Vivid Seats Inc. (NASDAQ:SEAT) Given Consensus Recommendation of "Moderate Buy" by Analysts

Vivid Seats Inc. (NASDAQ:SEAT - Get Free Report) has received an average recommendation of "Moderate Buy" from the nine analysts that are covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $6.67.

Several analysts have recently weighed in on the company. DA Davidson cut their price objective on Vivid Seats from $6.50 to $6.00 and set a "buy" rating for the company in a report on Thursday, September 12th. Maxim Group cut their price objective on Vivid Seats from $9.00 to $8.00 and set a "buy" rating for the company in a report on Monday, November 4th. Canaccord Genuity Group cut their price objective on Vivid Seats from $8.00 to $7.00 and set a "buy" rating for the company in a report on Thursday, September 12th. Craig Hallum cut their price objective on Vivid Seats from $10.00 to $8.00 and set a "buy" rating for the company in a report on Tuesday, September 10th. Finally, Benchmark cut their price objective on Vivid Seats from $10.00 to $8.00 and set a "buy" rating for the company in a report on Friday, November 8th.

Vivid Seats Price Performance

Shares of Vivid Seats stock traded down $0.10 during trading on Thursday, hitting $3.26. The stock had a trading volume of 1,407,377 shares, compared to its average volume of 1,401,102. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.79 and a quick ratio of 0.74. The firm has a market cap of $677.23 million, a P/E ratio of 6.11, a PEG ratio of 15.30 and a beta of 1.11. The business has a fifty day moving average of $3.74 and a two-hundred day moving average of $4.43. Vivid Seats has a fifty-two week low of $3.24 and a fifty-two week high of $8.40.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Exchange Traded Concepts LLC raised its position in Vivid Seats by 3.8% during the third quarter. Exchange Traded Concepts LLC now owns 99,568 shares of the company's stock valued at $368,000 after buying an additional 3,676 shares during the period. Rhumbline Advisers raised its position in Vivid Seats by 9.3% during the second quarter. Rhumbline Advisers now owns 93,197 shares of the company's stock valued at $536,000 after buying an additional 7,961 shares during the period. Oppenheimer & Co. Inc. acquired a new position in Vivid Seats during the third quarter valued at $37,000. American Century Companies Inc. raised its position in Vivid Seats by 23.1% during the second quarter. American Century Companies Inc. now owns 55,243 shares of the company's stock valued at $318,000 after buying an additional 10,372 shares during the period. Finally, Principal Financial Group Inc. acquired a new position in Vivid Seats during the second quarter valued at $61,000. 39.92% of the stock is owned by institutional investors and hedge funds.

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.