Vivid Seats Inc. (NASDAQ:SEAT) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Vivid Seats Inc. (NASDAQ:SEAT) have been assigned an average recommendation of “Moderate Buy” from the eight ratings firms that are currently covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $9.00.

SEAT has been the topic of a number of research reports. Royal Bank of Canada dropped 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 report on Wednesday. DA Davidson restated a “buy” rating and set a $7.00 target price on shares of Vivid Seats in a research note on Friday, June 21st. Piper Sandler decreased their target price on shares of Vivid Seats from $7.00 to $5.00 and set a “neutral” rating on the stock in a research note on Wednesday. Maxim Group raised their target price on shares of Vivid Seats from $7.00 to $9.00 and gave the stock a “buy” rating in a research note on Wednesday, May 8th. Finally, Benchmark restated a “buy” rating and set a $15.00 target price on shares of Vivid Seats in a research note on Tuesday, July 30th.

Institutional Investors Weigh In On Vivid Seats

Institutional investors and hedge funds have recently modified their holdings of the stock. Parkside Financial Bank & Trust increased its position in Vivid Seats by 84.7% in the fourth quarter. Parkside Financial Bank & Trust now owns 4,557 shares of the company’s stock worth $29,000 after purchasing an additional 2,090 shares during the last quarter. Ameritas Investment Partners Inc. increased its position in Vivid Seats by 301.6% in the first quarter. Ameritas Investment Partners Inc. now owns 7,449 shares of the company’s stock worth $45,000 after purchasing an additional 5,594 shares during the last quarter. Principal Financial Group Inc. bought a new stake in Vivid Seats in the second quarter worth $61,000. SG Americas Securities LLC bought a new stake in Vivid Seats in the fourth quarter worth $65,000. Finally, Tower Research Capital LLC TRC increased its position in Vivid Seats by 417.1% in the fourth quarter. Tower Research Capital LLC TRC now owns 11,308 shares of the company’s stock worth $71,000 after purchasing an additional 9,121 shares during the last quarter. Institutional investors own 39.92% of the company’s stock.

Vivid Seats Stock Performance

SEAT opened at $3.85 on Friday. The company has a current ratio of 0.57, a quick ratio of 0.51 and a debt-to-equity ratio of 1.89. The company has a market cap of $799.46 million, a price-to-earnings ratio of 8.40, a PEG ratio of 2.84 and a beta of 1.23. The company’s 50 day moving average is $5.17 and its 200 day moving average is $5.49. Vivid Seats has a 12-month low of $3.65 and a 12-month high of $8.80.

Vivid Seats (NASDAQ:SEAT) last posted its quarterly earnings data on Tuesday, August 6th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.08). The business had revenue of $198.32 million during the quarter, compared to analysts’ expectations of $194.68 million. Vivid Seats had a negative return on equity of 170.34% and a net margin of 9.21%. During the same period in the previous year, the business posted $0.20 EPS. On average, equities research analysts predict that Vivid Seats will post 0.26 EPS for the current year.

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.