Brokerages Set Vivid Seats Inc. (NASDAQ:SEAT) PT at $9.86

Shares of Vivid Seats Inc. (NASDAQ:SEATGet Free Report) have been assigned a consensus recommendation of “Moderate Buy” from the eleven ratings firms that are presently covering the company, MarketBeat reports. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $9.86.

A number of research firms have recently issued reports on SEAT. DA Davidson began coverage on shares of Vivid Seats in a research report on Thursday, May 30th. They issued a “buy” rating and a $7.00 price target for the company. Benchmark restated a “buy” rating and issued a $15.00 price objective on shares of Vivid Seats in a report on Wednesday, May 1st. Canaccord Genuity Group dropped their price objective on Vivid Seats from $12.00 to $10.00 and set a “buy” rating on the stock in a report on Wednesday, May 8th. Maxim Group increased their price objective on Vivid Seats from $7.00 to $9.00 and gave the stock a “buy” rating in a report on Wednesday, May 8th. Finally, Royal Bank of Canada dropped their price objective on Vivid Seats from $10.00 to $8.00 and set a “sector perform” rating on the stock in a report on Wednesday, March 6th.

Check Out Our Latest Research Report on Vivid Seats

Vivid Seats Price Performance

NASDAQ SEAT opened at $5.22 on Thursday. The company has a 50 day simple moving average of $5.37 and a 200-day simple moving average of $5.83. The company has a debt-to-equity ratio of 1.89, a current ratio of 0.57 and a quick ratio of 0.51. The firm has a market capitalization of $1.08 billion, a price-to-earnings ratio of 9.87, a price-to-earnings-growth ratio of 3.33 and a beta of 1.20. Vivid Seats has a 52-week low of $4.70 and a 52-week high of $8.80.

Vivid Seats (NASDAQ:SEATGet Free Report) last posted its quarterly earnings results on Tuesday, May 7th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.01). The company had revenue of $190.85 million during the quarter, compared to analysts’ expectations of $181.56 million. Vivid Seats had a negative return on equity of 170.34% and a net margin of 9.21%. Equities research analysts predict that Vivid Seats will post 0.26 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Vivid Seats

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SEAT. Boston Partners grew its stake in shares of Vivid Seats by 118.3% in the fourth quarter. Boston Partners now owns 3,597,970 shares of the company’s stock worth $22,626,000 after acquiring an additional 1,949,891 shares during the last quarter. Clearbridge Investments LLC acquired a new stake in shares of Vivid Seats in the fourth quarter worth $10,815,000. Invenomic Capital Management LP grew its stake in shares of Vivid Seats by 289.4% in the first quarter. Invenomic Capital Management LP now owns 1,539,194 shares of the company’s stock worth $9,220,000 after acquiring an additional 1,143,870 shares during the last quarter. Anson Funds Management LP grew its stake in shares of Vivid Seats by 66.5% in the first quarter. Anson Funds Management LP now owns 2,695,424 shares of the company’s stock worth $16,146,000 after acquiring an additional 1,076,271 shares during the last quarter. Finally, First Sabrepoint Capital Management LP acquired a new stake in shares of Vivid Seats in the first quarter worth $5,690,000. Institutional investors and hedge funds own 39.92% of the company’s stock.

About Vivid Seats

(Get Free Report

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.

Further Reading

Analyst Recommendations for Vivid Seats (NASDAQ:SEAT)

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