Analysts Set Vivid Seats Inc. (NASDAQ:SEAT) PT at $53.64

Shares of Vivid Seats Inc. (NASDAQ:SEAT) have been given a consensus rating of “Hold” by the thirteen ratings firms that are covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have given 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 $53.6364.

Several brokerages recently weighed in on SEAT. Craig Hallum set a $2.00 target price on Vivid Seats in a research note on Tuesday, August 5th. Citigroup restated a “buy” rating and set a $32.00 price target (down previously from $70.00) on shares of Vivid Seats in a research note on Friday, August 8th. Canaccord Genuity Group restated a “hold” rating and set a $23.00 price objective (down previously from $80.00) on shares of Vivid Seats in a report on Wednesday, August 6th. Royal Bank Of Canada lowered their target price on shares of Vivid Seats from $80.00 to $40.00 and set a “sector perform” rating for the company in a research note on Wednesday, May 7th. Finally, William Blair downgraded shares of Vivid Seats from an “outperform” rating to a “market perform” rating in a research report on Tuesday, May 6th.

Institutional Trading of Vivid Seats

Several hedge funds and other institutional investors have recently bought and sold shares of SEAT. Raymond James Financial Inc. acquired a new position in Vivid Seats in the second quarter valued at approximately $35,000. Caption Management LLC increased its holdings in shares of Vivid Seats by 1,470.9% during the 2nd quarter. Caption Management LLC now owns 250,472 shares of the company’s stock valued at $423,000 after purchasing an additional 234,528 shares in the last quarter. Jump Financial LLC acquired a new position in shares of Vivid Seats in the 2nd quarter valued at $32,000. First Trust Advisors LP boosted its holdings in Vivid Seats by 2.7% during the second quarter. First Trust Advisors LP now owns 297,688 shares of the company’s stock worth $503,000 after buying an additional 7,940 shares in the last quarter. Finally, Plan Group Financial LLC grew its position in Vivid Seats by 73.9% during the second quarter. Plan Group Financial LLC now owns 102,670 shares of the company’s stock valued at $174,000 after buying an additional 43,619 shares during the period. 39.92% of the stock is owned by institutional investors and hedge funds.

Vivid Seats Trading Down 3.9%

Shares of SEAT opened at $17.47 on Tuesday. Vivid Seats has a 12 month low of $15.25 and a 12 month high of $100.00. The stock has a fifty day moving average price of $32.51 and a 200-day moving average price of $50.60. The company has a current ratio of 0.72, a quick ratio of 0.63 and a debt-to-equity ratio of 1.77.

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.