Vivid Seats Inc. (NASDAQ:SEAT) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Vivid Seats Inc. (NASDAQ:SEAT) 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.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Clearbridge Investments LLC acquired a new stake in shares of Vivid Seats in the 4th quarter valued at about $10,815,000. Blackstone Inc. bought a new stake in Vivid Seats in the fourth quarter valued at about $4,424,000. HBK Investments L P bought a new position in Vivid Seats during the 4th quarter worth approximately $4,424,000. Victory Capital Management Inc. grew its position in shares of Vivid Seats by 68.4% in the 4th quarter. Victory Capital Management Inc. now owns 35,774 shares of the company’s stock worth $226,000 after acquiring an additional 14,527 shares in the last quarter. Finally, Janus Henderson Group PLC grew its position in shares of Vivid Seats by 10.1% in the 1st quarter. Janus Henderson Group PLC now owns 2,979,885 shares of the company’s stock worth $17,849,000 after acquiring an additional 273,734 shares in the last quarter. 39.92% of the stock is currently owned by institutional investors.

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) 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.