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

Vivid Seats Inc. (NASDAQ:SEAT) has been assigned an average recommendation of “Hold” from the eleven ratings firms that are currently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and two have given a buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $20.2222.

Several analysts recently issued reports on the stock. Citigroup reduced 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 report on Monday, November 17th. Canaccord Genuity Group dropped 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 note on Friday, November 7th. Deutsche Bank Aktiengesellschaft set a $7.00 target price on shares of Vivid Seats in a research report on Tuesday, January 20th. Royal Bank Of Canada set a $12.00 target price on shares of Vivid Seats and gave the stock a “sector perform” rating in a report on Friday, November 7th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Vivid Seats in a research note on Wednesday, January 21st.

Vivid Seats Stock Performance

Shares of SEAT opened at $7.04 on Tuesday. Vivid Seats has a one year low of $6.06 and a one year high of $92.00. The company has a market cap of $75.54 million, a PE ratio of 2.62 and a beta of 0.93. The stock has a 50-day moving average of $7.01 and a 200-day moving average of $13.32. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.67 and a quick ratio of 0.60.

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

Institutional Investors Weigh In On Vivid Seats

A number of institutional investors and hedge funds have recently bought and sold shares of SEAT. Emeth Value Capital LLC lifted its stake in Vivid Seats by 27.4% during the 2nd quarter. Emeth Value Capital LLC now owns 7,642,042 shares of the company’s stock valued at $12,915,000 after acquiring an additional 1,644,188 shares in the last quarter. Boston Partners raised its holdings in shares of Vivid Seats by 7.2% in the second quarter. Boston Partners now owns 4,784,292 shares of the company’s stock valued at $8,084,000 after purchasing an additional 322,461 shares during the last quarter. Ameriprise Financial Inc. lifted its position in shares of Vivid Seats by 10.7% during the second quarter. Ameriprise Financial Inc. now owns 2,222,751 shares of the company’s stock valued at $3,756,000 after purchasing an additional 215,057 shares in the last quarter. First Trust Advisors LP boosted its holdings in Vivid Seats by 2.7% during the second quarter. First Trust Advisors LP now owns 297,688 shares of the company’s stock worth $503,000 after purchasing an additional 7,940 shares during the last quarter. Finally, Caption Management LLC boosted its holdings in Vivid Seats by 1,470.9% during the second quarter. Caption Management LLC now owns 250,472 shares of the company’s stock worth $423,000 after purchasing an additional 234,528 shares during the last quarter. 39.92% of the stock is owned by hedge funds and other institutional investors.

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.