Analysts Set Vivid Seats Inc. (NASDAQ:SEAT) Target Price at $6.63

Shares of Vivid Seats Inc. (NASDAQ:SEAT) have received a consensus recommendation of “Moderate Buy” from the ten analysts that are presently covering the company, MarketBeat.com reports. Three equities research 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 issued a report on the stock in the last year is $6.63.

A number of analysts recently commented on SEAT shares. Maxim Group lowered their target price 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. Benchmark lowered their target price on shares of Vivid Seats from $10.00 to $8.00 and set a “buy” rating for the company in a research note on Friday, November 8th. Piper Sandler reiterated a “neutral” rating and issued a $4.00 target price (down from $5.00) on shares of Vivid Seats in a research note on Friday, November 8th. Bank of America reiterated a “buy” rating and issued a $6.25 target price on shares of Vivid Seats in a research note on Tuesday, December 31st. Finally, Royal Bank of Canada lowered their target price on shares of Vivid Seats from $7.00 to $6.00 and set a “sector perform” rating for the company in a research note on Monday, November 11th.

Vivid Seats Stock Up 0.2 %

NASDAQ:SEAT opened at $4.33 on Tuesday. Vivid Seats has a fifty-two week low of $3.24 and a fifty-two week 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 company’s 50-day simple moving average is $4.31 and its 200-day simple moving average is $4.05.

Institutional Trading of Vivid Seats

Several institutional investors and hedge funds have recently bought and sold shares of the business. FMR LLC lifted its stake in Vivid Seats by 3.4% during the 3rd 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 purchased a new position in shares of Vivid Seats during the 4th quarter valued at approximately $23,250,000. Vanguard Group Inc. increased its holdings in shares of Vivid Seats by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 4,897,627 shares of the company’s stock valued at $22,676,000 after purchasing an additional 22,285 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of Vivid Seats by 2.9% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 4,496,163 shares of the company’s stock valued at $16,636,000 after purchasing an additional 125,035 shares in the last quarter. Finally, Harbor Capital Advisors Inc. increased its holdings in shares of Vivid Seats by 180.0% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 2,613,619 shares of the company’s stock valued at $9,670,000 after purchasing an additional 1,680,327 shares in the last quarter. 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.