Maxim Group Boosts Vivid Seats (NASDAQ:SEAT) Price Target to $9.00

Vivid Seats (NASDAQ:SEAT) had its target price increased by Maxim Group from $7.00 to $9.00 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Maxim Group’s target price points to a potential upside of 69.17% from the stock’s current price.

SEAT has been the topic of several other research reports. Royal Bank of Canada decreased their price target on shares of Vivid Seats from $10.00 to $8.00 and set a “sector perform” rating on the stock in a report on Wednesday, March 6th. Craig Hallum started coverage on shares of Vivid Seats in a research note on Friday, February 9th. They issued a “buy” rating and a $10.00 price target for the company. Finally, Benchmark reiterated a “buy” rating and issued a $15.00 target price on shares of Vivid Seats in a research report on Wednesday, May 1st. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $10.17.

Vivid Seats Stock Performance

Shares of SEAT traded down $0.09 during trading hours on Wednesday, hitting $5.32. The company’s stock had a trading volume of 437,962 shares, compared to its average volume of 1,528,625. The business has a 50 day simple moving average of $5.70 and a two-hundred day simple moving average of $6.23. The company has a market cap of $1.12 billion, a price-to-earnings ratio of 9.75, a PEG ratio of 2.63 and a beta of 1.23. Vivid Seats has a 52-week low of $5.11 and a 52-week high of $9.89. The company has a debt-to-equity ratio of 2.52, a current ratio of 0.50 and a quick ratio of 0.46.

Hedge Funds Weigh In On Vivid Seats

Hedge funds and other institutional investors have recently made changes to their positions in the business. Parkside Financial Bank & Trust increased its position 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 period. DekaBank Deutsche Girozentrale purchased a new stake in Vivid Seats in the third quarter worth $37,000. SG Americas Securities LLC bought a new position in Vivid Seats in the fourth quarter worth $65,000. Tower Research Capital LLC TRC lifted its position in Vivid Seats by 417.1% during 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 during the period. Finally, AXQ Capital LP bought a new stake in shares of Vivid Seats during the 3rd quarter valued at $84,000. 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.