Brokerages Set Vivid Seats Inc. (NASDAQ:SEAT) Price Target at $5.49

Shares of Vivid Seats Inc. (NASDAQ:SEAT - Get Free Report) have been assigned an average recommendation of "Hold" from the twelve ratings firms that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $5.49.

SEAT has been the topic of a number of recent research reports. Benchmark reduced their price objective on Vivid Seats from $8.00 to $6.00 and set a "buy" rating on the stock in a research note on Thursday, March 13th. Morgan Stanley reduced their price target on Vivid Seats from $4.60 to $3.75 and set an "equal weight" rating on the stock in a research report on Thursday, March 13th. Canaccord Genuity Group dropped their price objective on shares of Vivid Seats from $6.00 to $5.00 and set a "buy" rating on the stock in a research note on Thursday, March 13th. Royal Bank of Canada decreased their target price on shares of Vivid Seats from $6.00 to $4.00 and set a "sector perform" rating for the company in a research note on Thursday, March 13th. Finally, Bank of America reaffirmed an "underperform" rating and set a $2.60 price target (down from $6.25) on shares of Vivid Seats in a report on Thursday, March 13th.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Emeth Value Capital LLC acquired a new position in Vivid Seats in the fourth quarter worth $23,250,000. Huber Capital Management LLC acquired a new position in shares of Vivid Seats in the 4th quarter valued at about $3,627,000. Visualize Group LP bought a new stake in shares of Vivid Seats during the 4th quarter valued at about $3,327,000. Geode Capital Management LLC grew its position in shares of Vivid Seats by 18.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,975,047 shares of the company's stock valued at $7,309,000 after buying an additional 314,482 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its stake in Vivid Seats by 18.4% during the fourth quarter. Ameriprise Financial Inc. now owns 1,954,794 shares of the company's stock worth $9,051,000 after acquiring an additional 303,878 shares during the period. Institutional investors and hedge funds own 39.92% of the company's stock.

Vivid Seats Stock Performance

Shares of SEAT stock traded up $0.12 during mid-day trading on Wednesday, reaching $2.83. The company's stock had a trading volume of 804,799 shares, compared to its average volume of 1,354,853. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.74 and a current ratio of 0.79. The company's 50 day simple moving average is $3.51 and its 200-day simple moving average is $3.79. Vivid Seats has a 12-month low of $2.36 and a 12-month high of $6.09.

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.