Vivid Seats (SEAT) Set to Announce Earnings on Tuesday

Vivid Seats (NASDAQ:SEAT) is scheduled to post its quarterly earnings results before the market opens on Tuesday, May 7th. Analysts expect Vivid Seats to post earnings of $0.05 per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Vivid Seats Price Performance

NASDAQ:SEAT opened at $5.59 on Monday. Vivid Seats has a 12 month low of $5.11 and a 12 month high of $9.89. The stock has a 50 day moving average of $5.72 and a two-hundred day moving average of $6.24. The company has a current ratio of 0.50, a quick ratio of 0.46 and a debt-to-equity ratio of 2.52. The firm has a market cap of $1.17 billion, a P/E ratio of 9.98, a price-to-earnings-growth ratio of 2.63 and a beta of 1.23.

Analysts Set New Price Targets

Several brokerages have recently weighed in on SEAT. Benchmark restated a “buy” rating and set a $15.00 target price on shares of Vivid Seats in a report on Wednesday, May 1st. Maxim Group began coverage on Vivid Seats in a report on Wednesday, April 17th. They set a “buy” rating and a $7.00 target price on the stock. Royal Bank of Canada lowered their target price on Vivid Seats from $10.00 to $8.00 and set a “sector perform” rating on the stock in a report on Wednesday, March 6th. Finally, Craig Hallum began coverage on Vivid Seats in a report on Friday, February 9th. They set a “buy” rating and a $10.00 target price on the stock. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $9.94.

About Vivid Seats

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.