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

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

A number of equities research analysts have commented on SEAT shares. Benchmark decreased their price target on Vivid Seats from $10.00 to $8.00 and set a “buy” rating on the stock in a report on Friday, November 8th. Piper Sandler reaffirmed a “neutral” rating and set a $4.00 price objective (down from $5.00) on shares of Vivid Seats in a report on Friday, November 8th. Royal Bank of Canada lowered their target price on shares of Vivid Seats from $7.00 to $6.00 and set a “sector perform” rating on the stock in a report on Monday, November 11th. Maxim Group cut their target price on shares of Vivid Seats from $9.00 to $8.00 and set a “buy” rating for the company in a research note on Monday, November 4th. Finally, Bank of America reiterated a “buy” rating and issued a $6.25 price target on shares of Vivid Seats in a research note on Tuesday, December 31st.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Oppenheimer & Co. Inc. purchased a new position in Vivid Seats in the third quarter worth approximately $37,000. Stratos Wealth Partners LTD. purchased a new position in shares of Vivid Seats during the 4th quarter worth $46,000. Quinn Opportunity Partners LLC acquired a new stake in shares of Vivid Seats during the 4th quarter worth about $46,000. Stoneridge Investment Partners LLC purchased a new stake in Vivid Seats in the 4th quarter valued at about $53,000. Finally, BNP Paribas Financial Markets purchased a new position in Vivid Seats during the fourth quarter worth about $53,000. 39.92% of the stock is owned by institutional investors and hedge funds.

Vivid Seats Price Performance

SEAT stock opened at $4.35 on Tuesday. The stock’s 50 day simple moving average is $4.25 and its 200 day simple moving average is $4.05. The company has a quick ratio of 0.74, a current ratio of 0.79 and a debt-to-equity ratio of 1.17. Vivid Seats has a 12-month low of $3.24 and a 12-month high of $6.41.

About Vivid Seats

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.