Vivid Seats Inc. (NASDAQ:SEAT) Receives Consensus Rating of “Buy” from Analysts

Vivid Seats Inc. (NASDAQ:SEATGet Rating) has been assigned a consensus recommendation of “Buy” from the nine analysts that are currently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $15.71.

Several research firms recently issued reports on SEAT. Zacks Investment Research raised shares of Vivid Seats from a “sell” rating to a “hold” rating in a research note on Friday. Evercore ISI began coverage on shares of Vivid Seats in a research note on Tuesday, January 18th. They issued a “hold” rating and a $14.00 price objective for the company. Benchmark reduced their price objective on shares of Vivid Seats from $19.00 to $17.00 and set a “buy” rating for the company in a research note on Friday, March 11th. Citigroup raised shares of Vivid Seats from a “neutral” rating to a “buy” rating and set a $14.00 price objective for the company in a research note on Monday, January 3rd. Finally, Credit Suisse Group reaffirmed a “buy” rating and issued a $16.00 price objective on shares of Vivid Seats in a research note on Friday, March 11th.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Wolverine Asset Management LLC acquired a new position in Vivid Seats in the fourth quarter valued at about $52,000. State Street Corp acquired a new position in shares of Vivid Seats during the fourth quarter worth approximately $119,000. Victory Capital Management Inc. acquired a new position in shares of Vivid Seats during the fourth quarter worth approximately $120,000. Winthrop Advisory Group LLC acquired a new position in shares of Vivid Seats during the first quarter worth approximately $166,000. Finally, Mirabella Financial Services LLP acquired a new position in shares of Vivid Seats during the fourth quarter worth approximately $190,000. 55.24% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ:SEAT opened at $10.32 on Friday. The firm’s fifty day moving average is $11.02. Vivid Seats has a 12-month low of $7.84 and a 12-month high of $14.35.

Vivid Seats Company Profile (Get Rating)

Vivid Seats Inc operates an independent secondary marketplace for tickets. It sells tickets for live sports, concerts, and theater events. The company was founded in 2001 and is headquartered in Chicago, Illinois.

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Analyst Recommendations for Vivid Seats (NASDAQ:SEAT)

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