Vivid Seats Inc. (NASDAQ:SEAT) Receives $6.63 Consensus Target Price from Analysts

Vivid Seats Inc. (NASDAQ:SEAT) has been given a consensus rating of “Moderate Buy” by the ten research firms that are presently covering the company, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $6.63.

SEAT has been the topic of several recent analyst reports. Piper Sandler reissued a “neutral” rating and issued a $4.00 target price (down previously from $5.00) on shares of Vivid Seats in a research note on Friday, November 8th. Benchmark reduced their price target on shares of Vivid Seats from $10.00 to $8.00 and set a “buy” rating on the stock in a research note on Friday, November 8th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Vivid Seats from $4.50 to $4.00 and set a “hold” rating on the stock in a research note on Monday, November 4th. Bank of America reaffirmed a “buy” rating and issued a $6.25 price target on shares of Vivid Seats in a research note on Tuesday, December 31st. Finally, Royal Bank of Canada reduced their price target on shares of Vivid Seats from $7.00 to $6.00 and set a “sector perform” rating on the stock in a research note on Monday, November 11th.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in SEAT. Emeth Value Capital LLC purchased a new position in Vivid Seats during the 4th quarter valued at about $23,250,000. Harbor Capital Advisors Inc. boosted its holdings in shares of Vivid Seats by 180.0% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 2,613,619 shares of the company’s stock valued at $9,670,000 after buying an additional 1,680,327 shares in the last quarter. Huber Capital Management LLC bought a new stake in shares of Vivid Seats in the 4th quarter valued at about $3,627,000. Visualize Group LP bought a new stake in shares of Vivid Seats in the 4th quarter valued at about $3,327,000. Finally, Geode Capital Management LLC boosted its holdings in shares of Vivid Seats by 18.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,975,047 shares of the company’s stock valued at $7,309,000 after buying an additional 314,482 shares in the last quarter. Hedge funds and other institutional investors own 39.92% of the company’s stock.

Vivid Seats Trading Up 0.2 %

Shares of SEAT opened at $4.33 on Tuesday. Vivid Seats has a twelve month low of $3.24 and a twelve month high of $6.34. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.79 and a quick ratio of 0.74. The company’s fifty day simple moving average is $4.31 and its 200-day simple moving average is $4.05.

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.