Vivid Seats (NASDAQ:SEAT) Stock Rating Reaffirmed by Benchmark

Benchmark reiterated their buy rating on shares of Vivid Seats (NASDAQ:SEAT) in a research report sent to investors on Wednesday, Benzinga reports. The brokerage currently has a $15.00 price objective on the stock.

A number of other brokerages have also recently issued reports on SEAT. Maxim Group began coverage on Vivid Seats in a research note on Wednesday, April 17th. They set a buy rating and a $7.00 price objective on the stock. Craig Hallum started coverage on Vivid Seats in a research note on Friday, February 9th. They issued a buy rating and a $10.00 target price on the stock. Finally, Royal Bank of Canada lowered their price objective on shares of Vivid Seats from $10.00 to $8.00 and set a sector perform rating for the company in a report on Wednesday, March 6th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of Moderate Buy and a consensus price target of $9.94.

Vivid Seats Stock Up 2.0 %

SEAT opened at $5.49 on Wednesday. The stock has a market cap of $1.15 billion, a PE ratio of 9.98, a P/E/G ratio of 2.48 and a beta of 1.23. The company has a quick ratio of 0.46, a current ratio of 0.50 and a debt-to-equity ratio of 2.52. Vivid Seats has a 52 week low of $5.11 and a 52 week high of $9.89. The business’s fifty day simple moving average is $5.72 and its 200 day simple moving average is $6.24.

Hedge Funds Weigh In On Vivid Seats

Large investors have recently made changes to their positions in the business. Boston Partners purchased a new position in shares of Vivid Seats during the third quarter valued at approximately $10,436,000. Brandywine Global Investment Management LLC lifted its holdings in shares of Vivid Seats by 8.2% during the third quarter. Brandywine Global Investment Management LLC now owns 1,515,576 shares of the company’s stock valued at $9,730,000 after purchasing an additional 114,815 shares during the last quarter. M&T Bank Corp purchased a new position in shares of Vivid Seats during the third quarter valued at approximately $460,000. Acadian Asset Management LLC lifted its holdings in shares of Vivid Seats by 235.3% during the third quarter. Acadian Asset Management LLC now owns 90,840 shares of the company’s stock valued at $581,000 after purchasing an additional 63,745 shares during the last quarter. Finally, FMR LLC lifted its holdings in shares of Vivid Seats by 6.8% during the third quarter. FMR LLC now owns 3,520,887 shares of the company’s stock valued at $22,604,000 after purchasing an additional 223,676 shares during the last quarter. 39.92% of the stock is currently owned by hedge funds and other institutional investors.

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.