Vivid Seats Inc. (NASDAQ:SEAT) Shares Acquired by Barclays PLC

Barclays PLC increased its stake in shares of Vivid Seats Inc. (NASDAQ:SEAT) by 353.2% during the 3rd quarter, Holdings Channel.com reports. The fund owned 125,163 shares of the company’s stock after purchasing an additional 97,546 shares during the quarter. Barclays PLC’s holdings in Vivid Seats were worth $462,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. State Street Corp increased its position in Vivid Seats by 3.5% during the third quarter. State Street Corp now owns 1,486,894 shares of the company’s stock worth $5,502,000 after buying an additional 49,870 shares during the period. Clearline Capital LP grew its position in shares of Vivid Seats by 6.1% during the third quarter. Clearline Capital LP now owns 817,996 shares of the company’s stock worth $3,027,000 after acquiring an additional 47,198 shares during the last quarter. Captrust Financial Advisors acquired a new position in shares of Vivid Seats in the 3rd quarter valued at $544,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Vivid Seats by 23.3% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 89,800 shares of the company’s stock valued at $332,000 after purchasing an additional 16,976 shares during the last quarter. Finally, FMR LLC boosted its stake in Vivid Seats by 3.4% during the 3rd quarter. FMR LLC now owns 5,970,058 shares of the company’s stock worth $22,089,000 after purchasing an additional 195,625 shares during the period. 39.92% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on SEAT. Benchmark decreased their target price on shares of Vivid Seats from $10.00 to $8.00 and set a “buy” rating for the company in a research note on Friday, November 8th. Bank of America reaffirmed a “buy” rating and set a $6.25 price objective on shares of Vivid Seats in a research report on Tuesday. DA Davidson dropped their target price on Vivid Seats from $6.50 to $6.00 and set a “buy” rating on the stock in a report on Thursday, September 12th. Royal Bank of Canada cut their price target on Vivid Seats from $7.00 to $6.00 and set a “sector perform” rating for the company in a research note on Monday, November 11th. Finally, Piper Sandler reiterated a “neutral” rating and issued a $4.00 price objective (down from $5.00) on shares of Vivid Seats in a research report on Friday, November 8th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, Vivid Seats currently has an average rating of “Moderate Buy” and a consensus price target of $6.63.

Vivid Seats Stock Performance

SEAT opened at $4.53 on Friday. The company has a quick ratio of 0.74, a current ratio of 0.79 and a debt-to-equity ratio of 1.17. The firm has a market cap of $941.08 million, a PE ratio of 8.25, a P/E/G ratio of 15.89 and a beta of 1.11. The business has a fifty day simple moving average of $3.72 and a 200-day simple moving average of $4.24. Vivid Seats Inc. has a fifty-two week low of $3.24 and a fifty-two week high of $6.51.

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.