Brokerages Set Vivid Seats Inc. (NASDAQ:SEAT) Target Price at $20.22

Shares of Vivid Seats Inc. (NASDAQ:SEAT) have been assigned an average rating of “Hold” from the eleven brokerages that are currently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $20.2222.

A number of equities analysts have recently weighed in on the company. Royal Bank Of Canada set a $12.00 target price on Vivid Seats and gave the stock a “sector perform” rating in a research note on Friday, November 7th. Citigroup cut their price objective on Vivid Seats from $13.00 to $10.00 and set a “neutral” rating on the stock in a research report on Monday, November 17th. Canaccord Genuity Group reduced their price objective on Vivid Seats from $23.00 to $12.00 and set a “hold” rating for the company in a research note on Friday, November 7th. Morgan Stanley set a $9.00 target price on Vivid Seats in a research note on Thursday, December 18th. Finally, Deutsche Bank Aktiengesellschaft set a $7.00 price target on shares of Vivid Seats in a research report on Tuesday, January 20th.

Vivid Seats Stock Performance

Shares of SEAT stock opened at $6.94 on Tuesday. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.67 and a quick ratio of 0.60. The firm has a 50-day moving average of $6.95 and a 200-day moving average of $12.69. Vivid Seats has a one year low of $6.04 and a one year high of $90.50. The company has a market cap of $74.47 million, a P/E ratio of 2.58 and a beta of 0.93.

Vivid Seats (NASDAQ:SEAT) last released its quarterly earnings results on Thursday, November 6th. The company reported ($1.91) earnings per share for the quarter, missing the consensus estimate of ($1.68) by ($0.23). The firm had revenue of $136.37 million for the quarter, compared to analysts’ expectations of $131.38 million. Vivid Seats had a positive return on equity of 4.50% and a negative net margin of 24.08%. Equities research analysts forecast that Vivid Seats will post 0.12 EPS for the current fiscal year.

Institutional Investors Weigh In On Vivid Seats

Several large investors have recently modified their holdings of the stock. Capstone Financial Advisors Inc. bought a new stake in shares of Vivid Seats during the 2nd quarter valued at $25,000. Jump Financial LLC bought a new position in Vivid Seats in the 2nd quarter worth about $32,000. Raymond James Financial Inc. purchased a new position in Vivid Seats during the 2nd quarter valued at about $35,000. Rangeley Capital LLC bought a new stake in shares of Vivid Seats during the second quarter valued at about $42,000. Finally, Quantbot Technologies LP purchased a new stake in shares of Vivid Seats in the second quarter worth about $43,000. Hedge funds and other institutional investors 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.