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

Key Points

• Vivid Seats Inc. has received an average rating of "Hold" from thirteen analysts, with one sell rating, eight holds, and four buy ratings.
• The average price target for Vivid Seats stock is $53.64, although recent individual analyst targets have significantly varied, with some as low as $2.00 and others as high as $32.00.
• Institutional investors currently own 39.92% of Vivid Seats stock, with several firms recently purchasing new stakes during the second quarter.

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

Several equities research analysts have commented on the stock. Canaccord Genuity Group reissued a "hold" rating and set a $23.00 price target (down from $80.00) on shares of Vivid Seats in a research report on Wednesday, August 6th. Citigroup reaffirmed a "buy" rating and issued a $32.00 target price (down previously from $70.00) on shares of Vivid Seats in a research report on Friday, August 8th. Craig Hallum set a $2.00 price target on Vivid Seats in a research report on Tuesday, August 5th. Finally, Benchmark raised their price target on Vivid Seats to $26.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th.

Hedge Funds Weigh In On Vivid Seats

Institutional investors have recently added to or reduced their stakes in the company. Capstone Financial Advisors Inc. bought a new stake in Vivid Seats during the second quarter worth $25,000. Jump Financial LLC acquired a new position in shares of Vivid Seats during the 2nd quarter worth about $32,000. Raymond James Financial Inc. bought a new stake in shares of Vivid Seats in the 2nd quarter valued at about $35,000. Rangeley Capital LLC acquired a new stake in Vivid Seats in the 2nd quarter valued at about $42,000. Finally, Quantbot Technologies LP bought a new position in Vivid Seats during the second quarter worth about $43,000. 39.92% of the stock is currently owned by institutional investors and hedge funds.

Vivid Seats Stock Performance

Shares of SEAT stock opened at $15.94 on Friday. Vivid Seats has a 12 month low of $14.54 and a 12 month high of $100.00. The company's fifty day simple moving average is $26.38 and its 200-day simple moving average is $42.81. The company has a debt-to-equity ratio of 1.77, a current ratio of 0.72 and a quick ratio of 0.63.

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.

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