Vivid Seats (NASDAQ:SEAT) Price Target Cut to $4.50 by Analysts at Deutsche Bank Aktiengesellschaft

Vivid Seats (NASDAQ:SEAT) had its price objective decreased by Deutsche Bank Aktiengesellschaft from $5.50 to $4.50 in a research report report published on Monday, Benzinga reports. Deutsche Bank Aktiengesellschaft currently has a hold rating on the stock.

Several other research firms have also issued reports on SEAT. Piper Sandler dropped their target price on shares of Vivid Seats from $7.00 to $5.00 and set a neutral rating on the stock in a report on Wednesday, August 7th. Benchmark restated a buy rating and set a $15.00 target price on shares of Vivid Seats in a research report on Tuesday, July 30th. DA Davidson reiterated a buy rating and issued a $7.00 target price on shares of Vivid Seats in a report on Friday, June 21st. Royal Bank of Canada dropped their price target on Vivid Seats from $8.00 to $7.00 and set a sector perform rating on the stock in a research note on Wednesday, August 7th. Finally, Maxim Group raised their price objective on shares of Vivid Seats from $7.00 to $9.00 and gave the stock a buy rating in a research report on Wednesday, May 8th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Vivid Seats presently has an average rating of Moderate Buy and a consensus price target of $8.44.

Vivid Seats Trading Up 1.3 %

Shares of SEAT stock traded up $0.05 on Monday, hitting $3.81. The company had a trading volume of 90,922 shares, compared to its average volume of 1,456,451. Vivid Seats has a twelve month low of $3.60 and a twelve month high of $8.80. The company has a debt-to-equity ratio of 1.89, a quick ratio of 0.51 and a current ratio of 0.57. The firm has a market cap of $791.15 million, a P/E ratio of 7.80, a P/E/G ratio of 2.84 and a beta of 1.23. The stock’s 50-day moving average is $5.11 and its two-hundred day moving average is $5.45.

Vivid Seats (NASDAQ:SEAT) last announced its earnings results on Tuesday, August 6th. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.07 by ($0.08). Vivid Seats had a net margin of 9.21% and a negative return on equity of 170.34%. The company had revenue of $198.32 million during the quarter, compared to the consensus estimate of $194.68 million. During the same quarter in the previous year, the company earned $0.20 earnings per share. On average, equities research analysts anticipate that Vivid Seats will post 0.26 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Vivid Seats

Institutional investors have recently modified their holdings of the company. Parkside Financial Bank & Trust raised its holdings in Vivid Seats by 84.7% during the fourth quarter. Parkside Financial Bank & Trust now owns 4,557 shares of the company’s stock worth $29,000 after buying an additional 2,090 shares during the last quarter. Ameritas Investment Partners Inc. grew its stake in 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 purchasing an additional 5,594 shares during the period. Principal Financial Group Inc. purchased a new stake in shares of Vivid Seats during the 2nd quarter valued at $61,000. SG Americas Securities LLC bought a new stake in shares of Vivid Seats during the 4th quarter worth $65,000. Finally, Entropy Technologies LP purchased a new position in shares of Vivid Seats in the 1st quarter worth about $101,000. 39.92% of the stock is owned by institutional investors and hedge funds.

About Vivid Seats

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.