Vivid Seats (NASDAQ:SEAT - Get Free Report) had its price target lowered by analysts at Morgan Stanley from $4.60 to $3.75 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has an "equal weight" rating on the stock. Morgan Stanley's target price would indicate a potential upside of 31.35% from the stock's current price.
Several other analysts have also recently issued reports on SEAT. Bank of America reissued an "underperform" rating and set a $2.60 price objective (down from $6.25) on shares of Vivid Seats in a research note on Thursday. Canaccord Genuity Group decreased their price target on Vivid Seats from $6.00 to $5.00 and set a "buy" rating for the company in a research note on Thursday. Finally, Benchmark decreased their target price on Vivid Seats from $8.00 to $6.00 and set a "buy" rating for the company in a research report on Thursday. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $5.67.
Read Our Latest Analysis on Vivid Seats
Vivid Seats Stock Down 1.6 %
NASDAQ:SEAT traded down $0.05 during mid-day trading on Thursday, reaching $2.86. The company's stock had a trading volume of 2,611,630 shares, compared to its average volume of 1,308,092. The company has a quick ratio of 0.74, a current ratio of 0.79 and a debt-to-equity ratio of 1.17. The company's fifty day simple moving average is $4.36 and its two-hundred day simple moving average is $4.04. Vivid Seats has a twelve month low of $2.52 and a twelve month high of $6.09.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of the stock. Victory Capital Management Inc. raised its holdings in shares of Vivid Seats by 120.8% during the third quarter. Victory Capital Management Inc. now owns 95,242 shares of the company's stock valued at $352,000 after acquiring an additional 52,111 shares during the period. Oppenheimer & Co. Inc. purchased a new position in shares of Vivid Seats during the third quarter valued at $37,000. Intech Investment Management LLC purchased a new stake in Vivid Seats in the 3rd quarter worth about $87,000. Massachusetts Financial Services Co. MA boosted its position in Vivid Seats by 2.9% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 4,496,163 shares of the company's stock worth $16,636,000 after acquiring an additional 125,035 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in Vivid Seats by 35.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 735,894 shares of the company's stock worth $2,723,000 after acquiring an additional 194,561 shares during the period. Institutional investors own 39.92% of the company's stock.
Vivid Seats Company Profile
(
Get Free Report)
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.
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