Vivid Seats (NASDAQ:SEAT) Trading Up 4.8%

Vivid Seats Inc. (NASDAQ:SEAT) was up 4.8% during trading on Thursday . The stock traded as high as $5.87 and last traded at $5.86. Approximately 335,067 shares traded hands during trading, a decline of 79% from the average daily volume of 1,567,825 shares. The stock had previously closed at $5.59.

Analysts Set New Price Targets

Several research analysts have recently commented on SEAT shares. Benchmark reissued a “buy” rating and set a $15.00 price objective on shares of Vivid Seats in a report on Wednesday, March 6th. Craig Hallum assumed coverage on Vivid Seats in a research report on Friday, February 9th. They issued a “buy” rating and a $10.00 target price for the company. Royal Bank of Canada dropped their target price on Vivid Seats from $10.00 to $8.00 and set a “sector perform” rating for the company in a research report on Wednesday, March 6th. Finally, Maxim Group assumed coverage on Vivid Seats in a research report on Wednesday. They issued a “buy” rating and a $7.00 target price for the company. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $9.94.

Vivid Seats Stock Up 0.5 %

The company has a quick ratio of 0.46, a current ratio of 0.50 and a debt-to-equity ratio of 2.52. The company has a 50-day simple moving average of $5.81 and a two-hundred day simple moving average of $6.31. The stock has a market cap of $1.24 billion, a P/E ratio of 10.71, a P/E/G ratio of 2.62 and a beta of 1.20.

Institutional Trading of Vivid Seats

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Legal & General Group Plc lifted its position in Vivid Seats by 13.9% in the fourth quarter. Legal & General Group Plc now owns 9,944 shares of the company’s stock valued at $73,000 after purchasing an additional 1,217 shares during the last quarter. D.A. Davidson & CO. lifted its stake in Vivid Seats by 4.3% in the third quarter. D.A. Davidson & CO. now owns 35,975 shares of the company’s stock worth $231,000 after acquiring an additional 1,475 shares during the period. Royal Bank of Canada lifted its stake in Vivid Seats by 24.1% in the second quarter. Royal Bank of Canada now owns 8,177 shares of the company’s stock worth $64,000 after acquiring an additional 1,586 shares during the period. Rhumbline Advisers lifted its stake in Vivid Seats by 4.6% in the first quarter. Rhumbline Advisers now owns 39,746 shares of the company’s stock worth $303,000 after acquiring an additional 1,735 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake in Vivid Seats by 9.0% in the fourth quarter. JPMorgan Chase & Co. now owns 24,967 shares of the company’s stock worth $182,000 after acquiring an additional 2,070 shares during the period. Institutional investors own 39.92% of the company’s stock.

Vivid Seats Company Profile

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.