Vivid Seats Inc. (NASDAQ:SEAT) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Vivid Seats Inc. (NASDAQ:SEAT) have earned an average recommendation of “Moderate Buy” from the nine research firms that are presently covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $7.28.

A number of research firms have commented on SEAT. DA Davidson reduced their price target on Vivid Seats from $6.50 to $6.00 and set a “buy” rating on the stock in a research report on Thursday, September 12th. Citigroup lowered their price target on shares of Vivid Seats from $10.00 to $9.00 and set a “buy” rating for the company in a report on Friday. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Vivid Seats from $5.50 to $4.50 and set a “hold” rating on the stock in a research note on Monday, August 12th. Canaccord Genuity Group lowered their target price on shares of Vivid Seats from $8.00 to $7.00 and set a “buy” rating for the company in a research note on Thursday, September 12th. Finally, Craig Hallum dropped their target price on shares of Vivid Seats from $10.00 to $8.00 and set a “buy” rating on the stock in a report on Tuesday, September 10th.

Vivid Seats Price Performance

Vivid Seats stock opened at $3.69 on Friday. The stock has a 50-day moving average price of $4.51 and a two-hundred day moving average price of $5.14. Vivid Seats has a 12 month low of $3.58 and a 12 month high of $8.80. The company has a market capitalization of $766.24 million, a PE ratio of 7.60, a P/E/G ratio of 15.64 and a beta of 1.22. The company has a current ratio of 0.79, a quick ratio of 0.73 and a debt-to-equity ratio of 2.48.

Vivid Seats (NASDAQ:SEAT) last issued its quarterly earnings data on Tuesday, August 6th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.08). The business had revenue of $198.32 million during the quarter, compared to the consensus estimate of $194.68 million. Vivid Seats had a net margin of 4.73% and a return on equity of 57.44%. During the same quarter last year, the business earned $0.20 EPS. Analysts expect that Vivid Seats will post 0.14 EPS for the current year.

Institutional Investors Weigh In On Vivid Seats

Several hedge funds and other institutional investors have recently modified their holdings of the company. Massachusetts Financial Services Co. MA raised its holdings in shares of Vivid Seats by 1.8% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 4,371,128 shares of the company’s stock worth $25,134,000 after acquiring an additional 77,983 shares during the last quarter. Vanguard Group Inc. increased its holdings in Vivid Seats by 10.4% during the 1st quarter. Vanguard Group Inc. now owns 4,336,578 shares of the company’s stock worth $25,976,000 after purchasing an additional 410,243 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in shares of Vivid Seats by 10.1% in the first quarter. Janus Henderson Group PLC now owns 2,979,885 shares of the company’s stock valued at $17,849,000 after purchasing an additional 273,734 shares in the last quarter. Anson Funds Management LP lifted its holdings in shares of Vivid Seats by 66.5% in the first quarter. Anson Funds Management LP now owns 2,695,424 shares of the company’s stock valued at $16,146,000 after purchasing an additional 1,076,271 shares in the last quarter. Finally, Clearbridge Investments LLC boosted its position in shares of Vivid Seats by 17.6% during the first quarter. Clearbridge Investments LLC now owns 2,012,878 shares of the company’s stock valued at $12,057,000 after buying an additional 301,623 shares during the last quarter. Institutional investors own 39.92% of the company’s stock.

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.