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

Shares of Vivid Seats Inc. (NASDAQ:SEAT) have been assigned an average rating of “Moderate Buy” from the ten brokerages that are presently covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $6.63.

A number of research firms recently issued reports on SEAT. DA Davidson decreased their target price on shares of Vivid Seats from $6.50 to $6.00 and set a “buy” rating for the company in a research report on Thursday, September 12th. Maxim Group decreased their price objective on Vivid Seats from $9.00 to $8.00 and set a “buy” rating for the company in a report on Monday, November 4th. Craig Hallum dropped their target price on Vivid Seats from $10.00 to $8.00 and set a “buy” rating on the stock in a report on Tuesday, September 10th. Royal Bank of Canada decreased their price target on Vivid Seats from $7.00 to $6.00 and set a “sector perform” rating for the company in a report on Monday, November 11th. Finally, Bank of America reiterated a “buy” rating and issued a $6.25 price objective on shares of Vivid Seats in a research report on Tuesday, December 31st.

Vivid Seats Stock Performance

Shares of NASDAQ SEAT opened at $4.59 on Monday. The company has a 50 day simple moving average of $3.74 and a two-hundred day simple moving average of $4.23. The stock has a market cap of $953.55 million, a price-to-earnings ratio of 8.25, a PEG ratio of 15.89 and a beta of 1.11. The company has a current ratio of 0.79, a quick ratio of 0.74 and a debt-to-equity ratio of 1.17. Vivid Seats has a 12 month low of $3.24 and a 12 month high of $6.41.

Hedge Funds Weigh In On Vivid Seats

Several hedge funds and other institutional investors have recently made changes to their positions in the company. FMR LLC raised its stake in Vivid Seats by 3.4% in the 3rd quarter. FMR LLC now owns 5,970,058 shares of the company’s stock valued at $22,089,000 after purchasing an additional 195,625 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of Vivid Seats by 2.9% in 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 buying an additional 125,035 shares during the last quarter. Harbor Capital Advisors Inc. lifted its stake in shares of Vivid Seats by 180.0% in the third quarter. Harbor Capital Advisors Inc. now owns 2,613,619 shares of the company’s stock worth $9,670,000 after buying an additional 1,680,327 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Vivid Seats by 18.9% in 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 in the last quarter. Finally, State Street Corp lifted its position in Vivid Seats by 3.5% during the third quarter. State Street Corp now owns 1,486,894 shares of the company’s stock worth $5,502,000 after buying an additional 49,870 shares in the last quarter. Hedge funds and other institutional investors 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.