Vivid Seats Inc. (NASDAQ:SEAT) Receives $6.67 Average Target Price from Analysts

Vivid Seats Inc. (NASDAQ:SEAT) has been assigned a consensus recommendation of “Moderate Buy” from the ten ratings firms that are covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $6.63.

Several equities analysts recently issued reports on SEAT shares. Craig Hallum decreased their target price on Vivid Seats from $10.00 to $8.00 and set a “buy” rating on the stock in a research note on Tuesday, September 10th. DA Davidson lowered their price objective on shares of Vivid Seats from $6.50 to $6.00 and set a “buy” rating for the company in a research note on Thursday, September 12th. Benchmark cut their target price on shares of Vivid Seats from $10.00 to $8.00 and set a “buy” rating on the stock in a research note on Friday, November 8th. Canaccord Genuity Group reduced their target price on shares of Vivid Seats from $8.00 to $7.00 and set a “buy” rating on the stock in a report on Thursday, September 12th. Finally, Bank of America restated a “buy” rating and issued a $6.25 price target on shares of Vivid Seats in a research note on Tuesday.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. FMR LLC lifted its stake in Vivid Seats by 3.4% during the third quarter. FMR LLC now owns 5,970,058 shares of the company’s stock worth $22,089,000 after purchasing an additional 195,625 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in Vivid Seats by 2.9% during the third quarter. Massachusetts Financial Services Co. MA now owns 4,496,163 shares of the company’s stock worth $16,636,000 after purchasing an additional 125,035 shares in the last quarter. Harbor Capital Advisors Inc. lifted its position in shares of Vivid Seats by 180.0% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 2,613,619 shares of the company’s stock worth $9,670,000 after buying an additional 1,680,327 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Vivid Seats by 18.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,975,047 shares of the company’s stock valued at $7,309,000 after buying an additional 314,482 shares in the last quarter. Finally, State Street Corp grew its position in shares of Vivid Seats by 3.5% in the 3rd quarter. State Street Corp now owns 1,486,894 shares of the company’s stock valued at $5,502,000 after buying an additional 49,870 shares during the last quarter. 39.92% of the stock is owned by institutional investors and hedge funds.

Vivid Seats Stock Up 2.0 %

NASDAQ:SEAT opened at $4.63 on Monday. Vivid Seats has a 52 week low of $3.24 and a 52 week high of $6.51. The stock’s fifty day moving average is $3.71 and its two-hundred day moving average is $4.24. The stock has a market capitalization of $961.84 million, a price-to-earnings ratio of 6.35, a price-to-earnings-growth ratio of 15.89 and a beta of 1.11. The company has a quick ratio of 0.74, a current ratio of 0.79 and a debt-to-equity ratio of 1.17.

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.