Deutsche Bank Aktiengesellschaft Lowers Vivid Seats (NASDAQ:SEAT) Price Target to $4.00

Vivid Seats (NASDAQ:SEAT) had its target price lowered by investment analysts at Deutsche Bank Aktiengesellschaft from $4.50 to $4.00 in a research report issued on Monday, Benzinga reports. The firm presently has a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft’s price objective indicates a potential upside of 1.27% from the stock’s current price.

SEAT has been the topic of a number of other research reports. Craig Hallum lowered their price target on Vivid Seats from $10.00 to $8.00 and set a “buy” rating on the stock in a research report on Tuesday, September 10th. Maxim Group cut their price target on Vivid Seats from $9.00 to $8.00 and set a “buy” rating for the company in a report on Monday. Citigroup reduced their price objective on shares of Vivid Seats from $10.00 to $9.00 and set a “buy” rating for the company in a research report on Friday, September 20th. Piper Sandler cut their target price on shares of Vivid Seats from $7.00 to $5.00 and set a “neutral” rating for the company in a research note on Wednesday, August 7th. Finally, Canaccord Genuity Group decreased their price target on shares of Vivid Seats from $8.00 to $7.00 and set a “buy” rating on the stock in a research note on Thursday, September 12th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $7.11.

Vivid Seats Stock Down 4.4 %

SEAT traded down $0.18 on Monday, hitting $3.95. 428,859 shares of the company were exchanged, compared to its average volume of 1,388,088. The company has a debt-to-equity ratio of 2.48, a quick ratio of 0.73 and a current ratio of 0.79. The stock’s fifty day moving average is $4.04 and its 200-day moving average is $4.74. The company has a market cap of $821.93 million, a PE ratio of 7.40, a PEG ratio of 16.55 and a beta of 1.18. Vivid Seats has a 12 month low of $3.36 and a 12 month high of $8.80.

Vivid Seats (NASDAQ:SEAT) last issued its earnings results on Tuesday, August 6th. The company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.08). Vivid Seats had a return on equity of 57.44% and a net margin of 4.73%. The firm 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 firm posted $0.20 earnings per share. Equities research analysts predict that Vivid Seats will post 0.14 EPS for the current fiscal year.

Institutional Investors Weigh In On Vivid Seats

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Clearline Capital LP lifted its position in shares of Vivid Seats by 105.6% during the 2nd quarter. Clearline Capital LP now owns 770,798 shares of the company’s stock worth $4,432,000 after buying an additional 395,942 shares during the last quarter. Janus Henderson Group PLC boosted its position in Vivid Seats by 10.1% in the first quarter. Janus Henderson Group PLC now owns 2,979,885 shares of the company’s stock valued at $17,849,000 after buying an additional 273,734 shares in the last quarter. Clearbridge Investments LLC grew its stake in shares of Vivid Seats by 17.6% during the first quarter. Clearbridge Investments LLC now owns 2,012,878 shares of the company’s stock worth $12,057,000 after buying an additional 301,623 shares during the last quarter. Swiss National Bank increased its holdings in shares of Vivid Seats by 14.0% during the first quarter. Swiss National Bank now owns 132,100 shares of the company’s stock worth $791,000 after buying an additional 16,200 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC bought a new position in shares of Vivid Seats in the 1st quarter valued at $230,000. 39.92% of the stock is currently owned by institutional investors.

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.