Vivid Seats (NASDAQ:SEAT – Get Rating) had its price objective dropped by stock analysts at Raymond James from $17.00 to $11.00 in a report issued on Tuesday, The Fly reports. Raymond James’ price objective points to a potential upside of 44.74% from the stock’s previous close.
A number of other research analysts have also recently commented on SEAT. Evercore ISI assumed coverage on Vivid Seats in a research report on Tuesday, January 18th. They issued a “hold” rating and a $14.00 price target on the stock. Benchmark decreased their price target on Vivid Seats from $19.00 to $17.00 and set a “buy” rating on the stock in a research report on Friday, March 11th. Credit Suisse Group restated a “buy” rating and issued a $16.00 price target on shares of Vivid Seats in a research report on Friday, March 11th. Finally, Zacks Investment Research cut Vivid Seats from a “hold” rating to a “sell” rating in a research report on Tuesday, May 3rd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, Vivid Seats presently has an average rating of “Buy” and a consensus target price of $14.86.
Shares of NASDAQ SEAT traded down $1.02 during mid-day trading on Tuesday, reaching $7.60. The company had a trading volume of 1,337,086 shares, compared to its average volume of 538,582. Vivid Seats has a one year low of $7.39 and a one year high of $14.35. The company has a 50-day moving average price of $10.69.
Vivid Seats Company Profile (Get Rating)
Vivid Seats Inc operates as an online secondary marketplace for tickets in the United States and Canada. 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 live sports, concerts, and theater shows, and other live events.
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