Vivid Seats Inc. (NASDAQ:SEAT) Receives Average Rating of "Moderate Buy" from Analysts

Shares of Vivid Seats Inc. (NASDAQ:SEAT - Get Free Report) have received an average recommendation of "Moderate Buy" from the ten research firms that are covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $6.63.

Several brokerages have recently issued reports on SEAT. Piper Sandler reissued a "neutral" rating and issued a $4.00 target price (down previously from $5.00) on shares of Vivid Seats in a research report on Friday, November 8th. Deutsche Bank Aktiengesellschaft cut their target price on Vivid Seats from $4.50 to $4.00 and set a "hold" rating on the stock in a research note on Monday, November 4th. Royal Bank of Canada dropped their price target on Vivid Seats from $7.00 to $6.00 and set a "sector perform" rating on the stock in a research note on Monday, November 11th. Bank of America restated a "buy" rating and issued a $6.25 price target on shares of Vivid Seats in a research note on Tuesday, December 31st. Finally, Benchmark dropped their price target on Vivid Seats from $10.00 to $8.00 and set a "buy" rating on the stock in a research note on Friday, November 8th.

Institutional Investors Weigh In On Vivid Seats

Several large investors have recently made changes to their positions in the company. FMR LLC grew its position in Vivid Seats by 3.4% in the third quarter. FMR LLC now owns 5,970,058 shares of the company's stock worth $22,089,000 after acquiring an additional 195,625 shares in the last quarter. Emeth Value Capital LLC purchased a new position in shares of Vivid Seats during the fourth quarter valued at approximately $23,250,000. Massachusetts Financial Services Co. MA boosted its position in shares of Vivid Seats by 2.9% during the third quarter. Massachusetts Financial Services Co. MA now owns 4,496,163 shares of the company's stock valued at $16,636,000 after buying an additional 125,035 shares during the period. Harbor Capital Advisors Inc. boosted its position in shares of Vivid Seats by 180.0% during the third quarter. Harbor Capital Advisors Inc. now owns 2,613,619 shares of the company's stock valued at $9,670,000 after buying an additional 1,680,327 shares during the period. Finally, Geode Capital Management LLC boosted its position in shares of Vivid Seats by 18.9% during the third 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 period. 39.92% of the stock is owned by institutional investors.

Vivid Seats Stock Performance

Shares of SEAT traded up $0.01 during mid-day trading on Friday, hitting $4.73. The stock had a trading volume of 241,637 shares, compared to its average volume of 1,033,719. The business has a fifty day moving average price of $3.91 and a 200-day moving average price of $4.16. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.74 and a current ratio of 0.79. Vivid Seats has a 52 week low of $3.24 and a 52 week high of $6.41.

Vivid Seats (NASDAQ:SEAT - Get Free Report) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.04 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.03 by $0.01. The firm had revenue of $186.61 million during the quarter, compared to analysts' expectations of $186.61 million. Vivid Seats had a return on equity of 21.29% and a net margin of 4.56%. During the same period in the prior year, the business earned $0.07 EPS. As a group, analysts anticipate that Vivid Seats will post 0.12 earnings per share for the current fiscal year.

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.