Vivid Seats Inc. (NASDAQ:SEAT) Receives $10.27 Consensus Price Target from Analysts

Shares of Vivid Seats Inc. (NASDAQ:SEAT) have been given an average rating of “Hold” by the ten ratings firms that are presently covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $10.2667.

A number of equities research analysts recently commented on SEAT shares. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $7.50 target price (up from $7.00) on shares of Vivid Seats in a report on Tuesday, August 25th. Benchmark raised their price target on shares of Vivid Seats from $10.00 to $16.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. Weiss Ratings reissued a “sell (e+)” rating on shares of Vivid Seats in a report on Friday, September 4th. Morgan Stanley set a $9.25 target price on Vivid Seats and gave the stock an “equal weight” rating in a report on Wednesday, June 10th. Finally, Wall Street Zen raised shares of Vivid Seats from a “sell” rating to a “hold” rating in a research note on Saturday, August 15th.

Vivid Seats Price Performance

Shares of SEAT stock opened at $3.95 on Wednesday. The stock’s fifty day moving average price is $6.68 and its 200 day moving average price is $7.04. Vivid Seats has a 1-year low of $3.85 and a 1-year high of $17.30. The company has a market cap of $44.40 million, a price-to-earnings ratio of -0.09 and a beta of 1.05.

Vivid Seats (NASDAQ:SEAT) last announced its quarterly earnings data on Tuesday, August 4th. The company reported ($1.30) EPS for the quarter, missing the consensus estimate of ($1.02) by ($0.28). Vivid Seats had a negative net margin of 60.26% and a negative return on equity of 211.26%. The company had revenue of $129.86 million during the quarter, compared to analysts’ expectations of $122.11 million. As a group, equities research analysts anticipate that Vivid Seats will post -4.42 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Great Lakes Advisors LLC acquired a new position in Vivid Seats in the 2nd quarter valued at $68,000. Bank of America Corp DE boosted its stake in Vivid Seats by 40.2% during the 1st quarter. Bank of America Corp DE now owns 94,489 shares of the company’s stock worth $558,000 after purchasing an additional 27,088 shares during the last quarter. Whetstone Capital Advisors LLC acquired a new stake in Vivid Seats during the 4th quarter worth $595,000. Finally, Quantinno Capital Management LP grew its stake in Vivid Seats by 96.8% during the 1st quarter. Quantinno Capital Management LP now owns 128,401 shares of the company’s stock valued at $759,000 after acquiring an additional 63,161 shares in the last quarter. 39.92% of the stock is owned by hedge funds and other institutional investors.

Vivid Seats Company Profile

Vivid Seats Inc (NASDAQ: SEAT) operates an online ticket marketplace that connects buyers with sellers of tickets to live events. The company’s platform offers access to sporting events, concerts, theater productions, comedy shows and other entertainment experiences through its website and mobile applications.

In addition to its consumer marketplace, Vivid Seats provides distribution and marketing tools that help ticket sellers reach potential buyers. The company also operates Vivid Picks, a sports-focused gaming product, and offers ticketing and fan-engagement services through partnerships and affiliated channels.