of the stock is currently owned by institutional investors.

Vivid Seats Company Profile

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.