Vivid Seats (NASDAQ:SEAT) Receives New Coverage from Analysts at DA Davidson

DA Davidson assumed coverage on shares of Vivid Seats (NASDAQ:SEATFree Report) in a research report released on Thursday, MarketBeat Ratings reports. The brokerage issued a buy rating and a $7.00 price objective on the stock.

Several other research firms have also recently issued reports on SEAT. Maxim Group boosted their target price on Vivid Seats from $7.00 to $9.00 and gave the company a buy rating in a research note on Wednesday, May 8th. Canaccord Genuity Group lowered their price target on Vivid Seats from $12.00 to $10.00 and set a buy rating on the stock in a report on Wednesday, May 8th. Royal Bank of Canada reduced 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. Craig Hallum started coverage on Vivid Seats in a research report on Friday, February 9th. They set a buy rating and a $10.00 price objective for the company. Finally, Benchmark restated a buy rating and issued a $15.00 price target on shares of Vivid Seats in a research report on Wednesday, May 1st. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, Vivid Seats currently has a consensus rating of Moderate Buy and a consensus price target of $9.86.

Check Out Our Latest Stock Report on SEAT

Vivid Seats Stock Performance

Shares of SEAT opened at $4.85 on Thursday. The company has a market cap of $1.01 billion, a PE ratio of 8.84, a price-to-earnings-growth ratio of 2.95 and a beta of 1.23. The company has a current ratio of 0.57, a quick ratio of 0.51 and a debt-to-equity ratio of 1.89. The stock has a 50-day moving average price of $5.52 and a 200-day moving average price of $6.10. Vivid Seats has a 12-month low of $4.70 and a 12-month high of $8.80.

Vivid Seats (NASDAQ:SEATGet Free Report) last announced its quarterly earnings data on Tuesday, May 7th. The company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.01). The firm had revenue of $190.85 million for the quarter, compared to analysts’ expectations of $181.56 million. Vivid Seats had a net margin of 9.21% and a negative return on equity of 170.34%. As a group, equities analysts forecast that Vivid Seats will post 0.26 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Vivid Seats

Several institutional investors and hedge funds have recently modified their holdings of the business. Parkside Financial Bank & Trust increased its stake in Vivid Seats by 84.7% during the 4th quarter. Parkside Financial Bank & Trust now owns 4,557 shares of the company’s stock worth $29,000 after buying an additional 2,090 shares in the last quarter. DekaBank Deutsche Girozentrale acquired a new position in shares of Vivid Seats during the 3rd quarter worth approximately $37,000. Ameritas Investment Partners Inc. boosted its holdings in shares of Vivid Seats by 301.6% during the 1st quarter. Ameritas Investment Partners Inc. now owns 7,449 shares of the company’s stock worth $45,000 after purchasing an additional 5,594 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of Vivid Seats during the 4th quarter worth approximately $65,000. Finally, Tower Research Capital LLC TRC boosted its holdings in shares of Vivid Seats by 417.1% during the 4th 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 during the last quarter. Hedge funds and other institutional investors own 39.92% of the company’s stock.

Vivid Seats Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Vivid Seats (NASDAQ:SEAT)

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