Vivid Seats Inc. (NASDAQ:SEAT) Given Consensus Recommendation of "Hold" by Brokerages

Key Points

• Analysts collectively rate Vivid Seats “Hold.” Of 10 brokerages, two recommend selling, six recommend holding and two recommend buying; the average 12-month price target is $10.27.
• SEAT shares fell 5.1% to $4.44, near their 52-week low of $4.36 and well below the 50-day and 200-day moving averages of $6.85 and $7.08, respectively.
• Vivid Seats reported a quarterly loss of $1.30 per share, missing estimates by $0.28, despite revenue of $129.86 million exceeding expectations. The company posted a negative net margin of 60.26%, while institutional investors own 39.92% of its shares.

Vivid Seats Inc. (NASDAQ:SEAT - Get Free Report) has received a consensus recommendation of "Hold" from the ten brokerages that are presently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $10.2667.

Several equities analysts recently weighed in on the company. Morgan Stanley set a $9.25 price objective on Vivid Seats and gave the company an "equal weight" rating in a research note on Wednesday, June 10th. Benchmark lifted their price objective on Vivid Seats from $10.00 to $16.00 and gave the stock a "buy" rating in a report on Wednesday, August 5th. Weiss Ratings reiterated a "sell (e+)" rating on shares of Vivid Seats in a research report on Friday, September 4th. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and issued a $7.50 target price (up from $7.00) on shares of Vivid Seats in a report on Tuesday, August 25th. Finally, Royal Bank Of Canada restated a "sector perform" rating and issued a $9.00 price target (up from $8.00) on shares of Vivid Seats in a research report on Wednesday, August 5th.

Vivid Seats Trading Down 5.1%

SEAT stock opened at $4.44 on Wednesday. The company's 50-day moving average price is $6.85 and its 200 day moving average price is $7.08. Vivid Seats has a 52 week low of $4.36 and a 52 week high of $18.73. The company has a market cap of $49.91 million, a P/E ratio of -0.10 and a beta of 1.05.

Vivid Seats (NASDAQ:SEAT - Get Free Report) last issued its earnings results on Tuesday, August 4th. The company reported ($1.30) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($1.02) by ($0.28). Vivid Seats had a negative net margin of 60.26% and a negative return on equity of 211.26%. The company had revenue of $129.86 million during the quarter, compared to analysts' expectations of $122.11 million. On average, equities research analysts expect that Vivid Seats will post -4.42 earnings per share for the current year.

Institutional Investors Weigh In On Vivid Seats

A number of large investors have recently added to or reduced their stakes in SEAT. Whetstone Capital Advisors LLC acquired a new position in Vivid Seats in the 4th quarter valued at $595,000. Quantinno Capital Management LP lifted its stake in shares of Vivid Seats by 96.8% during the 1st quarter. Quantinno Capital Management LP now owns 128,401 shares of the company's stock worth $759,000 after purchasing an additional 63,161 shares during the period. Bank of America Corp DE boosted its holdings in shares of Vivid Seats by 40.2% during the first quarter. Bank of America Corp DE now owns 94,489 shares of the company's stock worth $558,000 after purchasing an additional 27,088 shares during the last quarter. Finally, Great Lakes Advisors LLC acquired a new stake in shares of Vivid Seats during the second quarter worth $68,000. 39.92% of the stock is owned by institutional investors and hedge funds.

About Vivid Seats

Vivid Seats, traded on NASDAQ under the ticker SEAT, operates an online ticket marketplace that connects buyers and sellers of live event tickets. The company specializes in facilitating purchases for sports games, concerts, theater productions and other entertainment experiences. Through its digital platform and mobile application, Vivid Seats offers real-time access to available tickets, transparent pricing and a 100% Buyer Guarantee, which ensures ticket authenticity and timely delivery.

Founded in 2001 and headquartered in Chicago, Illinois, Vivid Seats has grown from a regional reseller into one of North America's leading ticket marketplaces.

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