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

Vivid Seats Inc. (NASDAQ:SEAT) has been given an average recommendation of “Reduce” by the ten analysts that are currently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $7.79.

Several equities research analysts recently issued reports on the stock. Weiss Ratings restated a “sell (e+)” rating on shares of Vivid Seats in a research report on Friday, September 4th. Wall Street Zen raised shares of Vivid Seats from a “sell” rating to a “hold” rating in a research note on Saturday, August 15th. Craig Hallum cut shares of Vivid Seats from a “buy” rating to a “hold” rating and set a $2.00 price target for the company. in a research note on Monday. Deutsche Bank restated a “hold” rating and set a $7.50 price target (up from $7.00) on shares of Vivid Seats in a report on Tuesday, August 25th. Finally, Morgan Stanley set a $5.00 price target on shares of Vivid Seats in a research report on Thursday, October 29th.

Vivid Seats Price Performance

NASDAQ SEAT opened at $1.42 on Thursday. The stock’s 50 day simple moving average is $3.41 and its 200-day simple moving average is $6.22. The company has a market cap of $15.96 million, a PE ratio of -0.03 and a beta of 1.08. Vivid Seats has a 1-year low of $1.34 and a 1-year high of $10.27.

Vivid Seats (NASDAQ:SEAT) last issued its quarterly earnings results on Monday, November 9th. The company reported ($1.54) EPS for the quarter, missing the consensus estimate of ($1.08) by ($0.46). The firm had revenue of $126.89 million for the quarter, compared to analysts’ expectations of $126.11 million. Vivid Seats had a negative return on equity of 211.26% and a negative net margin of 63.12%. On average, equities research analysts anticipate that Vivid Seats will post -4.42 EPS for the current fiscal year.

Institutional Investors Weigh In On Vivid Seats

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SEAT. Great Lakes Advisors LLC purchased a new stake in Vivid Seats in the second quarter valued at $68,000. Bank of America Corp DE grew its holdings in shares of Vivid Seats by 40.2% during the 1st quarter. Bank of America Corp DE now owns 94,489 shares of the company’s stock worth $558,000 after purchasing an additional 27,088 shares during the period. Finally, Quantinno Capital Management LP increased its position in shares of Vivid Seats by 96.8% during the 1st quarter. Quantinno Capital Management LP now owns 128,401 shares of the company’s stock worth $759,000 after purchasing an additional 63,161 shares during the last quarter. Institutional investors and hedge funds own 39.92% of the company’s stock.

Vivid Seats Company Profile

Vivid Seats Inc. (NASDAQ: SEAT) operates an online marketplace that connects fans with ticket sellers for live entertainment and sporting events. Through its website and mobile applications, the company offers tickets to concerts, professional and college sports, theater productions, comedy shows and other events. The platform is designed to support the full ticket-buying process, including event discovery, ticket selection and digital delivery. Vivid Seats also provides tools and services for ticket sellers and event organizers, while its Vivid Seats Rewards program is intended to encourage repeat purchases through customer benefits.