Vivid Seats (NASDAQ:SEAT) Stock Rating Upgraded by Wall Street Zen

by · The Markets Daily

Vivid Seats (NASDAQ:SEAT – Get Free Report) was upgraded by analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a note issued to investors on Saturday.

Other analysts also recently issued research reports about the company. Weiss Ratings reiterated a “sell (e+)” rating on shares of Vivid Seats in a research note on Tuesday, June 9th. Morgan Stanley set a $9.25 price objective on Vivid Seats and gave the stock an “equal weight” rating in a research note on Wednesday, June 10th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $9.00 target price (up from $8.00) on shares of Vivid Seats in a report on Wednesday, August 5th. Finally, Benchmark upped their target price on Vivid Seats from $10.00 to $16.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. Two investment analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Vivid Seats has a consensus rating of “Hold” and a consensus price target of $10.21.

Read Our Latest Stock Analysis on SEAT

Vivid Seats Stock Performance

NASDAQ SEAT opened at $7.18 on Friday. Vivid Seats has a 12-month low of $5.06 and a 12-month high of $18.73. The company has a fifty day simple moving average of $7.42 and a two-hundred day simple moving average of $7.21. The stock has a market cap of $80.70 million, a P/E ratio of -0.16 and a beta of 1.08.

Vivid Seats (NASDAQ:SEAT – Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The company reported ($1.30) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.02) by ($0.28). Vivid Seats had a negative net margin of 60.26% and a negative return on equity of 211.26%. The company had revenue of $129.86 million for the quarter, compared to analysts’ expectations of $122.11 million. As a group, sell-side analysts forecast that Vivid Seats will post -4.44 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Jump Financial LLC purchased a new stake in Vivid Seats in the 2nd quarter worth approximately $32,000. Raymond James Financial Inc. acquired a new stake in shares of Vivid Seats during the 2nd quarter worth approximately $35,000. Rangeley Capital LLC purchased a new position in shares of Vivid Seats during the 2nd quarter valued at approximately $42,000. Quantbot Technologies LP purchased a new position in shares of Vivid Seats during the 2nd quarter valued at approximately $43,000. Finally, Great Lakes Advisors LLC acquired a new position in shares of Vivid Seats in the 2nd quarter valued at $68,000. 39.92% of the stock is currently owned by hedge funds and other institutional investors.

About Vivid Seats

(Get Free Report)

Vivid Seats, traded on NASDAQ under the ticker SEAT, operates an online ticket marketplace that connects buyers and sellers of live event tickets. The company specializes in facilitating purchases for sports games, concerts, theater productions and other entertainment experiences. Through its digital platform and mobile application, Vivid Seats offers real-time access to available tickets, transparent pricing and a 100% Buyer Guarantee, which ensures ticket authenticity and timely delivery.

Founded in 2001 and headquartered in Chicago, Illinois, Vivid Seats has grown from a regional reseller into one of North America’s leading ticket marketplaces.

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