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

Key Points

• Analysts have a consensus “Hold” rating on Vivid Seats, with two sell, five hold and two buy recommendations. The average 12-month price target is approximately $10.21.
• Vivid Seats reported quarterly revenue of $129.86 million, exceeding estimates of $122.11 million, but its adjusted loss of $1.30 per share was wider than the expected $1.02 loss. Analysts expect a full-year loss of approximately $4.44 per share.
• The stock opened at $6.89 and has traded between $5.06 and $18.73 over the past year. Institutional investors and hedge funds own about 39.92% of the company.

Shares of Vivid Seats Inc. (NASDAQ:SEAT - Get Free Report) have been assigned a consensus recommendation of "Hold" from the nine brokerages that are currently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $10.2111.

Several analysts have commented on the stock. Royal Bank Of Canada restated a "sector perform" rating and set a $9.00 target price (up from $8.00) on shares of Vivid Seats in a report on Wednesday, August 5th. Morgan Stanley set a $9.25 price target on shares of Vivid Seats and gave the company an "equal weight" rating in a report on Wednesday, June 10th. Wall Street Zen raised shares of Vivid Seats from a "sell" rating to a "hold" rating in a research report on Saturday, August 15th. Benchmark raised their price objective on shares of Vivid Seats from $10.00 to $16.00 and gave the stock a "buy" rating in a report on Wednesday, August 5th. Finally, Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Vivid Seats in a research report on Tuesday, June 9th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of SEAT. Great Lakes Advisors LLC bought a new position in shares of Vivid Seats during the second quarter worth about $68,000. Deutsche Bank AG lifted its stake in Vivid Seats by 270.0% in the 4th quarter. Deutsche Bank AG now owns 10,774 shares of the company's stock valued at $78,000 after acquiring an additional 7,862 shares in the last quarter. Jain Global LLC acquired a new position in Vivid Seats during the 4th quarter worth approximately $97,000. Occudo Quantitative Strategies LP acquired a new position in Vivid Seats during the 4th quarter worth approximately $135,000. Finally, Jump Financial LLC bought a new position in shares of Vivid Seats during the 2nd quarter worth approximately $32,000. 39.92% of the stock is owned by institutional investors and hedge funds.

Vivid Seats Price Performance

Shares of Vivid Seats stock opened at $6.89 on Friday. The company has a market capitalization of $77.45 million, a P/E ratio of -0.15 and a beta of 1.08. The business has a 50-day moving average of $7.28 and a two-hundred day moving average of $7.20. Vivid Seats has a 1 year low of $5.06 and a 1 year high of $18.73.

Vivid Seats (NASDAQ:SEAT - Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The company reported ($1.30) earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $129.86 million for the quarter, compared to the consensus estimate of $122.11 million. On average, equities analysts anticipate that Vivid Seats will post -4.44 EPS for the current fiscal year.

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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