Vivid Seats Inc. (NASDAQ:SEAT) Receives $6.63 Average Target Price from Brokerages

Shares of Vivid Seats Inc. (NASDAQ:SEAT) have been given an average rating of “Moderate Buy” by the ten research firms that are covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $6.63.

SEAT has been the topic of a number of research reports. Royal Bank of Canada dropped their price target on Vivid Seats from $7.00 to $6.00 and set a “sector perform” rating on the stock in a research note on Monday, November 11th. Deutsche Bank Aktiengesellschaft decreased their target price on Vivid Seats from $4.50 to $4.00 and set a “hold” rating on the stock in a report on Monday, November 4th. Benchmark decreased their target price on Vivid Seats from $10.00 to $8.00 and set a “buy” rating on the stock in a report on Friday, November 8th. Piper Sandler reaffirmed a “neutral” rating and issued a $4.00 target price (down from $5.00) on shares of Vivid Seats in a report on Friday, November 8th. Finally, Bank of America reaffirmed a “buy” rating and issued a $6.25 target price on shares of Vivid Seats in a report on Tuesday, December 31st.

Institutional Investors Weigh In On Vivid Seats

A number of institutional investors and hedge funds have recently bought and sold shares of the business. FMR LLC raised its holdings in Vivid Seats by 3.4% during the third quarter. FMR LLC now owns 5,970,058 shares of the company’s stock valued at $22,089,000 after acquiring an additional 195,625 shares during the period. Emeth Value Capital LLC bought a new stake in Vivid Seats during the fourth quarter valued at about $23,250,000. Vanguard Group Inc. raised its holdings in Vivid Seats by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 4,897,627 shares of the company’s stock valued at $22,676,000 after acquiring an additional 22,285 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in Vivid Seats by 2.9% during the third quarter. Massachusetts Financial Services Co. MA now owns 4,496,163 shares of the company’s stock valued at $16,636,000 after acquiring an additional 125,035 shares during the period. Finally, Harbor Capital Advisors Inc. raised its holdings in 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 acquiring an additional 1,680,327 shares during the period. 39.92% of the stock is owned by institutional investors.

Vivid Seats Stock Up 0.9 %

SEAT stock opened at $4.37 on Tuesday. Vivid Seats has a 1 year low of $3.24 and a 1 year high of $6.34. 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 stock’s fifty day moving average price is $4.33 and its 200-day moving average price is $4.05.

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.