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

Shares of Vivid Seats Inc. (NASDAQ:SEAT) have been given a consensus recommendation of “Moderate Buy” by the nine research firms that are covering the company, MarketBeat reports. Three analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $6.78.

A number of research analysts recently issued reports on the stock. Benchmark decreased their price objective on shares of Vivid Seats from $10.00 to $8.00 and set a “buy” rating for the company in a report on Friday. Royal Bank of Canada decreased their price target on shares of Vivid Seats from $8.00 to $7.00 and set a “sector perform” rating for the company in a report on Wednesday, August 7th. Canaccord Genuity Group dropped their price objective on Vivid Seats from $8.00 to $7.00 and set a “buy” rating on the stock in a research note on Thursday, September 12th. Craig Hallum decreased their target price 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. Finally, Maxim Group dropped their price target on Vivid Seats from $9.00 to $8.00 and set a “buy” rating on the stock in a research report on Monday, November 4th.

Vivid Seats Price Performance

Vivid Seats stock opened at $3.58 on Friday. The company has a current ratio of 0.79, a quick ratio of 0.73 and a debt-to-equity ratio of 2.48. The firm has a market capitalization of $743.89 million, a P/E ratio of 7.47, a PEG ratio of 17.60 and a beta of 1.18. The business has a 50-day moving average of $3.97 and a 200-day moving average of $4.68. Vivid Seats has a 1 year low of $3.36 and a 1 year high of $8.80.

Institutional Trading of Vivid Seats

Hedge funds and other institutional investors have recently made changes to their positions in the business. Exchange Traded Concepts LLC boosted its position in Vivid Seats by 3.8% during the third quarter. Exchange Traded Concepts LLC now owns 99,568 shares of the company’s stock valued at $368,000 after purchasing an additional 3,676 shares during the last quarter. Ameritas Investment Partners Inc. raised its position in Vivid Seats by 301.6% during the first quarter. Ameritas Investment Partners Inc. now owns 7,449 shares of the company’s stock worth $45,000 after acquiring an additional 5,594 shares in the last quarter. Rhumbline Advisers lifted its stake in Vivid Seats by 9.3% in the second quarter. Rhumbline Advisers now owns 93,197 shares of the company’s stock valued at $536,000 after acquiring an additional 7,961 shares during the last quarter. Oppenheimer & Co. Inc. acquired a new stake in Vivid Seats in the 3rd quarter valued at about $37,000. Finally, American Century Companies Inc. lifted its position 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 valued at $318,000 after buying an additional 10,372 shares during the last quarter. 39.92% of the stock is currently 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.