Vivid Seats Inc. (NASDAQ:SEAT) Receives $10.21 Consensus PT from Analysts

Vivid Seats Inc. (NASDAQ:SEAT) has earned a consensus recommendation of “Hold” from the nine brokerages that are presently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and two have given a buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $10.2111.

SEAT has been the subject of several research analyst reports. Benchmark lifted their target price on shares of 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 raised shares of Vivid Seats from a “sell” rating to a “hold” rating in a report on Saturday, August 15th. Royal Bank Of Canada restated a “sector perform” rating and set a $9.00 price objective (up from $8.00) on shares of Vivid Seats in a research report on Wednesday, August 5th. Morgan Stanley set a $9.25 price objective on Vivid Seats and gave the stock an “equal weight” rating in a report on Wednesday, June 10th. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Vivid Seats in a research report on Tuesday, June 9th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SEAT. Deutsche Bank AG increased its position in Vivid Seats by 270.0% during the 4th quarter. Deutsche Bank AG now owns 10,774 shares of the company’s stock worth $78,000 after buying an additional 7,862 shares during the period. First Trust Advisors LP boosted its position in shares of Vivid Seats by 2.7% in the second quarter. First Trust Advisors LP now owns 297,688 shares of the company’s stock valued at $503,000 after acquiring an additional 7,940 shares during the period. Great Lakes Advisors LLC bought a new stake in shares of Vivid Seats in the second quarter valued at about $68,000. Jain Global LLC acquired a new position in shares of Vivid Seats in the fourth quarter valued at about $97,000. Finally, Goldman Sachs Group Inc. grew its stake in shares of Vivid Seats by 44.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 51,842 shares of the company’s stock valued at $374,000 after acquiring an additional 15,848 shares in the last quarter. 39.92% of the stock is owned by institutional investors and hedge funds.

Vivid Seats Price Performance

SEAT stock opened at $7.00 on Friday. The company has a fifty day moving average price of $7.28 and a two-hundred day moving average price of $7.20. Vivid Seats has a one year low of $5.06 and a one year high of $18.73. The stock has a market cap of $78.69 million, a price-to-earnings ratio of -0.15 and a beta of 1.08.

Vivid Seats (NASDAQ:SEAT) last released its quarterly earnings data on Tuesday, August 4th. The company reported ($1.30) EPS for the quarter, missing the consensus estimate of ($1.02) by ($0.28). The company had revenue of $129.86 million during the quarter, compared to analyst estimates of $122.11 million. Vivid Seats had a negative net margin of 60.26% and a negative return on equity of 211.26%. Research analysts anticipate that Vivid Seats will post -4.44 EPS for the current fiscal 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.