Vivid Seats Inc. (NASDAQ:SEAT) Given Consensus Recommendation of “Hold” by Brokerages

Vivid Seats Inc. (NASDAQ:SEAT) has earned an average rating of “Hold” from the twelve ratings firms that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $5.49.

A number of research firms recently weighed in on SEAT. Bank of America restated an “underperform” rating and set a $2.60 price target (down from $6.25) on shares of Vivid Seats in a research report on Thursday, March 13th. Benchmark lowered their target price on Vivid Seats from $8.00 to $6.00 and set a “buy” rating on the stock in a report on Thursday, March 13th. Canaccord Genuity Group cut their price target on Vivid Seats from $6.00 to $5.00 and set a “buy” rating for the company in a report on Thursday, March 13th. Raymond James lowered Vivid Seats from a “moderate buy” rating to a “hold” rating in a research note on Thursday, March 13th. Finally, Royal Bank of Canada cut their target price on Vivid Seats from $6.00 to $4.00 and set a “sector perform” rating for the company in a research note on Thursday, March 13th.

Institutional Trading of Vivid Seats

A number of hedge funds and other institutional investors have recently modified their holdings of SEAT. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Vivid Seats by 61.8% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 145,278 shares of the company’s stock worth $673,000 after buying an additional 55,478 shares during the period. Wolverine Trading LLC acquired a new position in shares of Vivid Seats in the 4th quarter worth approximately $84,000. Shay Capital LLC boosted its position in shares of Vivid Seats by 1,650.0% during the 4th quarter. Shay Capital LLC now owns 203,000 shares of the company’s stock worth $940,000 after purchasing an additional 191,400 shares during the period. Silver Rock Financial LP increased its holdings in Vivid Seats by 9.6% in the 4th quarter. Silver Rock Financial LP now owns 1,138,896 shares of the company’s stock valued at $5,273,000 after purchasing an additional 100,000 shares during the last quarter. Finally, Deutsche Bank AG raised its position in Vivid Seats by 72.9% in the fourth quarter. Deutsche Bank AG now owns 73,648 shares of the company’s stock valued at $341,000 after purchasing an additional 31,053 shares during the period. 39.92% of the stock is owned by institutional investors and hedge funds.

Vivid Seats Stock Performance

Shares of SEAT opened at $2.45 on Wednesday. Vivid Seats has a 52-week low of $2.36 and a 52-week high of $6.09. The firm’s fifty day moving average is $3.63 and its two-hundred day moving average is $3.82. The company has a quick ratio of 0.74, a current ratio of 0.79 and a debt-to-equity ratio of 1.17.

About Vivid Seats

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.