Brokerages Set Vivid Seats Inc. (NASDAQ:SEAT) PT at $6.63

Vivid Seats Inc. (NASDAQ:SEAT) has received an average recommendation of “Moderate Buy” from the ten brokerages that are covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $6.63.

A number of research analysts have issued reports on SEAT shares. Maxim Group reduced their target price on shares of Vivid Seats from $9.00 to $8.00 and set a “buy” rating for the company in a research note on Monday, November 4th. Piper Sandler restated a “neutral” rating and issued a $4.00 target price (down from $5.00) on shares of Vivid Seats in a research report on Friday, November 8th. Bank of America reiterated a “buy” rating and set a $6.25 price target on shares of Vivid Seats in a research report on Tuesday, December 31st. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Vivid Seats from $4.50 to $4.00 and set a “hold” rating on the stock in a research note on Monday, November 4th. Finally, Benchmark lowered 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.

Vivid Seats Stock Down 0.4 %

Shares of SEAT stock opened at $4.70 on Friday. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.74 and a current ratio of 0.79. The business has a 50 day moving average of $3.96 and a two-hundred day moving average of $4.14. Vivid Seats has a 52 week low of $3.24 and a 52 week high of $6.41.

Vivid Seats (NASDAQ:SEAT) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.01. Vivid Seats had a return on equity of 21.29% and a net margin of 4.56%. The firm had revenue of $186.61 million during the quarter, compared to the consensus estimate of $186.61 million. During the same period in the prior year, the business earned $0.07 EPS. As a group, equities analysts predict that Vivid Seats will post 0.12 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Vivid Seats

A number of institutional investors have recently made changes to their positions in the business. Emeth Value Capital LLC acquired a new stake in Vivid Seats in the 4th quarter valued at about $23,250,000. Harbor Capital Advisors Inc. grew its stake in shares of Vivid Seats by 180.0% during the third quarter. Harbor Capital Advisors Inc. now owns 2,613,619 shares of the company’s stock valued at $9,670,000 after purchasing an additional 1,680,327 shares during the last quarter. Clearline Capital LP increased its holdings in shares of Vivid Seats by 105.6% in the second quarter. Clearline Capital LP now owns 770,798 shares of the company’s stock valued at $4,432,000 after purchasing an additional 395,942 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Vivid Seats by 18.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,975,047 shares of the company’s stock worth $7,309,000 after buying an additional 314,482 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its position in Vivid Seats by 183.4% in the 2nd quarter. Renaissance Technologies LLC now owns 324,228 shares of the company’s stock valued at $1,864,000 after buying an additional 209,828 shares during the last quarter. 39.92% of the stock is currently owned by 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.