Vivid Seats (NASDAQ:SEAT) Given Buy Rating at Bank of America

Bank of America reissued their buy rating on shares of Vivid Seats (NASDAQ:SEAT) in a report published on Tuesday,Benzinga reports. The firm currently has a $6.25 price target on the stock.

A number of other equities analysts have also recently commented on the company. DA Davidson decreased their target price on Vivid Seats from $6.50 to $6.00 and set a “buy” rating on the stock in a report on Thursday, September 12th. Deutsche Bank Aktiengesellschaft reduced their target price on Vivid Seats from $4.50 to $4.00 and set a “hold” rating on the stock in a research report on Monday, November 4th. Piper Sandler reiterated a “neutral” rating and issued a $4.00 price objective (down previously from $5.00) on shares of Vivid Seats in a research report on Friday, November 8th. Benchmark cut their price target on Vivid Seats from $10.00 to $8.00 and set a “buy” rating for the company in a report on Friday, November 8th. Finally, Craig Hallum lowered their price objective on shares of Vivid Seats from $10.00 to $8.00 and set a “buy” rating for the company in a research note on Tuesday, September 10th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, Vivid Seats has an average rating of “Moderate Buy” and a consensus price target of $6.63.

Vivid Seats Stock Down 2.2 %

Shares of NASDAQ:SEAT opened at $4.53 on Tuesday. The firm has a fifty day moving average of $3.72 and a 200 day moving average of $4.24. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.74 and a current ratio of 0.79. Vivid Seats has a 52-week low of $3.24 and a 52-week high of $6.51. The firm has a market capitalization of $941.06 million, a PE ratio of 6.35, a price-to-earnings-growth ratio of 15.89 and a beta of 1.11.

Institutional Trading of Vivid Seats

A number of hedge funds have recently made changes to their positions in SEAT. Charles Schwab Investment Management Inc. boosted its stake in Vivid Seats by 35.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 735,894 shares of the company’s stock valued at $2,723,000 after purchasing an additional 194,561 shares during the period. Clearline Capital LP increased its stake in Vivid Seats by 105.6% in the 2nd quarter. Clearline Capital LP now owns 770,798 shares of the company’s stock worth $4,432,000 after purchasing an additional 395,942 shares in the last quarter. Covalent Partners LLC raised its holdings in shares of Vivid Seats by 66.7% during the third quarter. Covalent Partners LLC now owns 375,000 shares of the company’s stock valued at $1,388,000 after acquiring an additional 150,000 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Vivid Seats in the third quarter worth $521,000. Finally, Captrust Financial Advisors acquired a new stake in shares of Vivid Seats during the 3rd quarter valued at about $544,000. Institutional investors and hedge funds 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.