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

Key Points

• Vivid Seats Inc. has received an average consensus rating of "Hold" from twelve brokerages, with one sell, eight hold, and three buy recommendations.
• The average 1-year price target among brokers is $47.00, although target prices from various analysts have ranged drastically, with Citigroup setting it at $32.00, down from $70.00.
• Vivid Seats shares have fluctuated significantly over the past year, with a 12-month low of $14.54 and a high of $100.00.

Shares of Vivid Seats Inc. (NASDAQ:SEAT - Get Free Report) have been given an average recommendation of "Hold" by the twelve brokerages that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and three have given a buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $47.00.

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

Vivid Seats Stock Up 0.6%

Shares of NASDAQ:SEAT opened at $16.62 on Wednesday. Vivid Seats has a 12-month low of $14.54 and a 12-month high of $100.00. The stock has a 50 day moving average of $19.72 and a 200 day moving average of $35.22. The company has a current ratio of 0.72, a quick ratio of 0.63 and a debt-to-equity ratio of 1.77.

Hedge Funds Weigh In On Vivid Seats

A number of institutional investors have recently bought and sold shares of the company. MetLife Investment Management LLC lifted its stake in Vivid Seats by 21.0% during the first quarter. MetLife Investment Management LLC now owns 45,279 shares of the company's stock worth $134,000 after purchasing an additional 7,866 shares in the last quarter. First Trust Advisors LP grew its stake in shares of Vivid Seats by 2.7% during the 2nd quarter. First Trust Advisors LP now owns 297,688 shares of the company's stock worth $503,000 after purchasing an additional 7,940 shares during the period. Equitable Trust Co. grew its position in Vivid Seats by 6.9% during the second quarter. Equitable Trust Co. now owns 167,060 shares of the company's stock worth $282,000 after buying an additional 10,800 shares during the period. BNP Paribas Financial Markets acquired a new stake in shares of Vivid Seats during the 4th quarter valued at approximately $53,000. Finally, Capstone Financial Advisors Inc. acquired a new stake in shares of Vivid Seats during the 2nd quarter valued at approximately $25,000. 39.92% of the stock is owned by hedge funds and other institutional investors.

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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