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

Stock analysts at Maxim Group assumed coverage on shares of Vivid Seats (NASDAQ:SEAT) in a research report issued on Wednesday, Marketbeat reports. The brokerage set a “buy” rating and a $7.00 price target on the stock. Maxim Group’s price objective would suggest a potential upside of 19.45% from the stock’s current price.

SEAT has been the subject of several other research reports. Craig Hallum started coverage on Vivid Seats in a research report on Friday, February 9th. They set a “buy” rating and a $10.00 target price for the company. Royal Bank of Canada cut their price objective on Vivid Seats from $10.00 to $8.00 and set a “sector perform” rating for the company in a research report on Wednesday, March 6th. Finally, Benchmark reiterated a “buy” rating and issued a $15.00 price objective on shares of Vivid Seats in a research report on Wednesday, March 6th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, Vivid Seats has a consensus rating of “Moderate Buy” and an average target price of $9.94.

Vivid Seats Trading Up 4.8 %

Shares of SEAT opened at $5.86 on Wednesday. The company has a current ratio of 0.50, a quick ratio of 0.46 and a debt-to-equity ratio of 2.52. The stock has a market cap of $1.23 billion, a PE ratio of 10.65, a PEG ratio of 2.45 and a beta of 1.20. Vivid Seats has a 1 year low of $5.11 and a 1 year high of $9.89. The stock has a 50 day simple moving average of $5.80 and a 200-day simple moving average of $6.31.

Institutional Trading of Vivid Seats

A number of institutional investors have recently modified their holdings of SEAT. Parkside Financial Bank & Trust lifted its holdings in shares of Vivid Seats by 84.7% in the fourth quarter. Parkside Financial Bank & Trust now owns 4,557 shares of the company’s stock valued at $29,000 after purchasing an additional 2,090 shares in the last quarter. Bank of America Corp DE bought a new stake in shares of Vivid Seats in the first quarter valued at about $33,000. DekaBank Deutsche Girozentrale bought a new stake in Vivid Seats during the third quarter worth about $37,000. Lazard Asset Management LLC bought a new stake in Vivid Seats during the third quarter worth about $37,000. Finally, Quarry LP raised its holdings in Vivid Seats by 291.2% during the first quarter. Quarry LP now owns 6,584 shares of the company’s stock worth $50,000 after acquiring an additional 4,901 shares in the last quarter. 39.92% of the stock is currently owned by institutional investors.

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.