Vivid Seats (NASDAQ:SEAT – Get Free Report) is projected to post its quarterly earnings results before the market opens on Thursday, March 6th. Analysts expect Vivid Seats to post earnings of $0.06 per share and revenue of $194.19 million for the quarter.
Vivid Seats Stock Performance
Shares of NASDAQ SEAT opened at $4.15 on Thursday. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.74 and a current ratio of 0.79. Vivid Seats has a 1 year low of $3.24 and a 1 year high of $6.34. The firm’s 50 day moving average price is $4.34 and its 200 day moving average price is $4.06.
Analysts Set New Price Targets
A number of brokerages have recently commented on SEAT. Royal Bank of Canada lowered their price objective on Vivid Seats from $7.00 to $6.00 and set a “sector perform” rating for the company in a research report on Monday, November 11th. Deutsche Bank Aktiengesellschaft lowered their price target on Vivid Seats from $4.50 to $4.00 and set a “hold” rating for the company in a report on Monday, November 4th. Benchmark dropped their price objective on shares of Vivid Seats from $10.00 to $8.00 and set a “buy” rating for the company in a research note on Friday, November 8th. Bank of America reissued a “buy” rating and issued a $6.25 target price on shares of Vivid Seats in a research report on Tuesday, December 31st. Finally, Maxim Group dropped their price target on shares of Vivid Seats from $9.00 to $8.00 and set a “buy” rating for the company in a research report on Monday, November 4th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $6.63.
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.
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