Benchmark Issues Pessimistic Forecast for Vivid Seats (NASDAQ:SEAT) Stock Price

Vivid Seats (NASDAQ:SEAT) had its price objective dropped by research analysts at Benchmark from $8.00 to $6.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has a “buy” rating on the stock. Benchmark’s price target would suggest a potential upside of 109.79% from the company’s previous close.

Separately, Bank of America reissued an “underperform” rating and set a $2.60 target price (down previously from $6.25) on shares of Vivid Seats in a research report on Thursday. One analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $5.49.

Vivid Seats Trading Up 1.8 %

Shares of NASDAQ:SEAT opened at $2.86 on Thursday. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.79 and a quick ratio of 0.74. Vivid Seats has a 12-month low of $2.51 and a 12-month high of $6.09. The firm has a fifty day moving average of $4.29 and a two-hundred day moving average of $4.02.

Institutional Trading of Vivid Seats

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. SG Americas Securities LLC increased its stake in Vivid Seats by 8.5% in the fourth quarter. SG Americas Securities LLC now owns 37,065 shares of the company’s stock valued at $172,000 after acquiring an additional 2,909 shares during the period. Plan Group Financial LLC lifted its position in shares of Vivid Seats by 9.4% during the fourth quarter. Plan Group Financial LLC now owns 35,330 shares of the company’s stock worth $164,000 after purchasing an additional 3,048 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Vivid Seats by 17.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 29,251 shares of the company’s stock worth $136,000 after purchasing an additional 4,288 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Vivid Seats by 0.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 741,722 shares of the company’s stock valued at $3,434,000 after buying an additional 5,828 shares during the period. Finally, American Century Companies Inc. lifted its holdings in Vivid Seats by 9.6% in the fourth quarter. American Century Companies Inc. now owns 96,396 shares of the company’s stock valued at $446,000 after buying an additional 8,450 shares during the period. 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.