Vivid Seats Inc. (NASDAQ:SEAT) Receives Consensus Rating of “Hold” from Brokerages

Vivid Seats Inc. (NASDAQ:SEAT) has received an average recommendation of “Hold” from the twelve research firms that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, five have given a hold recommendation and six have issued a buy recommendation on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $5.49.

A number of equities research analysts have issued reports on the stock. Raymond James lowered shares of Vivid Seats from a “moderate buy” rating to a “hold” rating in a research note on Thursday, March 13th. Royal Bank of Canada decreased their target price on shares of Vivid Seats from $6.00 to $4.00 and set a “sector perform” rating for the company in a research note on Thursday, March 13th. Benchmark decreased their target price on shares of Vivid Seats from $8.00 to $6.00 and set a “buy” rating for the company in a research note on Thursday, March 13th. 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 note on Thursday, March 13th. Finally, Canaccord Genuity Group decreased their target price on shares of Vivid Seats from $6.00 to $5.00 and set a “buy” rating for the company in a research note on Thursday, March 13th.

Vivid Seats Price Performance

NASDAQ SEAT opened at $2.88 on Friday. Vivid Seats has a twelve month low of $2.51 and a twelve month high of $6.09. The company has a current ratio of 0.79, a quick ratio of 0.74 and a debt-to-equity ratio of 1.17. The firm’s 50 day moving average price is $4.18 and its two-hundred day moving average price is $3.97.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. FMR LLC raised its holdings in Vivid Seats by 3.4% in the 3rd quarter. FMR LLC now owns 5,970,058 shares of the company’s stock worth $22,089,000 after acquiring an additional 195,625 shares during the period. Emeth Value Capital LLC bought a new position in Vivid Seats in the 4th quarter worth $23,250,000. Vanguard Group Inc. raised its holdings in Vivid Seats by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 4,897,627 shares of the company’s stock worth $22,676,000 after acquiring an additional 22,285 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in Vivid Seats by 2.9% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 4,496,163 shares of the company’s stock worth $16,636,000 after acquiring an additional 125,035 shares during the period. Finally, Geode Capital Management LLC raised its holdings in Vivid Seats by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 2,008,228 shares of the company’s stock worth $9,301,000 after acquiring an additional 33,181 shares during the period. Institutional investors own 39.92% of the company’s stock.

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.