Deutsche Bank Aktiengesellschaft Issues Pessimistic Forecast for Vivid Seats (NASDAQ:SEAT) Stock Price

Vivid Seats (NASDAQ:SEAT - Free Report) had its target price cut by Deutsche Bank Aktiengesellschaft from $4.50 to $4.00 in a research note issued to investors on Monday morning, Benzinga reports. They currently have a hold rating on the stock.

Several other equities research analysts have also recently commented on SEAT. Piper Sandler dropped their price objective on Vivid Seats from $7.00 to $5.00 and set a "neutral" rating on the stock in a research report on Wednesday, August 7th. Citigroup dropped their price target on shares of Vivid Seats from $10.00 to $9.00 and set a "buy" rating on the stock in a report on Friday, September 20th. Canaccord Genuity Group reduced their price target on shares of Vivid Seats from $8.00 to $7.00 and set a "buy" rating for the company in a research note on Thursday, September 12th. Royal Bank of Canada lowered their price objective on shares of Vivid Seats from $8.00 to $7.00 and set a "sector perform" rating on the stock in a research report on Wednesday, August 7th. Finally, Craig Hallum cut their target price on shares of Vivid Seats from $10.00 to $8.00 and set a "buy" rating for the company in a research report on Tuesday, September 10th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $7.11.

Vivid Seats Stock Down 3.4 %

Shares of NASDAQ SEAT traded down $0.14 during trading on Monday, reaching $3.99. The company had a trading volume of 1,005,783 shares, compared to its average volume of 1,390,835. The stock has a market cap of $830.25 million, a PE ratio of 7.40, a P/E/G ratio of 16.55 and a beta of 1.18. The business's 50-day moving average is $4.04 and its 200 day moving average is $4.74. Vivid Seats has a 12-month low of $3.36 and a 12-month high of $8.80. The company has a quick ratio of 0.73, a current ratio of 0.79 and a debt-to-equity ratio of 2.48.

Vivid Seats (NASDAQ:SEAT - Get Free Report) last posted its quarterly earnings results on Tuesday, August 6th. The company reported ($0.01) EPS for the quarter, missing analysts' consensus estimates of $0.07 by ($0.08). Vivid Seats had a net margin of 4.73% and a return on equity of 57.44%. The firm had revenue of $198.32 million for the quarter, compared to analysts' expectations of $194.68 million. During the same quarter in the previous year, the company earned $0.20 EPS. As a group, equities analysts forecast that Vivid Seats will post 0.14 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of SEAT. Ameritas Investment Partners Inc. boosted its holdings in Vivid Seats by 301.6% in the 1st quarter. Ameritas Investment Partners Inc. now owns 7,449 shares of the company's stock worth $45,000 after buying an additional 5,594 shares during the period. Principal Financial Group Inc. purchased a new stake in shares of Vivid Seats during the second quarter worth about $61,000. Marshall Wace LLP bought a new stake in Vivid Seats during the 2nd quarter valued at approximately $67,000. Ashton Thomas Securities LLC raised its stake in Vivid Seats by 83.6% during the 3rd quarter. Ashton Thomas Securities LLC now owns 25,595 shares of the company's stock valued at $95,000 after purchasing an additional 11,655 shares during the period. Finally, Entropy Technologies LP purchased a new position in Vivid Seats in the 1st quarter worth approximately $101,000. Hedge funds and other institutional investors own 39.92% of the company's stock.

About Vivid Seats

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.