Vivid Seats (NASDAQ:SEAT) Price Target Cut to $4.00 by Analysts at Deutsche Bank Aktiengesellschaft

Vivid Seats (NASDAQ:SEAT) had its target price decreased by Deutsche Bank Aktiengesellschaft from $4.50 to $4.00 in a research report report published on Monday, Benzinga reports. Deutsche Bank Aktiengesellschaft currently has a hold rating on the stock.

A number of other brokerages have also weighed in on SEAT. Canaccord Genuity Group dropped their price target on Vivid Seats from $8.00 to $7.00 and set a “buy” rating on the stock in a research note on Thursday, September 12th. Benchmark decreased their target price on Vivid Seats from $15.00 to $10.00 and set a “buy” rating for the company in a report on Tuesday, September 10th. Piper Sandler decreased their target price on Vivid Seats from $7.00 to $5.00 and set a “neutral” rating for the company in a report on Wednesday, August 7th. Craig Hallum dropped their price target on Vivid Seats from $10.00 to $8.00 and set a “buy” rating for the company in a research report on Tuesday, September 10th. Finally, Maxim Group dropped their target price on Vivid Seats from $9.00 to $8.00 and set a “buy” rating for the company in a report on Monday. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Vivid Seats currently has a consensus rating of “Moderate Buy” and an average price target of $7.11.

Vivid Seats Stock Performance

Shares of NASDAQ:SEAT traded up $0.03 on Monday, hitting $4.02. 105,017 shares of the company’s stock were exchanged, compared to its average volume of 1,384,826. The company has a quick ratio of 0.73, a current ratio of 0.79 and a debt-to-equity ratio of 2.48. Vivid Seats has a 12 month low of $3.36 and a 12 month high of $8.80. The business’s 50 day simple moving average is $4.03 and its two-hundred day simple moving average is $4.73.

Vivid Seats (NASDAQ:SEAT) last announced 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 firm had revenue of $198.32 million for the quarter, compared to analysts’ expectations of $194.68 million. During the same quarter in the prior year, the business posted $0.20 EPS. Research analysts anticipate that Vivid Seats will post 0.14 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Allspring Global Investments Holdings LLC acquired a new position in Vivid Seats during the 1st quarter valued at approximately $230,000. Oppenheimer & Co. Inc. purchased a new stake in shares of Vivid Seats during the 1st quarter worth about $264,000. Swiss National Bank increased its holdings in shares of Vivid Seats by 14.0% during the 1st quarter. Swiss National Bank now owns 132,100 shares of the company’s stock valued at $791,000 after acquiring an additional 16,200 shares during the last quarter. Entropy Technologies LP acquired a new position in shares of Vivid Seats during the 1st quarter valued at about $101,000. Finally, Vanguard Group Inc. increased its holdings in shares of Vivid Seats by 10.4% during the 1st quarter. Vanguard Group Inc. now owns 4,336,578 shares of the company’s stock valued at $25,976,000 after acquiring an additional 410,243 shares during the last quarter. Institutional investors and hedge funds 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.