Vivid Seats Inc. (NASDAQ:SEAT) Shares Bought by Barclays PLC

Barclays PLC raised its holdings in shares of Vivid Seats Inc. (NASDAQ:SEAT) by 353.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 125,163 shares of the company’s stock after buying an additional 97,546 shares during the quarter. Barclays PLC owned about 0.06% of Vivid Seats worth $462,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Oppenheimer & Co. Inc. acquired a new position in Vivid Seats during the third quarter worth about $37,000. Marshall Wace LLP purchased a new position in Vivid Seats in the 2nd quarter worth approximately $67,000. Intech Investment Management LLC acquired a new position in shares of Vivid Seats during the 3rd quarter worth approximately $87,000. Ashton Thomas Securities LLC grew its position in shares of Vivid Seats by 83.6% in the third quarter. Ashton Thomas Securities LLC now owns 25,595 shares of the company’s stock valued at $95,000 after purchasing an additional 11,655 shares in the last quarter. Finally, Plan Group Financial LLC increased its holdings in shares of Vivid Seats by 148.0% in the third quarter. Plan Group Financial LLC now owns 32,282 shares of the company’s stock valued at $119,000 after purchasing an additional 19,264 shares during the last quarter. 39.92% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on SEAT shares. Piper Sandler reissued a “neutral” rating and set a $4.00 price objective (down previously from $5.00) on shares of Vivid Seats in a research note on Friday, November 8th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Vivid Seats from $4.50 to $4.00 and set a “hold” rating for the company in a report on Monday, November 4th. Benchmark reduced their target price on shares of Vivid Seats from $10.00 to $8.00 and set a “buy” rating on the stock in a research note on Friday, November 8th. Royal Bank of Canada decreased their target price on shares of Vivid Seats from $7.00 to $6.00 and set a “sector perform” rating on the stock in a report on Monday, November 11th. Finally, Citigroup cut their price target on shares of Vivid Seats from $10.00 to $9.00 and set a “buy” rating for the company in a report on Friday, September 20th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $6.63.

Vivid Seats Price Performance

Vivid Seats stock opened at $4.78 on Friday. The company’s 50 day simple moving average is $3.86 and its 200-day simple moving average is $4.18. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.79 and a quick ratio of 0.74. Vivid Seats Inc. has a 1 year low of $3.24 and a 1 year high of $6.41.

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.