Vivid Seats Inc. (NASDAQ:SEAT) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Vivid Seats Inc. (NASDAQ:SEAT) have been assigned an average rating of “Moderate Buy” from the nine analysts that are presently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $7.28.

A number of analysts recently commented on the company. Craig Hallum dropped their price target on Vivid Seats from $10.00 to $8.00 and set a “buy” rating for the company in a research note on Tuesday, September 10th. Citigroup dropped their target price on shares of Vivid Seats from $10.00 to $9.00 and set a “buy” rating for the company in a research report on Friday, September 20th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Vivid Seats from $5.50 to $4.50 and set a “hold” rating on the stock in a research report on Monday, August 12th. Piper Sandler lowered their price objective on shares of Vivid Seats from $7.00 to $5.00 and set a “neutral” rating for the company in a report on Wednesday, August 7th. Finally, DA Davidson reduced their target price on Vivid Seats from $6.50 to $6.00 and set a “buy” rating on the stock in a report on Thursday, September 12th.

Hedge Funds Weigh In On Vivid Seats

Several institutional investors have recently made changes to their positions in SEAT. Massachusetts Financial Services Co. MA increased its holdings in Vivid Seats by 1.8% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 4,371,128 shares of the company’s stock worth $25,134,000 after acquiring an additional 77,983 shares in the last quarter. Vanguard Group Inc. raised its holdings in Vivid Seats by 10.4% during the first quarter. Vanguard Group Inc. now owns 4,336,578 shares of the company’s stock valued at $25,976,000 after acquiring an additional 410,243 shares during the period. Janus Henderson Group PLC raised its holdings in Vivid Seats by 10.1% during the first quarter. Janus Henderson Group PLC now owns 2,979,885 shares of the company’s stock valued at $17,849,000 after acquiring an additional 273,734 shares during the period. Anson Funds Management LP lifted its position in shares of Vivid Seats by 66.5% in the first quarter. Anson Funds Management LP now owns 2,695,424 shares of the company’s stock valued at $16,146,000 after acquiring an additional 1,076,271 shares in the last quarter. Finally, Clearbridge Investments LLC boosted its stake in shares of Vivid Seats by 17.6% in the first quarter. Clearbridge Investments LLC now owns 2,012,878 shares of the company’s stock worth $12,057,000 after acquiring an additional 301,623 shares during the period. Institutional investors own 39.92% of the company’s stock.

Vivid Seats Trading Up 2.3 %

Vivid Seats stock opened at $3.97 on Wednesday. The company has a debt-to-equity ratio of 2.48, a quick ratio of 0.73 and a current ratio of 0.79. Vivid Seats has a fifty-two week low of $3.36 and a fifty-two week high of $8.80. The stock has a market cap of $824.38 million, a P/E ratio of 7.09, a PEG ratio of 14.98 and a beta of 1.21. The firm’s fifty day moving average price is $4.07 and its 200-day moving average price is $4.91.

Vivid Seats (NASDAQ:SEAT) last released its earnings results on Tuesday, August 6th. The company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.08). The firm had revenue of $198.32 million during the quarter, compared to the consensus estimate of $194.68 million. Vivid Seats had a net margin of 4.73% and a return on equity of 57.44%. During the same period in the prior year, the company earned $0.20 EPS. Equities research analysts forecast that Vivid Seats will post 0.14 earnings per share for the current fiscal 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.