Victory Capital Management Inc. Has $396,000 Stock Position in Vivid Seats Inc. (NASDAQ:SEAT)

Victory Capital Management Inc. lessened its stake in Vivid Seats Inc. (NASDAQ:SEAT) by 10.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 85,526 shares of the company’s stock after selling 9,716 shares during the quarter. Victory Capital Management Inc.’s holdings in Vivid Seats were worth $396,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Oppenheimer & Co. Inc. acquired a new stake in Vivid Seats in the 3rd quarter valued at about $37,000. Stratos Wealth Partners LTD. acquired a new stake in Vivid Seats in the 4th quarter valued at about $46,000. Stoneridge Investment Partners LLC acquired a new stake in Vivid Seats in the 4th quarter valued at about $53,000. Intech Investment Management LLC acquired a new stake in Vivid Seats in the 3rd quarter valued at about $87,000. Finally, Plan Group Financial LLC increased its position in Vivid Seats by 9.4% in the 4th quarter. Plan Group Financial LLC now owns 35,330 shares of the company’s stock valued at $164,000 after acquiring an additional 3,048 shares in the last quarter. Institutional investors and hedge funds own 39.92% of the company’s stock.

Analyst Ratings Changes

SEAT has been the subject of several research reports. Morgan Stanley lowered their price objective on shares of Vivid Seats from $4.60 to $3.75 and set an “equal weight” rating for the company in a research report on Thursday, March 13th. Raymond James lowered shares of Vivid Seats from a “moderate buy” rating to a “hold” rating in a research note on Thursday, March 13th. Bank of America reaffirmed an “underperform” rating and issued a $2.60 target price (down previously from $6.25) on shares of Vivid Seats in a research note on Thursday, March 13th. Canaccord Genuity Group reduced their target price on shares of Vivid Seats from $6.00 to $5.00 and set a “buy” rating on the stock in a research note on Thursday, March 13th. Finally, Benchmark reduced their target price on shares of Vivid Seats from $8.00 to $6.00 and set a “buy” rating on the stock in a research note on Thursday, March 13th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $5.49.

Vivid Seats Stock Performance

Vivid Seats stock opened at $2.81 on Friday. The company’s 50 day simple moving average is $4.12 and its 200 day simple moving average is $3.95. Vivid Seats Inc. has a fifty-two week low of $2.51 and a fifty-two week high of $6.09. 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 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.