Vivid Seats Inc. (NASDAQ:SEAT) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Vivid Seats Inc. (NASDAQ:SEAT) have been given a consensus rating of “Moderate Buy” by the nine research firms that are presently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $9.94.

Several brokerages recently commented on SEAT. Benchmark reaffirmed a “buy” rating and issued a $15.00 price target on shares of Vivid Seats in a research note on Wednesday, March 6th. Royal Bank of Canada decreased 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. Maxim Group began coverage on Vivid Seats in a research note on Wednesday, April 17th. They issued a “buy” rating and a $7.00 price target on the stock. Finally, Craig Hallum began coverage on Vivid Seats in a research note on Friday, February 9th. They issued a “buy” rating and a $10.00 price target on the stock.

Vivid Seats Stock Performance

SEAT opened at $5.83 on Wednesday. The stock has a market cap of $1.23 billion, a PE ratio of 10.60, a P/E/G ratio of 2.63 and a beta of 1.20. The company has a current ratio of 0.50, a quick ratio of 0.46 and a debt-to-equity ratio of 2.52. Vivid Seats has a 1 year low of $5.11 and a 1 year high of $9.89. The stock’s 50 day simple moving average is $5.81 and its 200-day simple moving average is $6.29.

Hedge Funds Weigh In On Vivid Seats

A number of institutional investors and hedge funds have recently bought and sold shares of SEAT. Parkside Financial Bank & Trust boosted its stake in Vivid Seats by 84.7% in the fourth quarter. Parkside Financial Bank & Trust now owns 4,557 shares of the company’s stock worth $29,000 after purchasing an additional 2,090 shares in the last quarter. DekaBank Deutsche Girozentrale acquired a new position in Vivid Seats in the third quarter worth $37,000. SG Americas Securities LLC acquired a new position in Vivid Seats in the fourth quarter worth $65,000. Tower Research Capital LLC TRC boosted its stake in Vivid Seats by 417.1% in the fourth quarter. Tower Research Capital LLC TRC now owns 11,308 shares of the company’s stock worth $71,000 after purchasing an additional 9,121 shares in the last quarter. Finally, AXQ Capital LP acquired a new position in Vivid Seats in the third quarter worth $84,000. Institutional investors and hedge funds own 39.92% of the company’s stock.

Vivid Seats Company Profile

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.