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

Shares of Vivid Seats Inc. (NASDAQ:SEAT) have earned a consensus recommendation of “Hold” from the eleven research firms that are presently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and two have given a buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $30.1250.

Several research analysts have weighed in on SEAT shares. Canaccord Genuity Group lowered their price target on Vivid Seats from $23.00 to $12.00 and set a “hold” rating on the stock in a research report on Friday, November 7th. Weiss Ratings reissued a “sell (d-)” rating on shares of Vivid Seats in a research note on Wednesday, October 8th. Benchmark restated a “buy” rating and set a $18.00 target price (down from $26.00) on shares of Vivid Seats in a report on Friday, November 7th. Citigroup cut their price target on shares of Vivid Seats from $13.00 to $10.00 and set a “neutral” rating for the company in a research note on Monday, November 17th. Finally, Royal Bank Of Canada set a $12.00 price objective on shares of Vivid Seats and gave the company a “sector perform” rating in a research report on Friday, November 7th.

Vivid Seats Trading Down 2.2%

Shares of NASDAQ:SEAT opened at $7.40 on Monday. The company’s 50-day moving average price is $10.20 and its two-hundred day moving average price is $20.52. Vivid Seats has a one year low of $7.04 and a one year high of $100.00. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.67 and a quick ratio of 0.60. The stock has a market capitalization of $79.40 million, a PE ratio of 2.75 and a beta of 0.90.

Vivid Seats (NASDAQ:SEAT) last announced its quarterly earnings data on Thursday, November 6th. The company reported ($1.91) earnings per share for the quarter, missing the consensus estimate of ($1.68) by ($0.23). Vivid Seats had a negative net margin of 24.08% and a positive return on equity of 4.50%. The company had revenue of $136.37 million during the quarter, compared to the consensus estimate of $131.38 million. On average, equities analysts forecast that Vivid Seats will post 0.12 EPS for the current fiscal year.

Institutional Trading of Vivid Seats

Institutional investors and hedge funds have recently bought and sold shares of the business. Prescott Group Capital Management L.L.C. bought a new position in shares of Vivid Seats during the 3rd quarter worth approximately $1,330,000. AlphaQuest LLC bought a new stake in Vivid Seats in the 3rd quarter valued at $634,000. Rangeley Capital LLC acquired a new stake in Vivid Seats during the 2nd quarter valued at $42,000. Ameriprise Financial Inc. boosted its position in Vivid Seats by 10.7% during the second quarter. Ameriprise Financial Inc. now owns 2,222,751 shares of the company’s stock worth $3,756,000 after purchasing an additional 215,057 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in shares of Vivid Seats in the second quarter valued at $35,000. Institutional investors 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.