Deutsche Bank Aktiengesellschaft Cuts Vivid Seats (NASDAQ:SEAT) Price Target to $4.00

Vivid Seats (NASDAQ:SEAT) had its price target reduced by Deutsche Bank Aktiengesellschaft from $4.50 to $4.00 in a research note issued to investors on Monday morning, Benzinga reports. Deutsche Bank Aktiengesellschaft currently has a hold rating on the stock.

A number of other research analysts have also commented on SEAT. Benchmark reduced their price target on shares of Vivid Seats from $15.00 to $10.00 and set a “buy” rating for the company in a research report on Tuesday, September 10th. Canaccord Genuity Group reduced their price target on shares of Vivid Seats from $8.00 to $7.00 and set a “buy” rating for the company in a research report on Thursday, September 12th. Citigroup dropped their price target on shares of Vivid Seats from $10.00 to $9.00 and set a “buy” rating on the stock in a research note on Friday, September 20th. DA Davidson reduced their price target on shares of Vivid Seats from $6.50 to $6.00 and set a “buy” rating on the stock in a report on Thursday, September 12th. Finally, Craig Hallum cut their price target on shares of Vivid Seats from $10.00 to $8.00 and set a “buy” rating on the stock in a report on Tuesday, September 10th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $7.11.

Vivid Seats Trading Up 0.8 %

NASDAQ:SEAT traded up $0.03 on Monday, reaching $4.02. The company’s stock had a trading volume of 105,017 shares, compared to its average volume of 1,384,826. Vivid Seats has a 1-year low of $3.36 and a 1-year high of $8.80. The company has a quick ratio of 0.73, a current ratio of 0.79 and a debt-to-equity ratio of 2.48. The business’s 50-day moving average price is $4.03 and its two-hundred day moving average price is $4.73.

Vivid Seats (NASDAQ:SEAT) last issued its quarterly earnings results on Tuesday, August 6th. The company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.08). Vivid Seats had a return on equity of 57.44% and a net margin of 4.73%. The business had revenue of $198.32 million for the quarter, compared to analyst estimates of $194.68 million. During the same quarter in the previous year, the business posted $0.20 earnings per share. As a group, equities analysts forecast that Vivid Seats will post 0.14 earnings per share for the current year.

Institutional Trading of Vivid Seats

Hedge funds and other institutional investors have recently bought and sold shares of the business. Ashton Thomas Securities LLC increased its position in shares of Vivid Seats by 83.6% during the third quarter. Ashton Thomas Securities LLC now owns 25,595 shares of the company’s stock worth $95,000 after purchasing an additional 11,655 shares in the last quarter. Equitable Trust Co. acquired a new position in Vivid Seats in the 3rd quarter valued at about $444,000. Harbor Capital Advisors Inc. boosted its holdings in Vivid Seats by 180.0% in 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. Plan Group Financial LLC boosted its holdings in Vivid Seats by 148.0% in the 3rd quarter. Plan Group Financial LLC now owns 32,282 shares of the company’s stock valued at $119,000 after purchasing an additional 19,264 shares in the last quarter. Finally, Exchange Traded Concepts LLC raised its position in shares of Vivid Seats by 3.8% during the 3rd quarter. Exchange Traded Concepts LLC now owns 99,568 shares of the company’s stock worth $368,000 after purchasing an additional 3,676 shares during 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.