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

Vivid Seats Inc. (NASDAQ:SEAT) has been assigned a consensus recommendation of “Hold” from the eleven brokerages that are presently covering the company, Marketbeat.com reports. Three analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $14.2650.

A number of research analysts have recently weighed in on the stock. Bank of America restated an “underperform” rating and set a $5.65 price target on shares of Vivid Seats in a report on Thursday, March 12th. Royal Bank Of Canada reduced their price target on Vivid Seats from $12.00 to $8.00 and set a “sector perform” rating for the company in a research report on Friday, March 13th. Zacks Research lowered Vivid Seats from a “hold” rating to a “strong sell” rating in a report on Thursday, March 12th. Scotiabank set a $10.00 target price on Vivid Seats in a report on Friday, March 13th. Finally, Deutsche Bank Aktiengesellschaft set a $7.00 price target on Vivid Seats in a report on Tuesday, January 20th.

Vivid Seats Stock Performance

Shares of NASDAQ SEAT opened at $5.49 on Wednesday. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.59 and a quick ratio of 0.53. Vivid Seats has a one year low of $5.06 and a one year high of $62.40. The business’s 50-day moving average price is $6.52 and its two-hundred day moving average price is $9.24. The company has a market capitalization of $59.13 million, a P/E ratio of -0.08 and a beta of 0.95.

Vivid Seats (NASDAQ:SEAT) last announced its quarterly earnings results on Thursday, March 12th. The company reported ($10.39) EPS for the quarter, missing the consensus estimate of ($1.81) by ($8.58). The firm had revenue of $126.81 million during the quarter, compared to the consensus estimate of $137.18 million. Vivid Seats had a negative net margin of 75.21% and a positive return on equity of 31.44%. Analysts anticipate that Vivid Seats will post 0.12 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Vivid Seats

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Rhumbline Advisers boosted its stake in Vivid Seats by 106.8% during the 2nd quarter. Rhumbline Advisers now owns 203,271 shares of the company’s stock valued at $344,000 after purchasing an additional 104,972 shares during the period. Boston Partners increased its position in Vivid Seats by 7.2% in the 2nd quarter. Boston Partners now owns 4,784,292 shares of the company’s stock worth $8,084,000 after buying an additional 322,461 shares during the period. Quantbot Technologies LP acquired a new position in shares of Vivid Seats during the second quarter worth approximately $43,000. Plan Group Financial LLC lifted its holdings in shares of Vivid Seats by 73.9% during the second quarter. Plan Group Financial LLC now owns 102,670 shares of the company’s stock worth $174,000 after buying an additional 43,619 shares during the last quarter. Finally, First Trust Advisors LP boosted its position in shares of Vivid Seats by 2.7% in the second 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 period. 39.92% of the stock is owned by institutional investors and hedge funds.

Vivid Seats Company Profile

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.