Royce & Associates LP Sells 7,391 Shares of Vivid Seats Inc. (NASDAQ:SEAT)

Royce & Associates LP lessened its position in shares of Vivid Seats Inc. (NASDAQ:SEAT) by 41.0% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,643 shares of the company’s stock after selling 7,391 shares during the period. Royce & Associates LP’s holdings in Vivid Seats were worth $39,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of SEAT. Harbor Capital Advisors Inc. lifted its stake in shares of Vivid Seats by 180.0% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 2,613,619 shares of the company’s stock valued at $9,670,000 after purchasing an additional 1,680,327 shares during the period. Invenomic Capital Management LP increased its stake in shares of Vivid Seats by 289.4% in the 1st quarter. Invenomic Capital Management LP now owns 1,539,194 shares of the company’s stock valued at $9,220,000 after acquiring an additional 1,143,870 shares in the last quarter. First Sabrepoint Capital Management LP bought a new position in Vivid Seats during the first quarter worth $5,690,000. Vanguard Group Inc. grew its holdings in Vivid Seats by 10.4% in the first quarter. Vanguard Group Inc. now owns 4,336,578 shares of the company’s stock worth $25,976,000 after purchasing an additional 410,243 shares during the period. Finally, Clearline Capital LP increased its stake in Vivid Seats by 105.6% in the second quarter. Clearline Capital LP now owns 770,798 shares of the company’s stock valued at $4,432,000 after purchasing an additional 395,942 shares in the last quarter. Institutional investors and hedge funds own 39.92% of the company’s stock.

Vivid Seats Stock Down 0.3 %

NASDAQ SEAT opened at $3.63 on Thursday. The business’s fifty day moving average is $3.84 and its 200-day moving average is $4.58. The company has a current ratio of 0.79, a quick ratio of 0.74 and a debt-to-equity ratio of 1.17. Vivid Seats Inc. has a one year low of $3.33 and a one year high of $8.80.

Wall Street Analyst Weigh In

Several research analysts have issued reports on SEAT shares. Royal Bank of Canada cut their price target on Vivid Seats from $7.00 to $6.00 and set a “sector perform” rating on the stock in a report on Monday, November 11th. Benchmark lowered their target price on shares of Vivid Seats from $10.00 to $8.00 and set a “buy” rating on the stock in a report on Friday, November 8th. DA Davidson lowered their price objective on Vivid Seats from $6.50 to $6.00 and set a “buy” rating for the company in a research note on Thursday, September 12th. Deutsche Bank Aktiengesellschaft cut their target price on Vivid Seats from $4.50 to $4.00 and set a “hold” rating on the stock in a research report on Monday, November 4th. Finally, Citigroup lowered their price target on Vivid Seats from $10.00 to $9.00 and set a “buy” rating for the company in a research report on Friday, September 20th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $6.67.

Vivid Seats Profile

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.