Shares of Vivid Seats Inc. (NASDAQ:SEAT – Get Free Report) have earned an average rating of “Moderate Buy” from the nine ratings firms that are currently covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $7.28.
A number of analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Vivid Seats from $5.50 to $4.50 and set a “hold” rating for the company in a research report on Monday, August 12th. Craig Hallum lowered their target price on Vivid Seats from $10.00 to $8.00 and set a “buy” rating for the company in a research note on Tuesday, September 10th. Piper Sandler reduced their price target on Vivid Seats from $7.00 to $5.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 7th. Canaccord Genuity Group dropped their price objective on shares of Vivid Seats from $8.00 to $7.00 and set a “buy” rating on the stock in a research note on Thursday, September 12th. Finally, Citigroup reduced their target price on shares of Vivid Seats from $10.00 to $9.00 and set a “buy” rating on the stock in a research report on Friday, September 20th.
Read Our Latest Research Report on SEAT
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Vivid Seats Stock Performance
Vivid Seats stock opened at $3.59 on Friday. The company has a market cap of $745.47 million, a price-to-earnings ratio of 6.56, a price-to-earnings-growth ratio of 14.46 and a beta of 1.22. Vivid Seats has a 12 month low of $3.58 and a 12 month high of $8.80. The company has a debt-to-equity ratio of 2.48, a current ratio of 0.79 and a quick ratio of 0.73. The stock’s 50-day moving average is $4.33 and its 200-day moving average is $5.08.
Vivid Seats (NASDAQ:SEAT – Get Free Report) last posted its quarterly earnings results on Tuesday, August 6th. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.07 by ($0.08). Vivid Seats had a net margin of 4.73% and a return on equity of 57.44%. The business had revenue of $198.32 million during the quarter, compared to analysts’ expectations of $194.68 million. During the same quarter in the previous year, the business posted $0.20 EPS. Equities analysts anticipate that Vivid Seats will post 0.14 earnings per share for the current year.
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.
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