Vivid Seats (SEAT)

• Market cap: $374M
• 1 day: 3.64%
• 5 days: 9.62%
• 1 month: -3.72%
• 3 months: -34.63%
• 6 months: -29.98%
• Year to date: -37.09%
• 1 year: -49.11%
• 5 years: -78.49%
• 10 years: -78.49%
• Sector: Communication Services
• Industry: Internet Content & Information

About: Vivid Seats Inc is an online ticket marketplace for connecting fans to live events and artists. It is the official ticketing partner of brands in the entertainment industry providing tickets for sports, concerts, theatres, and comedy events in the United States, Canada and Japan. It operates in two segments namely marketplace and resale. Marketplace segment, act as an intermediary between ticket buyers, sellers, and partners through which company earn revenue from processing ticket sales for live events and facilitating the booking of hotel rooms and packages on websites and mobile applications. Resale segment provides internal research and development support for Skybox and supplements ongoing efforts to deliver software and tools. Majority of revenue is from Marketplace segment.

Employees: 768

Fund manager confidence

Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)

232% more call options, than puts

Call options by funds: $8.15M | Put options by funds: $2.45M

33% more funds holding in top 10

Funds holding in top 10: 3 [Q3] → 4 (+1) [Q4]

27% more capital invested

Capital invested by funds: $427M [Q3] → $543M (+$116M) [Q4]

13% more repeat investments, than reductions

Existing positions increased: 45 | Existing positions reduced: 40

1.78% more ownership

Funds ownership: 87.34% [Q3] → 89.12% (+1.78%) [Q4]

8% less first-time investments, than exits

New positions opened: 24 | Existing positions closed: 26

2% less funds holding

Funds holding: 128 [Q3] → 125 (-3) [Q4]

Research analyst outlook

5 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $2.60 9% downside
• Avg. target: $4.27 50% upside
• High target: $6 111% upside

5 analyst ratings

• positive: 2 40%
• neutral: 2 40%
• negative: 1 20%

RBC Capital Brad Erickson 42% 1-year accuracy 25 / 59 met price target	40% upside $4	Sector Perform Maintained	13 Mar 2025
Morgan Stanley Cameron Mansson-Perrone 60% 1-year accuracy 3 / 5 met price target	32% upside $3.75	Equal-Weight Maintained	13 Mar 2025
Canaccord Genuity Maria Ripps 37% 1-year accuracy 11 / 30 met price target	75% upside $5	Buy Maintained	13 Mar 2025
Benchmark Daniel Kurnos 38% 1-year accuracy 32 / 84 met price target	111% upside $6	Buy Maintained	13 Mar 2025
B of A Securities Curtis Nagle 22% 1-year accuracy 4 / 18 met price target	9% downside $2.60	Underperform Downgraded	13 Mar 2025