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

Vivid Seats Inc. (NASDAQ:SEAT) has been assigned a consensus rating of “Moderate Buy” from the ten ratings firms that are currently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $6.63.

SEAT has been the topic of several research analyst reports. Piper Sandler reissued a “neutral” rating and issued a $4.00 price objective (down previously from $5.00) on shares of Vivid Seats in a research note on Friday, November 8th. Bank of America restated a “buy” rating and set a $6.25 price target on shares of Vivid Seats in a research note on Tuesday, December 31st. Maxim Group lowered their price objective 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. DA Davidson cut their target price on shares of Vivid Seats from $6.50 to $6.00 and set a “buy” rating on the stock in a research report on Thursday, September 12th. Finally, Royal Bank of Canada lowered their price target on shares of Vivid Seats from $7.00 to $6.00 and set a “sector perform” rating for the company in a research report on Monday, November 11th.

Institutional Trading of Vivid Seats

Several hedge funds and other institutional investors have recently made changes to their positions in SEAT. Barclays PLC boosted its stake in Vivid Seats by 353.2% in the 3rd quarter. Barclays PLC now owns 125,163 shares of the company’s stock worth $462,000 after purchasing an additional 97,546 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Vivid Seats by 18.9% during the third 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 during the period. Covalent Partners LLC grew its holdings in shares of Vivid Seats by 66.7% during the third quarter. Covalent Partners LLC now owns 375,000 shares of the company’s stock valued at $1,388,000 after buying an additional 150,000 shares during the last quarter. State Street Corp increased 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 acquiring an additional 49,870 shares during the period. Finally, Clearline Capital LP raised its stake in Vivid Seats by 6.1% in the 3rd quarter. Clearline Capital LP now owns 817,996 shares of the company’s stock worth $3,027,000 after acquiring an additional 47,198 shares during the last quarter. Hedge funds and other institutional investors own 39.92% of the company’s stock.

Vivid Seats Price Performance

Shares of SEAT stock opened at $4.59 on Monday. The company has a market capitalization of $953.55 million, a P/E ratio of 8.25, a P/E/G ratio of 15.89 and a beta of 1.11. The company’s 50-day simple moving average is $3.74 and its two-hundred day simple moving average is $4.23. Vivid Seats has a one year low of $3.24 and a one year high of $6.41. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.79 and a quick ratio of 0.74.

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.