Vivid Seats (NASDAQ:SEAT) Given New $8.00 Price Target at Maxim Group

Vivid Seats (NASDAQ:SEAT) had its price objective trimmed by Maxim Group from $9.00 to $8.00 in a research note issued to investors on Monday, MarketBeat reports. The brokerage currently has a buy rating on the stock.

SEAT has been the topic of a number of other research reports. Benchmark decreased their price objective on shares of Vivid Seats from $15.00 to $10.00 and set a “buy” rating on the stock in a research report on Tuesday, September 10th. Craig Hallum lowered their price target on Vivid Seats from $10.00 to $8.00 and set a “buy” rating for the company in a research report on Tuesday, September 10th. Piper Sandler reduced their target price on Vivid Seats from $7.00 to $5.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 7th. Canaccord Genuity Group decreased their target price on Vivid Seats from $8.00 to $7.00 and set a “buy” rating for the company in a report on Thursday, September 12th. Finally, Royal Bank of Canada cut their price target on shares of Vivid Seats from $8.00 to $7.00 and set a “sector perform” rating on the stock in a report on Wednesday, August 7th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, Vivid Seats has an average rating of “Moderate Buy” and an average target price of $7.11.

Vivid Seats Trading Up 2.5 %

Shares of SEAT opened at $4.11 on Monday. Vivid Seats has a fifty-two week low of $3.36 and a fifty-two week high of $8.80. The firm has a market cap of $855.21 million, a price-to-earnings ratio of 7.25, a PEG ratio of 16.22 and a beta of 1.18. The firm has a 50 day moving average price of $4.01 and a 200-day moving average price of $4.71. The company has a debt-to-equity ratio of 2.48, a quick ratio of 0.73 and a current ratio of 0.79.

Vivid Seats (NASDAQ:SEAT) last released its quarterly earnings data 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 net margin of 4.73% and a return on equity of 57.44%. The company had revenue of $198.32 million for the quarter, compared to analysts’ expectations of $194.68 million. During the same period last year, the company posted $0.20 EPS. As a group, equities research analysts forecast that Vivid Seats will post 0.14 earnings per share for the current year.

Institutional Investors Weigh In On Vivid Seats

Hedge funds and other institutional investors have recently bought and sold shares of the business. Ameritas Investment Partners Inc. grew its stake in shares of Vivid Seats by 301.6% in the 1st quarter. Ameritas Investment Partners Inc. now owns 7,449 shares of the company’s stock worth $45,000 after buying an additional 5,594 shares during the last quarter. Oppenheimer & Co. Inc. bought a new position in shares of Vivid Seats during the third quarter valued at $37,000. Principal Financial Group Inc. purchased a new position in shares of Vivid Seats in the 2nd quarter worth about $61,000. Marshall Wace LLP bought a new position in Vivid Seats in the 2nd quarter worth about $67,000. Finally, Entropy Technologies LP purchased a new stake in Vivid Seats during the 1st quarter valued at about $101,000. Hedge funds and other institutional investors own 39.92% of the company’s stock.

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.