Stock of the Week Under $10: Vivid Seats (SEAT)

: SEAT | Vivid Seats, Inc. News, Ratings, and Charts

SEAT – It’s not headline news anymore, because we saw it constantly in 2023, the concert market…aka Taylor Swift…is strong and shows no signs of weakening. As inflation eases and consumers find themselves with a little more disposable income, this market should continue to see a bright future. One company that is taking advantage of this concert/live event business is Vivid Seats.

As market prognosticators called for a recession in 2023, and consumer goods companies faced rocky times, one area that has stayed very strong is the travel and live event market. Need I even mention Taylor Swift…or the Kansas City Chiefs?  

Taking advantage of this strength, Vivid Seats (SEAT) is an online ticket marketplace for event tickets in the US. The market platform, which matches buyers and sellers, serves as a way for retail ticket supply to meet demand. Vivid also has a resale business where the company itself buys tickets and resells through other venues.

You may be more familiar with Vivid’s competition if you’ve purchased any tickets online, Ticketmaster, which is owned by Live Nation Entertainment (LYV). Vivid is attempting to build a loyal customer base itself via a customer loyalty program. The more tickets a customer sells or buys on the platform, they are rewarded with points which can be used to purchase tickets at future events. 

Like Live Nation, Vivid has seen strong growth this past year despite the above mentioned recession, and inflation concerns. It appears the U.S. consumer has remained strong enough to support a broad array of live events, especially in the post pandemic era. 

The shares of Vivid are trading at 14.6x earnings and 13.7x projected earnings, which is still relatively cheap for what is essentially a software platform that can scale up as events, and partnerships, are added to its roster. Shares are also trading at just 3x cash and 6.4x free cash flow.

In its latest earning release the company reported revenue has grown 20% YoY in the quarter. And, adjusted EBITDA was up 18% to $33.4 million. CFO Lawrence Fey said the numbers, “Reflect[ed] strong Vivid Seats execution against a robust market backdrop with broad-based demand strength across performers and teams.”

Vivid should continue to see growth in 2024 as interest rates ease and the inflation burden on consumers ebbs. Additional disposable income would be fuel to an already robust earnings picture for the company. 

What To Do Next?

If you like the stock shared above…then you will love this new special report sharing 3 low priced companies with tremendous upside potential.

3 Stocks to DOUBLE This Year >


SEAT shares were trading at $5.87 per share on Tuesday afternoon, down $0.15 (-2.49%). Year-to-date, SEAT has declined -7.12%, versus a -0.08% rise in the benchmark S&P 500 index during the same period.


About the Author: Jay Soloff


Jay is a former professional market maker who cut his teeth trading on the floor of the CBOE. With more than 20 years of experience trading and investing, his focus is on making professional strategies accessible to everyone, which is exactly what does in his highly profitable POWR Income and POWR Stocks Under $10 investment advisory services. More...


More Resources for the Stocks in this Article

TickerPOWR RatingIndustry RankRank in Industry
SEATGet RatingGet RatingGet Rating
LYVGet RatingGet RatingGet Rating

Most Popular Stories on StockNews.com


Will the Stock Market Winning Streak End in October?

Even with a series of pullbacks and corrections in recent months...the stock market keeps moving higher. In fact, the S&P 500 (SPY) is on a 5 month winning streak. Will that end in October? Steve Reitmeister shares his prediction along with his year end trading plan and top picks. Get the full story below...

3 Top-Rated Telecom Stocks to Buy for 5G Growth

The telecom industry is on the verge of massive growth, fueled by the rapid expansion of 5G technology. Thus, investors looking to capitalize on this trend could consider investing in telecom giants, such as T-Mobile US (TMUS), Verizon Communications (VZ), and AT&T (T), which are well-positioned to ride the 5G wave and deliver solid returns. Learn more…

Is Danaos Corp's Dividend Yield Too Good to Pass Up?

Danaos’ (DAC) current dividend yield is over 3%, making it a suitable portfolio addition for investors looking for passive income. Also, with stable demand, new fleet additions, and expansion, the company has ample growth opportunities. So, let’s analyze whether it is the right time to buy DAC. Read more to find out...

3 Oil & Gas Stocks With High Upside Potential

Owing to robust global demand, continuous OPEC supply cuts, and advancing economic growth, the oil and gas market is experiencing solid growth. Hence, investing in fundamentally solid oil and gas stocks Schlumberger (SLB), Cenovus Energy (CVE), and APA (APA), which are poised for high upside, could be ideal. Read more...

End of 2024 Stock Market Prediction

44 year investment veteran Steve Reitmeister shares his market outlook coming down the home stretch of 2024. This includes a prediction for the S&P 500 (SPY) and his top picks to outperform. Read on below for more...

Read More Stories

More Vivid Seats, Inc. (SEAT) News View All

Event/Date Symbol News Detail Start Price End Price Change POWR Rating
Loading, please wait...
View All SEAT News