Vivid Seats (NASDAQ:SEAT – Get Free Report) had its target price cut by research analysts at Morgan Stanley from $4.60 to $3.75 in a research note issued on Thursday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Morgan Stanley’s price objective would indicate a potential upside of 31.12% from the company’s previous close.
Several other research firms also recently commented on SEAT. Canaccord Genuity Group decreased their price objective on Vivid Seats from $6.00 to $5.00 and set a “buy” rating on the stock in a research note on Thursday. Bank of America reaffirmed an “underperform” rating and issued a $2.60 price objective (down previously from $6.25) on shares of Vivid Seats in a research note on Thursday. Finally, Benchmark decreased their price objective on Vivid Seats from $8.00 to $6.00 and set a “buy” rating on the stock in a research note on Thursday. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $5.49.
Check Out Our Latest Stock Report on Vivid Seats
Vivid Seats Trading Up 1.8 %
Hedge Funds Weigh In On Vivid Seats
Institutional investors have recently added to or reduced their stakes in the company. Oppenheimer & Co. Inc. purchased a new position in Vivid Seats during the 3rd quarter valued at approximately $37,000. Stratos Wealth Partners LTD. purchased a new position in Vivid Seats during the 4th quarter valued at approximately $46,000. Quinn Opportunity Partners LLC purchased a new position in Vivid Seats during the 4th quarter valued at approximately $46,000. BNP Paribas Financial Markets purchased a new position in Vivid Seats during the 4th quarter valued at approximately $53,000. Finally, Stoneridge Investment Partners LLC purchased a new position in shares of Vivid Seats in the 4th quarter worth approximately $53,000. Hedge funds and other institutional investors own 39.92% of the company’s stock.
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.
Further Reading
- Five stocks we like better than Vivid Seats
- How to Use High Beta Stocks to Maximize Your Investing Profits
- Rubrik Stock’s V-Bottom Reversal Signals a Major Rally Ahead
- What Are Dividend Contenders? Investing in Dividend Contenders
- How Super Micro Computer Stock Is Defying the Market Sell-Off
- How to Capture the Benefits of Dividend Increases
- AppLovin vs. HPE: Which Tech Stock Can Bounce Back Faster?
Receive News & Ratings for Vivid Seats Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vivid Seats and related companies with MarketBeat.com's FREE daily email newsletter.