Vivid Seats Inc. (NASDAQ:SEAT) Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. raised its stake in Vivid Seats Inc. (NASDAQ:SEAT) by 35.9% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 735,894 shares of the company’s stock after purchasing an additional 194,561 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Vivid Seats were worth $2,723,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of SEAT. Harbor Capital Advisors Inc. boosted its stake in Vivid Seats by 180.0% in the third quarter. Harbor Capital Advisors Inc. now owns 2,613,619 shares of the company’s stock valued at $9,670,000 after acquiring an additional 1,680,327 shares in the last quarter. Clearline Capital LP boosted 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 acquiring an additional 395,942 shares in the last quarter. Renaissance Technologies LLC boosted its stake in shares of Vivid Seats by 183.4% during the second quarter. Renaissance Technologies LLC now owns 324,228 shares of the company’s stock worth $1,864,000 after buying an additional 209,828 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in shares of Vivid Seats by 2.9% during the third quarter. Massachusetts Financial Services Co. MA now owns 4,496,163 shares of the company’s stock worth $16,636,000 after buying an additional 125,035 shares during the period. Finally, Equitable Trust Co. acquired a new stake in shares of Vivid Seats during the third quarter worth about $444,000. Institutional investors and hedge funds own 39.92% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Vivid Seats from $4.50 to $4.00 and set a “hold” rating for the company in a research note on Monday, November 4th. Piper Sandler reiterated a “neutral” rating and set a $4.00 target price (down previously from $5.00) on shares of Vivid Seats in a research note on Friday, November 8th. Benchmark cut their price target on shares of Vivid Seats from $10.00 to $8.00 and set a “buy” rating for the company in a report on Friday, November 8th. Canaccord Genuity Group cut their price target on shares of Vivid Seats from $8.00 to $7.00 and set a “buy” rating for the company in a report on Thursday, September 12th. Finally, Craig Hallum cut their price target on shares of Vivid Seats from $10.00 to $8.00 and set a “buy” rating for the company in a report on Tuesday, September 10th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $6.67.

Vivid Seats Stock Up 3.6 %

SEAT stock opened at $3.49 on Monday. 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 fifty-two week low of $3.24 and a fifty-two week high of $7.17. The firm’s 50-day simple moving average is $3.73 and its 200 day simple moving average is $4.36. The stock has a market cap of $725.03 million, a PE ratio of 6.13, a price-to-earnings-growth ratio of 16.30 and a beta of 1.11.

Vivid Seats Company 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.