Vivid Seats Inc. (NASDAQ:SEAT) Receives $7.28 Average Target Price from Brokerages

Shares of Vivid Seats Inc. (NASDAQ:SEAT) have been given a consensus rating of “Moderate Buy” by the nine analysts that are presently covering the stock, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $7.28.

A number of research analysts have recently weighed in on SEAT shares. DA Davidson dropped their price target on Vivid Seats from $6.50 to $6.00 and set a “buy” rating for the company in a research report on Thursday, September 12th. Benchmark cut their target price on shares of Vivid Seats from $15.00 to $10.00 and set a “buy” rating for the company in a research report on Tuesday, September 10th. Royal Bank of Canada reduced their price target on shares of Vivid Seats from $8.00 to $7.00 and set a “sector perform” rating on the stock in a report on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft cut their price objective on Vivid Seats from $5.50 to $4.50 and set a “hold” rating for the company in a research report on Monday, August 12th. Finally, Piper Sandler lowered their target price on Vivid Seats from $7.00 to $5.00 and set a “neutral” rating on the stock in a report on Wednesday, August 7th.

Vivid Seats Stock Up 0.3 %

Shares of NASDAQ SEAT opened at $3.59 on Friday. The stock has a market capitalization of $745.47 million, a price-to-earnings ratio of 6.56, a price-to-earnings-growth ratio of 14.46 and a beta of 1.22. Vivid Seats has a 52 week low of $3.58 and a 52 week high of $8.80. The firm has a 50-day moving average price of $4.33 and a 200 day moving average price of $5.08. The company has a quick ratio of 0.73, a current ratio of 0.79 and a debt-to-equity ratio of 2.48.

Vivid Seats (NASDAQ:SEAT) last posted its quarterly earnings results on Tuesday, August 6th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.08). Vivid Seats had a net margin of 4.73% and a return on equity of 57.44%. The company had revenue of $198.32 million for the quarter, compared to analyst estimates of $194.68 million. During the same quarter in the previous year, the business posted $0.20 earnings per share. Equities research analysts anticipate that Vivid Seats will post 0.14 EPS for the current fiscal year.

Institutional Investors Weigh In On Vivid Seats

Several hedge funds have recently made changes to their positions in the business. Ameritas Investment Partners Inc. lifted its position in Vivid Seats by 301.6% during the first quarter. Ameritas Investment Partners Inc. now owns 7,449 shares of the company’s stock worth $45,000 after buying an additional 5,594 shares during the period. Principal Financial Group Inc. purchased a new position in shares of Vivid Seats during the 2nd quarter worth about $61,000. Marshall Wace LLP acquired a new stake in shares of Vivid Seats in the second quarter worth approximately $67,000. Entropy Technologies LP purchased a new stake in Vivid Seats in the first quarter valued at approximately $101,000. Finally, DekaBank Deutsche Girozentrale increased its position in Vivid Seats by 259.3% during the first quarter. DekaBank Deutsche Girozentrale now owns 20,683 shares of the company’s stock worth $124,000 after purchasing an additional 14,927 shares during the last quarter. Institutional investors and hedge funds 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.