Deutsche Bank Aktiengesellschaft Has Lowered Expectations for Vivid Seats (NASDAQ:SEAT) Stock Price

Vivid Seats (NASDAQ:SEAT) had its price target dropped by equities research analysts at Deutsche Bank Aktiengesellschaft from $4.50 to $4.00 in a research note issued on Monday, Benzinga reports. The brokerage presently has a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft’s target price suggests a potential downside of 0.25% from the company’s current price.

A number of other equities analysts also recently weighed in on SEAT. Benchmark dropped their target price on shares of Vivid Seats from $15.00 to $10.00 and set a “buy” rating for the company in a research note on Tuesday, September 10th. Piper Sandler dropped their price objective on shares of Vivid Seats from $7.00 to $5.00 and set a “neutral” rating for the company in a research report on Wednesday, August 7th. DA Davidson decreased their price objective on Vivid Seats from $6.50 to $6.00 and set a “buy” rating on the stock in a research report on Thursday, September 12th. Maxim Group lowered their target price on Vivid Seats from $9.00 to $8.00 and set a “buy” rating for the company in a research note on Monday. Finally, Citigroup cut their price target on Vivid Seats from $10.00 to $9.00 and set a “buy” rating on the stock in a research note on Friday, September 20th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, Vivid Seats presently has an average rating of “Moderate Buy” and an average price target of $7.11.

Vivid Seats Trading Up 0.5 %

Vivid Seats stock opened at $4.01 on Monday. The business’s fifty day moving average is $4.01 and its two-hundred day moving average is $4.71. The company has a debt-to-equity ratio of 2.48, a current ratio of 0.79 and a quick ratio of 0.73. Vivid Seats has a 52 week low of $3.36 and a 52 week high of $8.80.

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

Institutional Investors Weigh In On Vivid Seats

A number of institutional investors have recently made changes to their positions in the stock. Harbor Capital Advisors Inc. lifted its stake in Vivid Seats by 180.0% in the third quarter. Harbor Capital Advisors Inc. now owns 2,613,619 shares of the company’s stock valued at $9,670,000 after buying an additional 1,680,327 shares during the period. Invenomic Capital Management LP raised its position in shares of Vivid Seats by 289.4% in the 1st quarter. Invenomic Capital Management LP now owns 1,539,194 shares of the company’s stock valued at $9,220,000 after acquiring an additional 1,143,870 shares during the period. Anson Funds Management LP raised its position in shares of Vivid Seats by 66.5% in the 1st 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 during the period. First Sabrepoint Capital Management LP bought a new position in Vivid Seats during the 1st quarter worth approximately $5,690,000. Finally, Vanguard Group Inc. grew 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 purchasing an additional 410,243 shares during the period. 39.92% of the stock is owned by institutional investors and hedge funds.

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.