Vivid Seats Inc. (NASDAQ:SEAT) Stock Holdings Boosted by SG Americas Securities LLC

SG Americas Securities LLC lifted its position in Vivid Seats Inc. (NASDAQ:SEAT) by 8.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 37,065 shares of the company’s stock after buying an additional 2,909 shares during the quarter. SG Americas Securities LLC’s holdings in Vivid Seats were worth $172,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Oppenheimer & Co. Inc. acquired a new position in Vivid Seats during the third quarter worth about $37,000. Marshall Wace LLP bought a new position in shares of Vivid Seats during the 2nd quarter valued at about $67,000. Intech Investment Management LLC acquired a new position in shares of Vivid Seats in the 3rd quarter worth approximately $87,000. Ashton Thomas Securities LLC raised its holdings in shares of Vivid Seats by 83.6% in the 3rd quarter. Ashton Thomas Securities LLC now owns 25,595 shares of the company’s stock worth $95,000 after purchasing an additional 11,655 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its stake in Vivid Seats by 57.5% during the second quarter. The Manufacturers Life Insurance Company now owns 30,898 shares of the company’s stock valued at $178,000 after purchasing an additional 11,274 shares during the last quarter. Institutional investors and hedge funds own 39.92% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Vivid Seats from $4.50 to $4.00 and set a “hold” rating on the stock in a research report on Monday, November 4th. Piper Sandler restated a “neutral” rating and issued a $4.00 target price (down from $5.00) on shares of Vivid Seats in a report on Friday, November 8th. Maxim Group reduced their target price on Vivid Seats from $9.00 to $8.00 and set a “buy” rating for the company in a report on Monday, November 4th. Royal Bank of Canada dropped their price target on Vivid Seats from $7.00 to $6.00 and set a “sector perform” rating on the stock in a research note on Monday, November 11th. Finally, Bank of America reaffirmed a “buy” rating and set a $6.25 price objective on shares of Vivid Seats in a research note on Tuesday, December 31st. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $6.63.

Vivid Seats Trading Up 2.1 %

Shares of NASDAQ:SEAT opened at $4.41 on Monday. Vivid Seats Inc. has a 12-month low of $3.24 and a 12-month high of $6.41. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.79 and a quick ratio of 0.74. The firm has a fifty day moving average of $4.13 and a two-hundred day moving average of $4.07.

Vivid Seats (NASDAQ:SEAT) last issued its earnings results on Thursday, November 7th. The company reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.01. Vivid Seats had a return on equity of 21.29% and a net margin of 4.56%. The firm had revenue of $186.61 million for the quarter, compared to the consensus estimate of $186.61 million. During the same quarter in the previous year, the company posted $0.07 earnings per share. Equities analysts predict that Vivid Seats Inc. will post 0.12 earnings per share for the current year.

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.