Victory Capital Management Inc. Raises Position in Vivid Seats Inc. (NASDAQ:SEAT)

Victory Capital Management Inc. increased its holdings in Vivid Seats Inc. (NASDAQ:SEAT) by 120.8% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 95,242 shares of the company’s stock after buying an additional 52,111 shares during the period. Victory Capital Management Inc.’s holdings in Vivid Seats were worth $352,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in SEAT. Vanguard Group Inc. raised its position in shares of Vivid Seats by 10.4% in the first quarter. Vanguard Group Inc. now owns 4,336,578 shares of the company’s stock worth $25,976,000 after buying an additional 410,243 shares in the last quarter. American International Group Inc. raised its position in Vivid Seats by 203.2% during the first quarter. American International Group Inc. now owns 36,810 shares of the company’s stock valued at $220,000 after purchasing an additional 24,671 shares in the last quarter. Price T Rowe Associates Inc. MD purchased a new stake in Vivid Seats during the first quarter valued at about $128,000. California State Teachers Retirement System raised its position in Vivid Seats by 19.8% during the first quarter. California State Teachers Retirement System now owns 67,612 shares of the company’s stock valued at $405,000 after purchasing an additional 11,188 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale raised its position in 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 purchasing an additional 14,927 shares in the last quarter. Hedge funds and other institutional investors own 39.92% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Benchmark lowered their price target on Vivid Seats from $10.00 to $8.00 and set a “buy” rating on the stock in a research report on Friday, November 8th. Royal Bank of Canada lowered their price target on Vivid Seats from $7.00 to $6.00 and set a “sector perform” rating on the stock in a research report on Monday, November 11th. DA Davidson lowered their price target on Vivid Seats from $6.50 to $6.00 and set a “buy” rating on the stock in a research report on Thursday, September 12th. Deutsche Bank Aktiengesellschaft lowered their price target on Vivid Seats from $4.50 to $4.00 and set a “hold” rating on the stock in a research report on Monday, November 4th. Finally, Citigroup decreased their price objective on Vivid Seats from $10.00 to $9.00 and set a “buy” rating on the stock in a report on Friday, September 20th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $6.67.

Vivid Seats Stock Up 3.5 %

SEAT opened at $3.58 on Friday. Vivid Seats Inc. has a 12 month low of $3.33 and a 12 month high of $8.79. The company has a market cap of $743.71 million, a P/E ratio of 6.29, a P/E/G ratio of 15.75 and a beta of 1.18. The company has a current ratio of 0.79, a quick ratio of 0.74 and a debt-to-equity ratio of 1.17. The business’s 50-day moving average price is $3.77 and its 200-day moving average price is $4.49.

Vivid Seats 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.