Captrust Financial Advisors Takes Position in Vivid Seats Inc. (NASDAQ:SEAT)

Captrust Financial Advisors bought a new stake in Vivid Seats Inc. (NASDAQ:SEAT) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 147,157 shares of the company’s stock, valued at approximately $544,000. Captrust Financial Advisors owned 0.07% of Vivid Seats at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Oppenheimer & Co. Inc. acquired a new position in Vivid Seats in the third quarter worth approximately $37,000. Principal Financial Group Inc. acquired a new position in Vivid Seats in the second quarter worth approximately $61,000. Marshall Wace LLP acquired a new position in Vivid Seats in the second quarter worth approximately $67,000. Price T Rowe Associates Inc. MD acquired a new position in Vivid Seats in the first quarter worth approximately $128,000. Finally, Intech Investment Management LLC acquired a new position in Vivid Seats in the third quarter worth approximately $87,000. Institutional investors and hedge funds own 39.92% of the company’s stock.

Vivid Seats Stock Performance

Shares of NASDAQ:SEAT opened at $3.58 on Thursday. The company has a quick ratio of 0.74, a current ratio of 0.79 and a debt-to-equity ratio of 1.17. Vivid Seats Inc. has a 12-month low of $3.24 and a 12-month high of $7.17. The business’s 50 day moving average is $3.73 and its 200 day moving average is $4.38.

Analyst Upgrades and Downgrades

Several brokerages have commented on SEAT. Benchmark lowered their price target on Vivid Seats from $10.00 to $8.00 and set a “buy” rating on the stock in a report on Friday, November 8th. Piper Sandler reissued 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. Citigroup reduced their price objective 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. Canaccord Genuity Group reduced their price objective on Vivid Seats from $8.00 to $7.00 and set a “buy” rating for the company in a research report on Thursday, September 12th. Finally, Maxim Group reduced their price objective on Vivid Seats from $9.00 to $8.00 and set a “buy” rating for the company in a research report on Monday, November 4th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, Vivid Seats has a consensus rating of “Moderate Buy” and a consensus price target of $6.67.

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.