Analysts Set Vivid Seats Inc. (NASDAQ:SEAT) Price Target at $10.15

Shares of Vivid Seats Inc. (NASDAQ:SEAT) have earned a consensus recommendation of “Moderate Buy” from the ten brokerages that are currently covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $10.15.

Several equities analysts have recently issued reports on SEAT shares. Benchmark reiterated a “buy” rating and issued a $15.00 price target on shares of Vivid Seats in a research note on Wednesday, May 1st. Maxim Group boosted their target price on Vivid Seats from $7.00 to $9.00 and gave the stock a “buy” rating in a research note on Wednesday, May 8th. Royal Bank of Canada reduced 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 research note on Wednesday, March 6th. Canaccord Genuity Group decreased their price target on shares of Vivid Seats from $12.00 to $10.00 and set a “buy” rating on the stock in a report on Wednesday, May 8th. Finally, 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 objective for the company.

Institutional Investors Weigh In On Vivid Seats

Several hedge funds have recently added to or reduced their stakes in the business. Parkside Financial Bank & Trust raised its stake 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 acquiring an additional 2,090 shares during the last quarter. DekaBank Deutsche Girozentrale bought a new position in Vivid Seats during the 3rd quarter worth $37,000. Ameritas Investment Partners Inc. grew its position in shares of Vivid Seats by 301.6% in the 1st quarter. Ameritas Investment Partners Inc. now owns 7,449 shares of the company’s stock valued at $45,000 after buying an additional 5,594 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of Vivid Seats in the fourth quarter valued at about $65,000. Finally, Tower Research Capital LLC TRC increased 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 during the period. 39.92% of the stock is currently owned by institutional investors and hedge funds.

Vivid Seats Stock Up 0.4 %

NASDAQ SEAT opened at $5.12 on Friday. The business has a fifty day moving average price of $5.59 and a two-hundred day moving average price of $6.18. The stock has a market capitalization of $1.06 billion, a PE ratio of 9.11, a PEG ratio of 3.05 and a beta of 1.23. Vivid Seats has a fifty-two week low of $4.95 and a fifty-two week high of $8.80. The company has a debt-to-equity ratio of 1.89, a current ratio of 0.57 and a quick ratio of 0.51.

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.