In a report released on January 10, Brad Erickson from RBC Capital maintained a Hold rating on Vivid Seats (SEAT – Research Report), with a price target of $10.00. The company’s shares closed yesterday at $6.03.
According to TipRanks, Erickson is a 5-star analyst with an average return of 19.9% and a 55.40% success rate. Erickson covers the Consumer Cyclical sector, focusing on stocks such as Amazon, Carvana Co, and Expedia.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Vivid Seats with a $11.57 average price target.
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SEAT market cap is currently $1.32B and has a P/E ratio of 14.81.
Based on the recent corporate insider activity of 63 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SEAT in relation to earlier this year. Last month, Hoya Topco, LLC, a Major Shareholder at SEAT sold 23,575,000.00 shares for a total of $147,108,000.00.
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Vivid Seats (SEAT) Company Description:
Horizon Acquisition Corp is a blank check company.
Read More on SEAT:
- AEG and Vivid Seats Announce LA Kings and LA Galaxy Partnership
- Vivid Seats price target raised to $10.50 from $10 at BofA
- Vivid Seats Announces Closing of Secondary Offering and Share Repurchase, Including Full Exercise of the Underwriters’ Option to Purchase Additional Shares
- Vivid Seats 18.5M share Secondary priced at $6.50
- Vivid Seats Announces Pricing of Secondary Offering and Repurchase of Class A Common Stock
