Exchange Traded Concepts LLC Has $368,000 Stock Position in Vivid Seats Inc. (NASDAQ:SEAT)

Exchange Traded Concepts LLC lifted its stake in shares of Vivid Seats Inc. (NASDAQ:SEAT) by 3.8% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 99,568 shares of the company’s stock after buying an additional 3,676 shares during the period. Exchange Traded Concepts LLC’s holdings in Vivid Seats were worth $368,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Ameritas Investment Partners Inc. boosted its stake in shares of Vivid Seats by 301.6% during the first quarter. Ameritas Investment Partners Inc. now owns 7,449 shares of the company’s stock valued at $45,000 after purchasing an additional 5,594 shares in the last quarter. Principal Financial Group Inc. acquired a new stake in Vivid Seats during the 2nd quarter worth approximately $61,000. Marshall Wace LLP bought a new stake in Vivid Seats during the 2nd quarter worth approximately $67,000. Entropy Technologies LP acquired a new position in Vivid Seats in the 1st quarter valued at approximately $101,000. Finally, DekaBank Deutsche Girozentrale raised its stake in shares of Vivid Seats by 259.3% during the first quarter. DekaBank Deutsche Girozentrale now owns 20,683 shares of the company’s stock valued at $124,000 after acquiring an additional 14,927 shares during the last quarter. 39.92% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft decreased their price objective on Vivid Seats from $5.50 to $4.50 and set a “hold” rating for the company in a report on Monday, August 12th. Canaccord Genuity Group lowered 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. Benchmark reduced their target price on Vivid Seats from $15.00 to $10.00 and set a “buy” rating on the stock in a report on Tuesday, September 10th. DA Davidson decreased their target price on shares of Vivid Seats from $6.50 to $6.00 and set a “buy” rating for the company in a research report on Thursday, September 12th. Finally, Piper Sandler dropped their price target on shares of Vivid Seats from $7.00 to $5.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 7th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, Vivid Seats has a consensus rating of “Moderate Buy” and a consensus target price of $7.28.

Vivid Seats Stock Up 1.0 %

Vivid Seats stock opened at $4.14 on Friday. The company has a market capitalization of $859.68 million, a PE ratio of 7.31, a PEG ratio of 14.98 and a beta of 1.21. Vivid Seats Inc. has a 12-month low of $3.36 and a 12-month high of $8.80. The firm’s fifty day moving average is $4.09 and its 200 day moving average is $4.87. The company has a quick ratio of 0.73, a current ratio of 0.79 and a debt-to-equity ratio of 2.48.

Vivid Seats (NASDAQ:SEAT) last released its quarterly earnings data on Tuesday, August 6th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.08). Vivid Seats had a return on equity of 57.44% and a net margin of 4.73%. The company had revenue of $198.32 million for the quarter, compared to the consensus estimate of $194.68 million. During the same period last year, the company earned $0.20 EPS. As a group, sell-side analysts predict that Vivid Seats Inc. will post 0.14 EPS for the current fiscal year.

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.