Vivid Seats Inc. (NASDAQ:SEAT) Receives $20.22 Consensus Target Price from Brokerages

Shares of Vivid Seats Inc. (NASDAQ:SEAT) have been assigned a consensus recommendation of “Hold” from the eleven analysts that are currently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $20.2222.

SEAT has been the subject of a number of recent research reports. Morgan Stanley set a $9.00 price objective on shares of Vivid Seats in a research note on Thursday, December 18th. Canaccord Genuity Group lowered their price target on shares of Vivid Seats from $23.00 to $12.00 and set a “hold” rating for the company in a report on Friday, November 7th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Vivid Seats in a research report on Wednesday, January 21st. Citigroup reduced their price objective on Vivid Seats from $13.00 to $10.00 and set a “neutral” rating on the stock in a research note on Monday, November 17th. Finally, Benchmark reissued a “buy” rating and set a $18.00 price objective (down from $26.00) on shares of Vivid Seats in a research note on Friday, November 7th.

Vivid Seats Price Performance

Shares of SEAT stock traded up $0.69 on Friday, reaching $7.19. The company’s stock had a trading volume of 105,385 shares, compared to its average volume of 102,480. The stock’s fifty day simple moving average is $6.76 and its 200-day simple moving average is $10.21. Vivid Seats has a 1 year low of $5.50 and a 1 year high of $81.90. The company has a market capitalization of $77.15 million, a price-to-earnings ratio of 2.67 and a beta of 0.95. The company has a current ratio of 0.67, a quick ratio of 0.60 and a debt-to-equity ratio of 1.41.

Hedge Funds 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 Vivid Seats in the second quarter worth $25,000. Jump Financial LLC bought a new position in Vivid Seats during the second quarter valued at $32,000. Raymond James Financial Inc. purchased a new stake in shares of Vivid Seats in the second quarter valued at $35,000. Rangeley Capital LLC bought a new stake in shares of Vivid Seats in the 2nd quarter worth about $42,000. Finally, Quantbot Technologies LP bought a new stake in shares of Vivid Seats in the 2nd quarter worth about $43,000. 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.