Vivid Seats (NASDAQ:SEAT) Now Covered by Maxim Group

Maxim Group began coverage on shares of Vivid Seats (NASDAQ:SEAT) in a report issued on Wednesday morning, MarketBeat Ratings reports. The brokerage issued a buy rating and a $7.00 target price on the stock.

Other equities analysts have also issued reports about the company. Royal Bank of Canada dropped their price target on Vivid Seats from $10.00 to $8.00 and set a sector perform rating on the stock in a research note on Wednesday, March 6th. Benchmark reaffirmed a buy rating and set a $15.00 target price on shares of Vivid Seats in a research report on Wednesday, March 6th. Finally, Craig Hallum began coverage on Vivid Seats in a research report on Friday, February 9th. They set a buy rating and a $10.00 target price on the stock. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, Vivid Seats has an average rating of Moderate Buy and an average price target of $9.94.

Vivid Seats Price Performance

Shares of SEAT opened at $5.59 on Wednesday. Vivid Seats has a 52-week low of $5.11 and a 52-week high of $9.89. The company has a debt-to-equity ratio of 2.52, a quick ratio of 0.46 and a current ratio of 0.50. The business’s 50 day moving average price is $5.80 and its two-hundred day moving average price is $6.31. The firm has a market cap of $1.17 billion, a PE ratio of 10.16, a price-to-earnings-growth ratio of 2.45 and a beta of 1.20.

Institutional Investors Weigh In On Vivid Seats

Several institutional investors have recently bought and sold shares of the stock. Legal & General Group Plc grew its holdings in Vivid Seats by 13.9% during the fourth quarter. Legal & General Group Plc now owns 9,944 shares of the company’s stock worth $73,000 after buying an additional 1,217 shares in the last quarter. D.A. Davidson & CO. grew its holdings in Vivid Seats by 4.3% during the third quarter. D.A. Davidson & CO. now owns 35,975 shares of the company’s stock worth $231,000 after buying an additional 1,475 shares in the last quarter. Royal Bank of Canada grew its stake in Vivid Seats by 24.1% in the 2nd quarter. Royal Bank of Canada now owns 8,177 shares of the company’s stock valued at $64,000 after purchasing an additional 1,586 shares during the period. Rhumbline Advisers grew its stake in Vivid Seats by 4.6% in the 1st quarter. Rhumbline Advisers now owns 39,746 shares of the company’s stock valued at $303,000 after purchasing an additional 1,735 shares during the period. Finally, JPMorgan Chase & Co. grew its stake in Vivid Seats by 9.0% in the 4th quarter. JPMorgan Chase & Co. now owns 24,967 shares of the company’s stock valued at $182,000 after purchasing an additional 2,070 shares during the period. Institutional investors own 39.92% of the company’s stock.

About Vivid Seats

Vivid Seats Inc operates an online ticket marketplace in the United States, Canada, and Japan. The company operates in two segments, Marketplace and Resale. The Marketplace segment acts as an intermediary between event ticket buyers and sellers; processes ticket sales on its website and mobile applications through its distribution partners; and sells tickets for sports, concerts, theater events, and other live events.