Vivid Seats Inc. (NASDAQ:SEAT) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Vivid Seats Inc. (NASDAQ:SEAT) have been given an average recommendation of “Hold” by the twelve analysts that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $5.49.

Several brokerages have commented on SEAT. Canaccord Genuity Group cut their target price on Vivid Seats from $6.00 to $5.00 and set a “buy” rating on the stock in a report on Thursday, March 13th. Raymond James lowered Vivid Seats from a “moderate buy” rating to a “hold” rating in a research note on Thursday, March 13th. Morgan Stanley decreased their target price on shares of Vivid Seats from $4.60 to $3.75 and set an “equal weight” rating for the company in a research report on Thursday, March 13th. Royal Bank of Canada dropped their price target on shares of Vivid Seats from $6.00 to $4.00 and set a “sector perform” rating on the stock in a research report on Thursday, March 13th. Finally, Benchmark reduced their price objective on shares of Vivid Seats from $8.00 to $6.00 and set a “buy” rating on the stock in a research note on Thursday, March 13th.

Vivid Seats Stock Performance

SEAT stock opened at $2.71 on Friday. The company has a quick ratio of 0.74, a current ratio of 0.79 and a debt-to-equity ratio of 1.17. Vivid Seats has a 52-week low of $2.15 and a 52-week high of $6.09. The company has a fifty day moving average price of $3.00 and a 200-day moving average price of $3.68.

Hedge Funds Weigh In On Vivid Seats

A number of institutional investors and hedge funds have recently made changes to their positions in SEAT. Barclays PLC grew its position in Vivid Seats by 353.2% in the 3rd quarter. Barclays PLC now owns 125,163 shares of the company’s stock valued at $462,000 after purchasing an additional 97,546 shares during the period. SG Americas Securities LLC grew its holdings in shares of Vivid Seats by 8.5% during the fourth quarter. SG Americas Securities LLC now owns 37,065 shares of the company’s stock valued at $172,000 after buying an additional 2,909 shares during the last quarter. Exchange Traded Concepts LLC grew its holdings in shares of Vivid Seats by 23.9% during the fourth quarter. Exchange Traded Concepts LLC now owns 123,412 shares of the company’s stock valued at $571,000 after buying an additional 23,844 shares during the last quarter. Emeth Value Capital LLC acquired a new position in Vivid Seats during the 4th quarter valued at about $23,250,000. Finally, Stratos Wealth Partners LTD. bought a new stake in Vivid Seats during the 4th quarter worth approximately $46,000. Institutional investors own 39.92% of the company’s stock.

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.