Vivid Seats (NASDAQ:SEAT) Raised to Buy at Craig Hallum

Vivid Seats (NASDAQ:SEAT) was upgraded by Craig Hallum from a “hold” rating to a “buy” rating in a research note issued on Friday,Finviz reports. The firm presently has a $15.00 price objective on the stock. Craig Hallum’s target price suggests a potential upside of 153.59% from the company’s previous close.

SEAT has been the topic of a number of other research reports. Weiss Ratings restated a “sell (d-)” rating on shares of Vivid Seats in a research note on Wednesday, January 21st. Citigroup cut their target price on Vivid Seats from $13.00 to $10.00 and set a “neutral” rating on the stock in a report on Monday, November 17th. Bank of America reaffirmed an “underperform” rating and set a $5.65 price target on shares of Vivid Seats in a research report on Thursday. Deutsche Bank Aktiengesellschaft set a $7.00 target price on Vivid Seats in a research note on Tuesday, January 20th. Finally, Morgan Stanley set a $9.00 price objective on Vivid Seats in a report on Thursday, December 18th. Three equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Vivid Seats has an average rating of “Hold” and a consensus target price of $14.87.

Vivid Seats Stock Up 4.7%

Shares of Vivid Seats stock opened at $5.92 on Friday. The company has a quick ratio of 0.60, a current ratio of 0.67 and a debt-to-equity ratio of 1.41. Vivid Seats has a 12-month low of $5.06 and a 12-month high of $62.40. The stock has a market capitalization of $63.47 million, a P/E ratio of 2.20 and a beta of 0.95. The stock has a 50 day moving average price of $6.72 and a two-hundred day moving average price of $9.94.

Institutional Investors Weigh In On Vivid Seats

Large investors have recently made changes to their positions in the company. Boston Partners increased its stake in Vivid Seats by 7.2% in the second quarter. Boston Partners now owns 4,784,292 shares of the company’s stock valued at $8,084,000 after acquiring an additional 322,461 shares during the period. Prescott Group Capital Management L.L.C. acquired a new position in Vivid Seats in the 3rd quarter valued at about $1,330,000. Stonehill Capital Management LLC purchased a new stake in shares of Vivid Seats during the fourth quarter worth about $460,000. Caption Management LLC grew its holdings in Vivid Seats by 1,470.9% during the second quarter. Caption Management LLC now owns 250,472 shares of the company’s stock valued at $423,000 after purchasing an additional 234,528 shares during the last quarter. Finally, Marshall Wace LLP bought a new position in shares of Vivid Seats in the fourth quarter worth about $278,000. Institutional investors and hedge funds own 39.92% of the company’s stock.

Vivid Seats Company Profile

Vivid Seats, traded on NASDAQ under the ticker SEAT, operates an online ticket marketplace that connects buyers and sellers of live event tickets. The company specializes in facilitating purchases for sports games, concerts, theater productions and other entertainment experiences. Through its digital platform and mobile application, Vivid Seats offers real-time access to available tickets, transparent pricing and a 100% Buyer Guarantee, which ensures ticket authenticity and timely delivery.

Founded in 2001 and headquartered in Chicago, Illinois, Vivid Seats has grown from a regional reseller into one of North America’s leading ticket marketplaces.