Vivid Seats (SEAT) – Analysts’ Recent Ratings Changes

Several analysts have recently updated their ratings and price targets for Vivid Seats (NASDAQ: SEAT):

• 8/16/2024 – Vivid Seats had its “buy” rating reaffirmed by analysts at DA Davidson. They now have a $6.50 price target on the stock.
• 8/12/2024 – Vivid Seats had its price target lowered by analysts at Deutsche Bank Aktiengesellschaft from $5.50 to $4.50. They now have a “hold” rating on the stock.
• 8/7/2024 – Vivid Seats had its price target lowered by analysts at Royal Bank of Canada from $8.00 to $7.00. They now have a “sector perform” rating on the stock.
• 8/7/2024 – Vivid Seats had its price target lowered by analysts at Piper Sandler from $7.00 to $5.00. They now have a “neutral” rating on the stock.
• 7/30/2024 – Vivid Seats had its “buy” rating reaffirmed by analysts at Benchmark Co.. They now have a $15.00 price target on the stock.

Vivid Seats Trading Down 1.3 %

Shares of NASDAQ SEAT traded down $0.06 during mid-day trading on Thursday, reaching $4.39. 700,609 shares of the company’s stock were exchanged, compared to its average volume of 1,494,891. Vivid Seats Inc. has a 52-week low of $3.58 and a 52-week high of $8.80. The firm has a market capitalization of $911.59 million, a price-to-earnings ratio of 7.22, a PEG ratio of 2.84 and a beta of 1.23. The company’s 50-day moving average is $4.96 and its 200-day moving average is $5.38. The company has a debt-to-equity ratio of 1.89, a quick ratio of 0.51 and a current ratio of 0.57.

Vivid Seats (NASDAQ:SEAT) last released its quarterly earnings data on Tuesday, August 6th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.08). The firm had revenue of $198.32 million for 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 last year, the firm posted $0.20 earnings per share. Analysts expect that Vivid Seats Inc. will post 0.26 EPS for the current fiscal year.

Institutional Trading of Vivid Seats

Institutional investors have recently modified their holdings of the stock. Parkside Financial Bank & Trust grew its stake in shares of Vivid Seats by 84.7% in the 4th quarter. Parkside Financial Bank & Trust now owns 4,557 shares of the company’s stock valued at $29,000 after purchasing an additional 2,090 shares during the last quarter. Ameritas Investment Partners Inc. lifted its holdings in Vivid Seats by 301.6% in the first quarter. Ameritas Investment Partners Inc. now owns 7,449 shares of the company’s stock valued at $45,000 after acquiring an additional 5,594 shares during the period. Rhumbline Advisers boosted its position in shares of Vivid Seats by 9.3% during the 2nd quarter. Rhumbline Advisers now owns 93,197 shares of the company’s stock worth $536,000 after purchasing an additional 7,961 shares in the last quarter. American Century Companies Inc. grew 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 worth $318,000 after buying an additional 10,372 shares during the period. Finally, Principal Financial Group Inc. acquired a new position in shares of Vivid Seats during the 2nd quarter worth $61,000. Hedge funds and other institutional investors own 39.92% of the company’s stock.

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.