Vivid Seats Inc. (NASDAQ:SEAT) Receives $9.94 Average Target Price from Analysts

Shares of Vivid Seats Inc. (NASDAQ:SEAT) have received an average recommendation of “Moderate Buy” from the nine analysts that are currently covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $9.94.

A number of research firms have recently weighed in on SEAT. Maxim Group began coverage on Vivid Seats in a report on Wednesday, April 17th. They issued a “buy” rating and a $7.00 price target for the company. Craig Hallum began coverage on Vivid Seats in a report on Friday, February 9th. They issued a “buy” rating and a $10.00 price target for the company. Benchmark reissued a “buy” rating and issued a $15.00 price target on shares of Vivid Seats in a report on Wednesday, March 6th. Finally, Royal Bank of Canada cut their price target on Vivid Seats from $10.00 to $8.00 and set a “sector perform” rating for the company in a report on Wednesday, March 6th.

Institutional Investors Weigh In On Vivid Seats

A number of institutional investors have recently added to or reduced their stakes in the company. D.A. Davidson & CO. grew its position in Vivid Seats by 4.3% during the third quarter. D.A. Davidson & CO. now owns 35,975 shares of the company’s stock valued at $231,000 after acquiring an additional 1,475 shares during the period. Parkside Financial Bank & Trust grew its stake in shares of Vivid Seats by 84.7% in 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 in the last quarter. Swiss National Bank grew its stake in shares of Vivid Seats by 5.1% in the third quarter. Swiss National Bank now owns 84,500 shares of the company’s stock valued at $542,000 after buying an additional 4,100 shares in the last quarter. DekaBank Deutsche Girozentrale acquired a new stake in shares of Vivid Seats in the third quarter valued at about $37,000. Finally, Tower Research Capital LLC TRC grew its stake in shares of Vivid Seats by 417.1% in the fourth quarter. Tower Research Capital LLC TRC now owns 11,308 shares of the company’s stock valued at $71,000 after buying an additional 9,121 shares in the last quarter. Hedge funds and other institutional investors own 39.92% of the company’s stock.

Vivid Seats Stock Performance

NASDAQ SEAT opened at $5.92 on Wednesday. Vivid Seats has a fifty-two week low of $5.11 and a fifty-two week high of $9.89. The stock has a market cap of $1.24 billion, a price-to-earnings ratio of 10.76, a price-to-earnings-growth ratio of 2.82 and a beta of 1.20. The business has a fifty day moving average of $5.79 and a 200-day moving average of $6.28. The company has a quick ratio of 0.46, a current ratio of 0.50 and a debt-to-equity ratio of 2.52.

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.