Vivid Seats Inc. (SEAT) – What Are Analysts Thinking About This Stock?

Vivid Seats Inc. (NASDAQ:SEAT) has been assigned a consensus rating of “Hold” from the ten brokerages that are presently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, six have given a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $10.27.

A number of analysts have commented on SEAT shares. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $7.50 target price (up from $7.00) on shares of Vivid Seats in a report on Tuesday, August 25th. Wall Street Zen upgraded Vivid Seats from a “sell” rating to a “hold” rating in a research note on Saturday, August 15th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $9.00 price target (up from $8.00) on shares of Vivid Seats in a report on Wednesday, August 5th. Benchmark increased their price objective on Vivid Seats from $10.00 to $16.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Vivid Seats in a research report on Friday, September 4th.

Vivid Seats Stock Up 3.8%

NASDAQ:SEAT opened at $2.98 on Friday. The company’s 50 day moving average price is $5.10 and its 200-day moving average price is $6.70. Vivid Seats has a 52 week low of $2.75 and a 52 week high of $13.98. The stock has a market cap of $33.50 million, a price-to-earnings ratio of -0.07 and a beta of 1.14.

Vivid Seats (NASDAQ:SEAT) last announced its quarterly earnings results on Tuesday, August 4th. The company reported ($1.30) earnings per share 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 firm had revenue of $129.86 million for the quarter, compared to the consensus estimate of $122.11 million. As a group, sell-side analysts anticipate that Vivid Seats will post -4.42 earnings per share for the current year.

Hedge Funds Weigh In On Vivid Seats

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Great Lakes Advisors LLC purchased a new stake in shares of Vivid Seats during the 2nd quarter valued at about $68,000. Whetstone Capital Advisors LLC purchased a new position in shares of Vivid Seats during the fourth quarter valued at approximately $595,000. Bank of America Corp DE raised its holdings in shares of Vivid Seats by 40.2% during the first quarter. Bank of America Corp DE now owns 94,489 shares of the company’s stock valued at $558,000 after purchasing an additional 27,088 shares during the last quarter. Finally, Quantinno Capital Management LP raised its holdings in shares of Vivid Seats by 96.8% during the first quarter. Quantinno Capital Management LP now owns 128,401 shares of the company’s stock valued at $759,000 after purchasing an additional 63,161 shares during the last quarter. Institutional investors own 39.92% of the company’s stock.

About Vivid Seats

Vivid Seats Inc operates an online ticket marketplace that connects fans with tickets offered by professional ticket sellers. Through its platform and mobile applications, customers can discover and purchase tickets for sporting events, concerts, theater productions and other live entertainment.

The company provides technology and services that support the ticket transaction process, including event search and discovery, digital ticket delivery, customer support and tools for ticket sellers.