Shares of Vivid Seats Inc. (NASDAQ:SEAT – Get Rating) have earned an average rating of "Moderate Buy" from the ten analysts that are covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $11.78.

Several brokerages have recently weighed in on SEAT. Evercore ISI reduced their target price on shares of Vivid Seats to $8.00 in a research note on Tuesday, November 15th. Royal Bank of Canada reduced their price target on shares of Vivid Seats from $10.50 to $10.00 and set a "sector perform" rating on the stock in a research note on Wednesday, November 9th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Vivid Seats in a research note on Monday, October 3rd. They issued a "hold" rating and a $9.00 price target on the stock. Credit Suisse Group reduced their price target on shares of Vivid Seats from $13.00 to $11.00 and set an "outperform" rating on the stock in a research note on Wednesday, November 9th. Finally, William Blair reaffirmed an "outperform" rating on shares of Vivid Seats in a research note on Wednesday, November 30th.

Insiders Place Their Bets

In other Vivid Seats news, Director Craig A. Dixon sold 4,889 shares of the stock in a transaction dated Thursday, December 29th. The shares were sold at an average price of $7.50, for a total transaction of $36,667.50. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders have sold a total of 8,814 shares of company stock worth $66,969 in the last three months.

Institutional Trading of Vivid Seats

Vivid Seats Stock Performance

SEAT stock opened at $8.30 on Tuesday. Vivid Seats has a 52 week low of $6.48 and a 52 week high of $12.52. The company has a fifty day simple moving average of $7.62 and a two-hundred day simple moving average of $8.05.

Vivid Seats (NASDAQ:SEAT – Get Rating) last announced its earnings results on Tuesday, November 8th. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.01). Vivid Seats had a net margin of 3.66% and a negative return on equity of 2.92%. The firm had revenue of $156.82 million during the quarter, compared to analysts' expectations of $129.31 million. On average, equities analysts predict that Vivid Seats will post 0.46 EPS for the current fiscal year.

Vivid Seats Company Profile

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Vivid Seats Inc operates as an online secondary marketplace for tickets in the United States and Canada. 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 live sports, concerts, and theater shows, and other live events.

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