Brokerages Set Vivid Seats Inc. (NASDAQ:SEAT) Target Price at $30.13

Shares of Vivid Seats Inc. (NASDAQ:SEAT) have been assigned a consensus recommendation of “Hold” from the eleven research firms that are currently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and two have issued a buy recommendation on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $30.1250.

Several brokerages have weighed in on SEAT. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Vivid Seats in a research note on Wednesday, October 8th. Citigroup decreased their price objective on shares of Vivid Seats from $13.00 to $10.00 and set a “neutral” rating on the stock in a report on Monday, November 17th. Canaccord Genuity Group dropped their target price on shares of Vivid Seats from $23.00 to $12.00 and set a “hold” rating for the company in a report on Friday, November 7th. Benchmark reissued a “buy” rating and issued a $18.00 target price (down previously from $26.00) on shares of Vivid Seats in a research report on Friday, November 7th. Finally, Royal Bank Of Canada set a $12.00 price target on Vivid Seats and gave the stock a “sector perform” rating in a research report on Friday, November 7th.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Capstone Financial Advisors Inc. acquired a new position in Vivid Seats during the 2nd quarter worth $25,000. Jump Financial LLC acquired a new position in Vivid Seats during the 2nd quarter worth approximately $32,000. Raymond James Financial Inc. purchased a new stake in shares of Vivid Seats in the 2nd quarter valued at approximately $35,000. Rangeley Capital LLC acquired a new position in Vivid Seats in the second quarter valued at approximately $42,000. Finally, Quantbot Technologies LP acquired a new stake in Vivid Seats during the second quarter worth approximately $43,000. Institutional investors and hedge funds own 39.92% of the company’s stock.

Vivid Seats Trading Up 1.5%

Shares of SEAT stock opened at $6.91 on Monday. Vivid Seats has a twelve month low of $6.26 and a twelve month high of $100.00. The stock has a market cap of $74.14 million, a price-to-earnings ratio of 2.57 and a beta of 0.90. The company’s 50-day moving average price is $9.74 and its 200-day moving average price is $20.07. The company has a current ratio of 0.67, a quick ratio of 0.60 and a debt-to-equity ratio of 1.41.

Vivid Seats (NASDAQ:SEAT) last issued its quarterly earnings data on Thursday, November 6th. The company reported ($1.91) earnings per share for the quarter, missing the consensus estimate of ($1.68) by ($0.23). Vivid Seats had a positive return on equity of 4.50% and a negative net margin of 24.08%.The business had revenue of $136.37 million during the quarter, compared to analysts’ expectations of $131.38 million. As a group, equities analysts predict that Vivid Seats will post 0.12 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.