Equities research analysts at Maxim Group began coverage on shares of Vivid Seats (NASDAQ:SEAT – Get Free Report) in a research report issued on Wednesday, Marketbeat Ratings reports. The brokerage set a “buy” rating and a $7.00 price target on the stock. Maxim Group’s price objective suggests a potential upside of 19.45% from the stock’s previous close.
Several other brokerages have also recently issued reports on SEAT. Benchmark restated a “buy” rating and set a $15.00 price objective on shares of Vivid Seats in a research note on Wednesday, March 6th. Royal Bank of Canada reduced their price objective on Vivid Seats from $10.00 to $8.00 and set a “sector perform” rating on the stock in a research note on Wednesday, March 6th. Finally, Craig Hallum assumed coverage on shares of Vivid Seats in a report on Friday, February 9th. They issued a “buy” rating and a $10.00 price objective for the company. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $9.94.
View Our Latest Analysis on Vivid Seats
Vivid Seats Trading Up 4.8 %
Institutional Investors Weigh In On Vivid Seats
A number of hedge funds have recently added to or reduced their stakes in SEAT. Parkside Financial Bank & Trust raised its holdings in shares of Vivid Seats by 84.7% during the fourth quarter. Parkside Financial Bank & Trust now owns 4,557 shares of the company’s stock valued at $29,000 after buying an additional 2,090 shares during the last quarter. Bank of America Corp DE bought a new stake in Vivid Seats during the 1st quarter valued at $33,000. DekaBank Deutsche Girozentrale acquired a new position in Vivid Seats during the 3rd quarter worth $37,000. Lazard Asset Management LLC bought a new position in shares of Vivid Seats in the third quarter worth $37,000. Finally, Quarry LP grew its stake in shares of Vivid Seats by 291.2% in the first quarter. Quarry LP now owns 6,584 shares of the company’s stock worth $50,000 after purchasing an additional 4,901 shares in the last quarter. 39.92% of the stock is currently owned by institutional investors.
About Vivid Seats
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.
Featured Stories
- Five stocks we like better than Vivid Seats
- 3 Warren Buffett Stocks to Buy Now
- Comprehensive PepsiCo Stock Analysis
- Stock Sentiment Analysis: How it Works
- CSX Co.: The Railroad Powering Ahead with an Earnings Beat
- What Are Trending Stocks? Trending Stocks Explained
- 3 Steel Stocks Could Soar on New China Tariffs
Receive News & Ratings for Vivid Seats Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vivid Seats and related companies with MarketBeat.com's FREE daily email newsletter.