Fintel reports that on August 9, 2023, Benchmark maintained coverage of Vivid Seats Inc - (NASDAQ:SEAT) with a Buy recommendation.
Analyst Price Forecast Suggests 64.54% Upside
As of August 2, 2023, the average one-year price target for Vivid Seats Inc - is 12.18. The forecasts range from a low of 9.09 to a high of $21.00. The average price target represents an increase of 64.54% from its latest reported closing price of 7.40.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Vivid Seats Inc - is 632MM, a decrease of 2.56%. The projected annual non-GAAP EPS is 0.41.
What is the Fund Sentiment?
There are 210 funds or institutions reporting positions in Vivid Seats Inc -. This is a decrease of 3 owner(s) or 1.41% in the last quarter. Average portfolio weight of all funds dedicated to SEAT is 0.26%, an increase of 155.41%. Total shares owned by institutions decreased in the last three months by 2.47% to 68,800K shares. 
The put/call ratio of SEAT is 0.15, indicating a bullish outlook.
What are Other Shareholders Doing?
Security Benefit Life Insurance holds 41,342K shares representing 43.06% ownership of the company. No change in the last quarter.
Massachusetts Financial Services holds 4,079K shares representing 4.25% ownership of the company. In it's prior filing, the firm reported owning 4,568K shares, representing a decrease of 11.97%. The firm decreased its portfolio allocation in SEAT by 86.31% over the last quarter.
Janus Henderson Group holds 2,167K shares representing 2.26% ownership of the company. In it's prior filing, the firm reported owning 2,171K shares, representing a decrease of 0.20%. The firm decreased its portfolio allocation in SEAT by 3.72% over the last quarter.
MNDAX - MFS New Discovery Fund A holds 2,145K shares representing 2.23% ownership of the company. In it's prior filing, the firm reported owning 2,404K shares, representing a decrease of 12.10%. The firm decreased its portfolio allocation in SEAT by 9.94% over the last quarter.
JAVTX - Janus Henderson Venture Fund Class T holds 2,074K shares representing 2.16% ownership of the company. No change in the last quarter.
Vivid Seats Background Information
(This description is provided by the company.)
Founded in 2001, Vivid Seats is a leading online ticket marketplace committed to becoming the ultimate partner for connecting fans to the live events, artists, and teams they love. Based on the belief that everyone should "Experience It Live", the Chicago-based company provides exceptional value by providing one of the widest selections of events and tickets in North America and an industry leading Vivid Seats Rewards program where all fans earn on every purchase. Vivid Seats has been chosen as the official ticketing partner by some of the biggest brands in the entertainment industry including ESPN, Rolling Stone, and the Los Angeles Clippers. Through its proprietary software and unique technology, Vivid Seats drives the consumer and business ecosystem for live event ticketing and enables the power of shared experiences to unite people. Vivid Seats is recognized by Newsweek as America’s Best Company for Customer Service in ticketing. Fans who want to have the best live experiences can start by downloading the Vivid Seats mobile app, going to vividseats.com, or calling at 866-848-8499.
Additional reading:
- Vivid Seats Delivers Highest GOV Ever and Expands TAM Internationally Raising Guidance for 2023 Marketplace GOV, Revenues and Adjusted EBITDA
- Vivid Seats Announces Acquisition of Wavedash Leading Online Ticket Marketplace Expands Global Reach into Japan
- Vivid Seats Strengthens Position with Excellent Start to 2023 Q1 2023 Revenues of $161mm (+23% YoY) and Adjusted EBITDA of $42mm (+102% YoY) Raising Guidance for 2023 Marketplace GOV, Revenues and Adjusted EBITDA
- Vivid Seats Wraps Record 2022 and Drives Marketplace Affinity Full Year 2022 Marketplace GOV of $3.2 billion and Revenues of $600 million
- Hoya Intermediate, LLC Second Amended and Restated Limited Liability Company Agreement
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
