Vivid Seats Inc. (NASDAQ:SEAT) Receives $45.10 Average PT from Analysts

Vivid Seats Inc. (NASDAQ:SEAT) has earned a consensus rating of “Hold” from the thirteen analysts that are covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $45.10.

SEAT has been the topic of several recent research reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Vivid Seats in a research note on Wednesday, October 8th. Canaccord Genuity Group reaffirmed a “hold” rating and set a $23.00 target price (down from $80.00) on shares of Vivid Seats in a report on Wednesday, August 6th. Craig Hallum set a $2.00 price target on shares of Vivid Seats in a research note on Tuesday, August 5th. Citigroup downgraded shares of Vivid Seats from a “buy” rating to a “neutral” rating and cut their price objective for the company from $32.00 to $13.00 in a research report on Thursday, October 23rd. Finally, Benchmark upped their price objective on Vivid Seats to $26.00 and gave the stock a “buy” rating in a research note on Wednesday, August 6th.

Vivid Seats Stock Up 2.1%

Vivid Seats stock opened at $12.41 on Friday. Vivid Seats has a one year low of $10.55 and a one year high of $100.00. The stock has a fifty day moving average of $14.88 and a 200 day moving average of $28.21. The company has a debt-to-equity ratio of 1.77, a quick ratio of 0.63 and a current ratio of 0.72. The stock has a market cap of $127.87 million, a PE ratio of 2.30, a price-to-earnings-growth ratio of 2.16 and a beta of 0.89.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. MetLife Investment Management LLC grew its stake in shares of Vivid Seats by 21.0% during the 1st quarter. MetLife Investment Management LLC now owns 45,279 shares of the company’s stock valued at $134,000 after acquiring an additional 7,866 shares during the period. First Trust Advisors LP lifted its holdings in Vivid Seats by 2.7% during the second quarter. First Trust Advisors LP now owns 297,688 shares of the company’s stock valued at $503,000 after purchasing an additional 7,940 shares in the last quarter. Equitable Trust Co. boosted its position in shares of Vivid Seats by 6.9% in the second quarter. Equitable Trust Co. now owns 167,060 shares of the company’s stock worth $282,000 after purchasing an additional 10,800 shares during the period. Capstone Financial Advisors Inc. bought a new position in shares of Vivid Seats in the second quarter worth approximately $25,000. Finally, Jump Financial LLC purchased a new stake in shares of Vivid Seats in the second quarter worth $32,000. 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.