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

Shares of Vivid Seats Inc. (NASDAQ:SEAT - Get Free Report) have received a consensus recommendation of "Hold" from the twelve research firms that are covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $5.49.

Several brokerages recently commented on SEAT. Bank of America reiterated an "underperform" rating and issued a $2.60 price objective (down previously from $6.25) on shares of Vivid Seats in a research note on Thursday, March 13th. Canaccord Genuity Group cut their target price on shares of Vivid Seats from $6.00 to $5.00 and set a "buy" rating for the company in a research report on Thursday, March 13th. Raymond James cut shares of Vivid Seats from a "moderate buy" rating to a "hold" rating in a research report on Thursday, March 13th. Benchmark cut their target price on shares of Vivid Seats from $8.00 to $6.00 and set a "buy" rating for the company in a research report on Thursday, March 13th. Finally, Morgan Stanley cut their price objective on shares of Vivid Seats from $4.60 to $3.75 and set an "equal weight" rating for the company in a research report on Thursday, March 13th.

Institutional Investors Weigh In On Vivid Seats

Institutional investors have recently bought and sold shares of the stock. Oppenheimer & Co. Inc. purchased a new stake in Vivid Seats in the third quarter valued at approximately $37,000. Stratos Wealth Partners LTD. purchased a new stake in Vivid Seats in the fourth quarter valued at approximately $46,000. Quinn Opportunity Partners LLC purchased a new stake in Vivid Seats in the fourth quarter valued at approximately $46,000. BNP Paribas Financial Markets purchased a new stake in Vivid Seats in the fourth quarter valued at approximately $53,000. Finally, Stoneridge Investment Partners LLC purchased a new stake in Vivid Seats during the fourth quarter worth approximately $53,000. 39.92% of the stock is currently owned by hedge funds and other institutional investors.

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Vivid Seats Stock Performance

Shares of NASDAQ SEAT traded up $0.04 during midday trading on Friday, hitting $2.72. The company had a trading volume of 2,019,252 shares, compared to its average volume of 1,287,922. The company has a quick ratio of 0.74, a current ratio of 0.79 and a debt-to-equity ratio of 1.17. Vivid Seats has a twelve month low of $2.51 and a twelve month high of $6.09. The business has a 50-day simple moving average of $4.25 and a two-hundred day simple moving average of $3.99.

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.