State Street Corp Grows Position in Vivid Seats Inc. (NASDAQ:SEAT)

State Street Corp grew its stake in shares of Vivid Seats Inc. (NASDAQ:SEAT) by 3.5% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,486,894 shares of the company’s stock after buying an additional 49,870 shares during the period. State Street Corp owned 0.71% of Vivid Seats worth $5,502,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Oppenheimer & Co. Inc. acquired a new position in shares of Vivid Seats during the third quarter worth about $37,000. Principal Financial Group Inc. acquired a new position in shares of Vivid Seats in the second quarter worth about $61,000. Marshall Wace LLP purchased a new position in Vivid Seats in the second quarter valued at about $67,000. Intech Investment Management LLC acquired a new stake in Vivid Seats during the 3rd quarter valued at approximately $87,000. Finally, Ashton Thomas Securities LLC increased its holdings in Vivid Seats by 83.6% during 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 during the last quarter. 39.92% of the stock is currently owned by institutional investors and hedge funds.

Vivid Seats Price Performance

NASDAQ SEAT opened at $3.79 on Friday. Vivid Seats Inc. has a 1 year low of $3.24 and a 1 year high of $6.51. The stock’s 50-day moving average price is $3.67 and its two-hundred day moving average price is $4.26. The company has a market cap of $787.35 million, a PE ratio of 6.36, a PEG ratio of 16.30 and a beta of 1.11. The company has a current ratio of 0.79, a quick ratio of 0.74 and a debt-to-equity ratio of 1.17.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Royal Bank of Canada reduced their target price on Vivid Seats from $7.00 to $6.00 and set a “sector perform” rating for the company in a research note on Monday, November 11th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Vivid Seats from $4.50 to $4.00 and set a “hold” rating for the company in a research report on Monday, November 4th. Maxim Group cut their target price on shares of Vivid Seats from $9.00 to $8.00 and set a “buy” rating on the stock in a report on Monday, November 4th. DA Davidson lowered their target price on Vivid Seats from $6.50 to $6.00 and set a “buy” rating for the company in a report on Thursday, September 12th. Finally, Citigroup lowered their target price on Vivid Seats from $10.00 to $9.00 and set a “buy” rating on the stock in a research report on Friday, September 20th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $6.67.

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.