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

Vivid Seats Inc. (NASDAQ:SEAT) has been assigned a consensus recommendation of “Hold” from the eleven brokerages that are presently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $20.2222.

A number of analysts recently issued reports on the company. Morgan Stanley set a $9.00 price objective on Vivid Seats in a research report on Thursday, December 18th. Royal Bank Of Canada set a $12.00 price target on Vivid Seats and gave the stock a “sector perform” rating in a research note on Friday, November 7th. Deutsche Bank Aktiengesellschaft set a $7.00 price target on Vivid Seats in a research note on Tuesday, January 20th. Canaccord Genuity Group cut their price objective on shares of Vivid Seats from $23.00 to $12.00 and set a “hold” rating on the stock in a research report on Friday, November 7th. Finally, Citigroup reduced their target price 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.

Vivid Seats Trading Down 0.3%

Shares of NASDAQ:SEAT opened at $5.96 on Friday. The firm has a fifty day moving average of $6.78 and a two-hundred day moving average of $10.60. The company has a quick ratio of 0.60, a current ratio of 0.67 and a debt-to-equity ratio of 1.41. Vivid Seats has a 12-month low of $5.50 and a 12-month high of $85.60. The firm has a market capitalization of $63.95 million, a P/E ratio of 2.22 and a beta of 0.93.

Hedge Funds Weigh In On Vivid Seats

Several hedge funds have recently bought and sold shares of the business. Deutsche Bank AG raised its holdings in Vivid Seats by 270.0% during the fourth quarter. Deutsche Bank AG now owns 10,774 shares of the company’s stock valued at $78,000 after buying an additional 7,862 shares in the last quarter. First Trust Advisors LP increased its holdings in shares of Vivid Seats by 2.7% during the 2nd quarter. First Trust Advisors LP now owns 297,688 shares of the company’s stock valued at $503,000 after acquiring an additional 7,940 shares during the last quarter. Jain Global LLC acquired a new position in shares of Vivid Seats during the 4th quarter valued at about $97,000. Capstone Financial Advisors Inc. bought a new position in shares of Vivid Seats in the 2nd quarter valued at approximately $25,000. Finally, Goldman Sachs Group Inc. lifted its holdings in Vivid Seats by 44.0% in the 4th quarter. Goldman Sachs Group Inc. now owns 51,842 shares of the company’s stock worth $374,000 after purchasing an additional 15,848 shares during the last quarter. 39.92% of the stock is owned by institutional investors and hedge funds.

About Vivid Seats

Vivid Seats, traded on NASDAQ under the ticker SEAT, operates an online ticket marketplace that connects buyers and sellers of live event tickets. The company specializes in facilitating purchases for sports games, concerts, theater productions and other entertainment experiences. Through its digital platform and mobile application, Vivid Seats offers real-time access to available tickets, transparent pricing and a 100% Buyer Guarantee, which ensures ticket authenticity and timely delivery.

Founded in 2001 and headquartered in Chicago, Illinois, Vivid Seats has grown from a regional reseller into one of North America’s leading ticket marketplaces.