Vivid Seats Inc. (NASDAQ:SEAT) Receives Average Recommendation of “Moderate Buy” from Brokerages

Vivid Seats Inc. (NASDAQ:SEAT) has earned an average recommendation of “Moderate Buy” from the nine research firms that are covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $7.28.

SEAT has been the subject of several research analyst reports. Piper Sandler dropped their price objective on Vivid Seats from $7.00 to $5.00 and set a “neutral” rating for the company in a report on Wednesday, August 7th. Benchmark dropped their price objective on Vivid Seats from $15.00 to $10.00 and set a “buy” rating for the company in a report on Tuesday, September 10th. DA Davidson dropped their price objective on Vivid Seats from $6.50 to $6.00 and set a “buy” rating for the company in a report on Thursday, September 12th. Citigroup dropped their price objective on Vivid Seats from $10.00 to $9.00 and set a “buy” rating for the company in a report on Friday, September 20th. Finally, Royal Bank of Canada dropped their price objective on Vivid Seats from $8.00 to $7.00 and set a “sector perform” rating for the company in a report on Wednesday, August 7th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Exchange Traded Concepts LLC increased its position in Vivid Seats by 3.8% during the 3rd quarter. Exchange Traded Concepts LLC now owns 99,568 shares of the company’s stock valued at $368,000 after buying an additional 3,676 shares in the last quarter. Ameritas Investment Partners Inc. increased its position in Vivid Seats by 301.6% during the 1st quarter. Ameritas Investment Partners Inc. now owns 7,449 shares of the company’s stock valued at $45,000 after buying an additional 5,594 shares in the last quarter. Rhumbline Advisers increased its position in Vivid Seats by 9.3% during the 2nd quarter. Rhumbline Advisers now owns 93,197 shares of the company’s stock valued at $536,000 after buying an additional 7,961 shares in the last quarter. American Century Companies Inc. increased its position in Vivid Seats by 23.1% during the 2nd quarter. American Century Companies Inc. now owns 55,243 shares of the company’s stock valued at $318,000 after buying an additional 10,372 shares in the last quarter. Finally, Principal Financial Group Inc. bought a new position in Vivid Seats during the 2nd quarter valued at approximately $61,000. Institutional investors own 39.92% of the company’s stock.

Vivid Seats Trading Up 1.3 %

Shares of SEAT stock opened at $3.95 on Wednesday. The stock has a market capitalization of $820.23 million, a PE ratio of 7.31, a P/E/G ratio of 14.98 and a beta of 1.21. Vivid Seats has a 1-year low of $3.36 and a 1-year high of $8.80. The business has a 50-day moving average of $4.09 and a 200 day moving average of $4.83. The company has a debt-to-equity ratio of 2.48, a current ratio of 0.79 and a quick ratio of 0.73.

Vivid Seats (NASDAQ:SEAT) last issued its earnings results on Tuesday, August 6th. The company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.08). The company had revenue of $198.32 million for the quarter, compared to analysts’ expectations of $194.68 million. Vivid Seats had a net margin of 4.73% and a return on equity of 57.44%. During the same quarter in the prior year, the company earned $0.20 earnings per share. As a group, sell-side analysts anticipate that Vivid Seats will post 0.14 earnings per share for the current year.

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.