Vivid Seats (NASDAQ:SEAT) Upgraded at Zacks Investment Research

Vivid Seats (NASDAQ:SEATGet Rating) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Wednesday, Zacks.com reports.

According to Zacks, “Vivid Seats Inc. provides marketplace which utilizes its technology platform to connect buyers with ticket sellers. Vivid Seats Inc., formerly known as Horizon Acquisition Corporation, is based in CHICAGO. “

Other equities analysts have also issued research reports about the stock. Evercore ISI assumed coverage on shares of Vivid Seats in a report on Tuesday, January 18th. They issued a “hold” rating and a $14.00 price target on the stock. Credit Suisse Group reiterated a “buy” rating and issued a $16.00 price target on shares of Vivid Seats in a report on Friday, March 11th. Raymond James decreased their price target on shares of Vivid Seats from $17.00 to $11.00 in a report on Tuesday. Finally, Benchmark cut their target price on shares of Vivid Seats from $19.00 to $17.00 and set a “buy” rating on the stock in a research note on Friday, March 11th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, Vivid Seats currently has an average rating of “Buy” and a consensus price target of $14.86.

NASDAQ SEAT traded down $0.26 during mid-day trading on Wednesday, reaching $7.34. 1,518 shares of the stock were exchanged, compared to its average volume of 538,582. Vivid Seats has a 1-year low of $7.39 and a 1-year high of $14.35. The firm’s fifty day simple moving average is $10.60.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Qube Research & Technologies Ltd boosted its holdings in shares of Vivid Seats by 58.4% in the 1st quarter. Qube Research & Technologies Ltd now owns 137,969 shares of the company’s stock valued at $1,526,000 after buying an additional 50,878 shares during the period. Rice Hall James & Associates LLC acquired a new position in shares of Vivid Seats in the 1st quarter valued at about $2,822,000. SG Americas Securities LLC acquired a new position in shares of Vivid Seats in the 1st quarter valued at about $382,000. Emerald Mutual Fund Advisers Trust acquired a new position in shares of Vivid Seats in the 1st quarter valued at about $9,636,000. Finally, Emerald Advisers LLC acquired a new position in shares of Vivid Seats in the 1st quarter valued at about $11,871,000. 56.43% of the stock is owned by institutional investors and hedge funds.

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.

Featured Stories

Get a free copy of the Zacks research report on Vivid Seats (SEAT)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Vivid Seats (NASDAQ:SEAT)

Receive News & Ratings for Vivid Seats Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vivid Seats and related companies with MarketBeat.com's FREE daily email newsletter.