Vivid Seats Inc. (NASDAQ:SEAT) Given Average Rating of "Hold" by Analysts

Key Points

• Vivid Seats Inc. (NASDAQ:SEAT) has received an average analyst rating of "Hold", with one analyst issuing a sell recommendation, eight holding, and four buying the stock.
• The average 1-year target price for Vivid Seats among analysts is $53.64, although several analysts have significantly lowered their price targets recently.
• Shares of Vivid Seats opened at $17.33 and are experiencing involvement from institutional investors, with 39.92% of the stock owned by such entities.

Vivid Seats Inc. (NASDAQ:SEAT - Get Free Report) has received a consensus recommendation of "Hold" from the thirteen brokerages that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $53.6364.

Several equities research analysts have recently commented on the company. Royal Bank Of Canada decreased their price objective on Vivid Seats from $80.00 to $40.00 and set a "sector perform" rating for the company in a report on Wednesday, May 7th. William Blair cut Vivid Seats from an "outperform" rating to a "market perform" rating in a research report on Tuesday, May 6th. Citigroup reiterated a "buy" rating and set a $32.00 price target (down previously from $70.00) on shares of Vivid Seats in a report on Friday. Maxim Group decreased their price target on Vivid Seats from $100.00 to $60.00 and set a "buy" rating for the company in a report on Wednesday, May 7th. Finally, Benchmark upped their price target on Vivid Seats to $26.00 and gave the stock a "buy" rating in a report on Wednesday, August 6th.

Vivid Seats Stock Up 3.4%

Shares of SEAT opened at $17.33 on Tuesday. Vivid Seats has a 1 year low of $15.25 and a 1 year high of $100.00. The company has a debt-to-equity ratio of 1.77, a quick ratio of 0.63 and a current ratio of 0.72. The business has a 50-day moving average of $33.32 and a 200-day moving average of $51.58.

Hedge Funds Weigh In On Vivid Seats

A number of institutional investors have recently added to or reduced their stakes in the business. Capstone Financial Advisors Inc. bought a new position in Vivid Seats in the 2nd quarter worth about $25,000. Equitable Trust Co. increased its stake in Vivid Seats by 6.9% in the 2nd quarter. Equitable Trust Co. now owns 167,060 shares of the company's stock worth $282,000 after acquiring an additional 10,800 shares during the last quarter. Emeth Value Capital LLC increased its position in shares of Vivid Seats by 27.4% during the 2nd quarter. Emeth Value Capital LLC now owns 7,642,042 shares of the company's stock valued at $12,915,000 after purchasing an additional 1,644,188 shares during the last quarter. Clearline Capital LP increased its position in shares of Vivid Seats by 34.9% during the 1st quarter. Clearline Capital LP now owns 986,937 shares of the company's stock valued at $2,921,000 after purchasing an additional 255,337 shares during the last quarter. Finally, Ashton Thomas Securities LLC increased its position in shares of Vivid Seats by 44.5% during the 1st quarter. Ashton Thomas Securities LLC now owns 113,457 shares of the company's stock valued at $336,000 after purchasing an additional 34,931 shares during the last quarter. 39.92% of the stock is currently owned by institutional investors.

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.

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