Vivid Seats Inc. (NASDAQ:SEAT) Receives Average Rating of “Moderate Buy” from Brokerages

Vivid Seats Inc. (NASDAQ:SEAT) has been given an average recommendation of “Moderate Buy” by the ten research firms that are currently covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $6.63.

SEAT has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Vivid Seats from $4.50 to $4.00 and set a “hold” rating for the company in a report on Monday, November 4th. Royal Bank of Canada dropped their price target on Vivid Seats from $7.00 to $6.00 and set a “sector perform” rating on the stock in a research report on Monday, November 11th. Benchmark decreased their price objective on Vivid Seats from $10.00 to $8.00 and set a “buy” rating for the company in a report on Friday, November 8th. Piper Sandler reissued a “neutral” rating and set a $4.00 price objective (down previously from $5.00) on shares of Vivid Seats in a research report on Friday, November 8th. Finally, Bank of America reaffirmed a “buy” rating and issued a $6.25 target price on shares of Vivid Seats in a research report on Tuesday, December 31st.

Hedge Funds Weigh In On Vivid Seats

A number of hedge funds have recently added to or reduced their stakes in the company. Rhumbline Advisers increased its holdings in Vivid Seats by 9.3% in the 2nd quarter. Rhumbline Advisers now owns 93,197 shares of the company’s stock worth $536,000 after buying an additional 7,961 shares in the last quarter. American Century Companies Inc. grew its stake in shares of Vivid Seats by 23.1% in the second quarter. American Century Companies Inc. now owns 55,243 shares of the company’s stock worth $318,000 after acquiring an additional 10,372 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Vivid Seats by 13.5% in the second quarter. Dimensional Fund Advisors LP now owns 688,680 shares of the company’s stock worth $3,960,000 after acquiring an additional 82,011 shares during the period. Renaissance Technologies LLC lifted its position in Vivid Seats by 183.4% during the second quarter. Renaissance Technologies LLC now owns 324,228 shares of the company’s stock valued at $1,864,000 after purchasing an additional 209,828 shares during the period. Finally, Marshall Wace LLP bought a new position in Vivid Seats during the second quarter valued at approximately $67,000. 39.92% of the stock is currently owned by hedge funds and other institutional investors.

Vivid Seats Stock Up 3.1 %

NASDAQ SEAT opened at $4.72 on Friday. Vivid Seats has a 1 year low of $3.24 and a 1 year high of $6.41. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.79 and a quick ratio of 0.74. The business’s 50-day moving average is $3.91 and its 200 day moving average is $4.16.

Vivid Seats (NASDAQ:SEAT) last posted its earnings results on Thursday, November 7th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.01. The firm had revenue of $186.61 million for the quarter, compared to analysts’ expectations of $186.61 million. Vivid Seats had a return on equity of 21.29% and a net margin of 4.56%. During the same period in the previous year, the firm earned $0.07 earnings per share. As a group, sell-side analysts anticipate that Vivid Seats will post 0.12 EPS 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.