Maxim Group Begins Coverage on Vivid Seats (NASDAQ:SEAT)

Maxim Group began coverage on shares of Vivid Seats (NASDAQ:SEAT) in a research note issued to investors on Wednesday, Marketbeat reports. The brokerage issued a buy rating and a $7.00 price target on the stock.

Other research analysts also recently issued research reports about the company. Benchmark reaffirmed a buy rating and set a $15.00 target price on shares of Vivid Seats in a report on Wednesday, March 6th. Craig Hallum assumed coverage on Vivid Seats in a report on Friday, February 9th. They issued a buy rating and a $10.00 price target on the stock. Finally, Royal Bank of Canada cut their price target on Vivid Seats from $10.00 to $8.00 and set a sector perform rating on the stock in a report on Wednesday, March 6th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and a consensus target price of $9.94.

Vivid Seats Trading Up 0.5 %

NASDAQ:SEAT opened at $5.89 on Wednesday. The company has a quick ratio of 0.46, a current ratio of 0.50 and a debt-to-equity ratio of 2.52. The business’s 50 day moving average is $5.81 and its two-hundred day moving average is $6.31. Vivid Seats has a 52 week low of $5.11 and a 52 week high of $9.89. The company has a market cap of $1.24 billion, a PE ratio of 10.71, a P/E/G ratio of 2.50 and a beta of 1.20.

Institutional Trading of Vivid Seats

Large investors have recently added to or reduced their stakes in the business. Parkside Financial Bank & Trust increased its position in Vivid Seats by 84.7% in the 4th quarter. Parkside Financial Bank & Trust now owns 4,557 shares of the company’s stock valued at $29,000 after acquiring an additional 2,090 shares during the period. Bank of America Corp DE acquired a new stake in Vivid Seats in the 1st quarter valued at approximately $33,000. DekaBank Deutsche Girozentrale acquired a new stake in Vivid Seats in the 3rd quarter valued at approximately $37,000. Lazard Asset Management LLC acquired a new stake in Vivid Seats in the 3rd quarter valued at approximately $37,000. Finally, Quarry LP increased its position in Vivid Seats by 291.2% in the 1st quarter. Quarry LP now owns 6,584 shares of the company’s stock valued at $50,000 after acquiring an additional 4,901 shares during the period. 39.92% of the stock is currently owned by institutional investors and hedge funds.

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.