Brokerages Set Vivid Seats Inc. (NASDAQ:SEAT) Price Target at $9.27

Vivid Seats Inc. (NASDAQ:SEAT) has received an average rating of “Hold” from the nine ratings firms that are covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, four have given a hold recommendation and three have given a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $9.2667.

Several research analysts recently commented on SEAT shares. Morgan Stanley set a $7.75 target price on shares of Vivid Seats in a report on Wednesday, May 6th. Benchmark dropped their target price on shares of Vivid Seats from $18.00 to $10.00 and set a “buy” rating on the stock in a report on Friday, March 13th. Royal Bank Of Canada dropped their price objective on shares of Vivid Seats from $12.00 to $8.00 and set a “sector perform” rating on the stock in a report on Friday, March 13th. Zacks Research upgraded shares of Vivid Seats from a “strong sell” rating to a “hold” rating in a report on Friday, April 10th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Vivid Seats in a research report on Wednesday, January 21st.

Hedge Funds Weigh In On Vivid Seats

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Deutsche Bank AG boosted its position in Vivid Seats by 270.0% in 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. Jain Global LLC acquired a new position in Vivid Seats in the fourth quarter valued at about $97,000. Occudo Quantitative Strategies LP acquired a new position in Vivid Seats in the fourth quarter valued at about $135,000. Jump Financial LLC acquired a new position in shares of Vivid Seats during the second quarter worth approximately $32,000. Finally, Price T Rowe Associates Inc. MD acquired a new position in shares of Vivid Seats during the fourth quarter worth approximately $139,000. 39.92% of the stock is currently owned by institutional investors and hedge funds.

Vivid Seats Stock Performance

Shares of SEAT opened at $8.08 on Thursday. The company has a market capitalization of $87.02 million, a PE ratio of -0.12 and a beta of 0.98. Vivid Seats has a one year low of $5.06 and a one year high of $41.20. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.66 and a quick ratio of 0.58. The company’s fifty day moving average price is $6.97 and its 200 day moving average price is $7.25.

Vivid Seats (NASDAQ:SEAT) last announced its earnings results on Tuesday, May 5th. The company reported ($1.35) EPS for the quarter, missing the consensus estimate of ($1.03) by ($0.32). The firm had revenue of $125.78 million during the quarter, compared to the consensus estimate of $124.55 million. Vivid Seats had a positive return on equity of 68.65% and a negative net margin of 82.25%. As a group, analysts expect that Vivid Seats will post -4.16 earnings per share for the current year.

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.