Brokerages Set Vivid Seats Inc. (NASDAQ:SEAT) Target Price at $6.67

Shares of Vivid Seats Inc. (NASDAQ:SEAT) have been assigned a consensus recommendation of “Moderate Buy” from the nine ratings firms that are currently covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $6.67.

A number of analysts have recently commented on the company. Craig Hallum cut their price target on Vivid Seats from $10.00 to $8.00 and set a “buy” rating on the stock in a report on Tuesday, September 10th. DA Davidson reduced their price target on Vivid Seats from $6.50 to $6.00 and set a “buy” rating for the company in a research report on Thursday, September 12th. Citigroup decreased their price target on shares of Vivid Seats from $10.00 to $9.00 and set a “buy” rating for the company in a research note on Friday, September 20th. Maxim Group reduced their target price on shares of Vivid Seats from $9.00 to $8.00 and set a “buy” rating for the company in a report on Monday, November 4th. Finally, Royal Bank of Canada decreased 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 report on Monday, November 11th.

Hedge Funds Weigh In On Vivid Seats

A number of hedge funds and other institutional investors have recently bought and sold shares of SEAT. FMR LLC increased its holdings in shares of Vivid Seats by 3.4% in the third 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 grew its stake in Vivid Seats by 2.9% in 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 buying an additional 125,035 shares during the last quarter. Vanguard Group Inc. raised its holdings in Vivid Seats by 10.4% in the 1st quarter. Vanguard Group Inc. now owns 4,336,578 shares of the company’s stock valued at $25,976,000 after acquiring an additional 410,243 shares during the period. Harbor Capital Advisors Inc. lifted its position 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 worth $9,670,000 after acquiring an additional 1,680,327 shares during the last quarter. Finally, Geode Capital Management LLC grew its position 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 valued at $7,309,000 after purchasing an additional 314,482 shares during the last quarter. Institutional investors own 39.92% of the company’s stock.

Vivid Seats Stock Performance

Shares of SEAT opened at $3.38 on Thursday. The firm’s 50 day moving average price is $3.74 and its two-hundred day moving average price is $4.42. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.74 and a current ratio of 0.79. Vivid Seats has a twelve month low of $3.24 and a twelve month high of $7.18. The firm has a market cap of $702.16 million, a P/E ratio of 6.11, a PEG ratio of 15.30 and a beta of 1.11.

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.