Analysts Set Vivid Seats Inc. (NASDAQ:SEAT) Price Target at $6.63

Vivid Seats Inc. (NASDAQ:SEAT) has earned a consensus rating of “Moderate Buy” from the ten brokerages that are presently covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $6.63.

A number of research firms have recently commented on SEAT. Deutsche Bank Aktiengesellschaft lowered their target price on Vivid Seats from $4.50 to $4.00 and set a “hold” rating on the stock in a research note on Monday, November 4th. Maxim Group decreased their price objective on Vivid Seats from $9.00 to $8.00 and set a “buy” rating for the company in a report on Monday, November 4th. Bank of America reissued a “buy” rating and issued a $6.25 price objective on shares of Vivid Seats in a report on Tuesday, December 31st. Benchmark decreased their price objective 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, Piper Sandler reissued a “neutral” rating and issued a $4.00 price objective (down previously from $5.00) on shares of Vivid Seats in a report on Friday, November 8th.

Vivid Seats Stock Down 2.8 %

NASDAQ SEAT opened at $4.24 on Friday. Vivid Seats has a one year low of $3.24 and a one year high of $6.41. The company has a current ratio of 0.79, a quick ratio of 0.74 and a debt-to-equity ratio of 1.17. The business’s fifty day moving average is $4.03 and its 200-day moving average is $4.13.

Vivid Seats (NASDAQ:SEAT) last released its earnings results on Thursday, November 7th. The company reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.01. The company had revenue of $186.61 million for the quarter, compared to analysts’ expectations of $186.61 million. Vivid Seats had a return on equity of 21.29% and a net margin of 4.56%. During the same period in the previous year, the business posted $0.07 EPS. As a group, equities research analysts anticipate that Vivid Seats will post 0.12 earnings per share for the current year.

Institutional Trading of Vivid Seats

A number of hedge funds have recently bought and sold shares of the company. Rhumbline Advisers lifted its position in Vivid Seats by 64.9% in the 4th quarter. Rhumbline Advisers now owns 166,697 shares of the company’s stock worth $772,000 after buying an additional 65,620 shares during the last quarter. Equitable Trust Co. boosted its stake in shares of Vivid Seats by 11.1% during the fourth quarter. Equitable Trust Co. now owns 133,485 shares of the company’s stock valued at $618,000 after purchasing an additional 13,375 shares during the period. Stoneridge Investment Partners LLC purchased a new stake in shares of Vivid Seats during the fourth quarter valued at approximately $53,000. Stratos Wealth Partners LTD. purchased a new stake in shares of Vivid Seats during the fourth quarter valued at approximately $46,000. Finally, Emeth Value Capital LLC purchased a new stake in shares of Vivid Seats during the fourth quarter valued at approximately $23,250,000. Institutional investors 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.