Vivid Seats Inc. (NASDAQ:SEAT) Receives Consensus Rating of “Hold” from Analysts

Vivid Seats Inc. (NASDAQ:SEAT) has been assigned an average recommendation of “Hold” from the eleven analysts that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $5.49.

SEAT has been the subject of several research reports. Bank of America reissued an “underperform” rating and set a $2.60 price objective (down previously from $6.25) on shares of Vivid Seats in a research report on Thursday. Morgan Stanley lowered their price objective on shares of Vivid Seats from $4.60 to $3.75 and set an “equal weight” rating for the company in a research report on Thursday. Canaccord Genuity Group decreased their target price on shares of Vivid Seats from $6.00 to $5.00 and set a “buy” rating for the company in a research report on Thursday. Benchmark decreased their target price on shares of Vivid Seats from $8.00 to $6.00 and set a “buy” rating for the company in a research report on Thursday. Finally, Royal Bank of Canada decreased their target price on shares of Vivid Seats from $6.00 to $4.00 and set a “sector perform” rating for the company in a research report on Thursday.

Vivid Seats Trading Up 1.8 %

Shares of SEAT stock opened at $2.86 on Friday. The firm has a fifty day moving average of $4.29 and a 200-day moving average of $4.02. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.79 and a quick ratio of 0.74. Vivid Seats has a 12-month low of $2.51 and a 12-month high of $6.09.

Institutional Trading of Vivid Seats

A number of large investors have recently added to or reduced their stakes in the company. FMR LLC lifted its stake in Vivid Seats by 3.4% in the third quarter. FMR LLC now owns 5,970,058 shares of the company’s stock valued at $22,089,000 after acquiring an additional 195,625 shares during the last quarter. Emeth Value Capital LLC acquired a new stake in Vivid Seats in the fourth quarter valued at $23,250,000. Vanguard Group Inc. lifted its stake in Vivid Seats by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 4,897,627 shares of the company’s stock valued at $22,676,000 after acquiring an additional 22,285 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in Vivid Seats by 2.9% in the third quarter. Massachusetts Financial Services Co. MA now owns 4,496,163 shares of the company’s stock valued at $16,636,000 after acquiring an additional 125,035 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in Vivid Seats by 1.7% in the fourth quarter. Geode Capital Management LLC now owns 2,008,228 shares of the company’s stock valued at $9,301,000 after acquiring an additional 33,181 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 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.