Analysts Set Vivid Seats Inc. (NASDAQ:SEAT) Price Target at $10.27

Vivid Seats Inc. (NASDAQ:SEAT) has earned an average recommendation of “Hold” from the ten ratings firms that are covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $10.2667.

Several research analysts have recently weighed in on SEAT shares. Benchmark boosted their price objective on shares of Vivid Seats from $10.00 to $16.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $9.00 price objective (up from $8.00) on shares of Vivid Seats in a report on Wednesday, August 5th. Weiss Ratings reaffirmed 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 report on Saturday, August 15th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $7.50 target price (up from $7.00) on shares of Vivid Seats in a research report on Tuesday, August 25th.

Vivid Seats Price Performance

Shares of Vivid Seats stock opened at $3.95 on Wednesday. The business has a 50 day moving average of $6.68 and a 200 day moving average of $7.04. Vivid Seats has a 52 week low of $3.85 and a 52 week high of $17.30. The company has a market cap of $44.40 million, a PE ratio of -0.09 and a beta of 1.05.

Vivid Seats (NASDAQ:SEAT) last announced its earnings results on Tuesday, August 4th. The company reported ($1.30) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.02) by ($0.28). The business had revenue of $129.86 million for the quarter, compared to the consensus estimate of $122.11 million. Vivid Seats had a negative net margin of 60.26% and a negative return on equity of 211.26%. On average, research analysts anticipate that Vivid Seats will post -4.42 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Great Lakes Advisors LLC bought a new stake in shares of Vivid Seats during the 2nd quarter valued at $68,000. Bank of America Corp DE boosted its stake in shares of Vivid Seats by 40.2% in the first quarter. Bank of America Corp DE now owns 94,489 shares of the company’s stock worth $558,000 after acquiring an additional 27,088 shares during the period. Quantinno Capital Management LP grew its position 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 worth $759,000 after purchasing an additional 63,161 shares in the last quarter. Finally, Whetstone Capital Advisors LLC purchased a new stake in shares of Vivid Seats during the fourth quarter worth about $595,000. 39.92% of the stock is owned by hedge funds and other institutional investors.

Vivid Seats Company Profile

Vivid Seats Inc (NASDAQ: SEAT) operates an online ticket marketplace that connects buyers with sellers of tickets to live events. The company’s platform offers access to sporting events, concerts, theater productions, comedy shows and other entertainment experiences through its website and mobile applications.

In addition to its consumer marketplace, Vivid Seats provides distribution and marketing tools that help ticket sellers reach potential buyers. The company also operates Vivid Picks, a sports-focused gaming product, and offers ticketing and fan-engagement services through partnerships and affiliated channels.