Vivid Seats Inc. (NASDAQ:SEAT) Position Lifted by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. grew its stake in shares of Vivid Seats Inc. (NASDAQ:SEAT) by 0.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 741,722 shares of the company’s stock after acquiring an additional 5,828 shares during the period. Charles Schwab Investment Management Inc. owned about 0.36% of Vivid Seats worth $3,434,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of SEAT. Rhumbline Advisers raised its holdings in shares of Vivid Seats by 64.9% during the fourth quarter. Rhumbline Advisers now owns 166,697 shares of the company’s stock worth $772,000 after purchasing an additional 65,620 shares during the period. Emeth Value Capital LLC bought a new position in Vivid Seats in the fourth quarter worth about $23,250,000. Covalent Partners LLC boosted its stake in Vivid Seats by 66.7% in the third quarter. Covalent Partners LLC now owns 375,000 shares of the company’s stock valued at $1,388,000 after acquiring an additional 150,000 shares during the period. Barclays PLC grew its holdings in shares of Vivid Seats by 353.2% during the third quarter. Barclays PLC now owns 125,163 shares of the company’s stock valued at $462,000 after purchasing an additional 97,546 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Vivid Seats by 18.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,975,047 shares of the company’s stock worth $7,309,000 after purchasing an additional 314,482 shares during the period. Institutional investors own 39.92% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Bank of America restated an “underperform” rating and set a $2.60 price objective (down previously from $6.25) on shares of Vivid Seats in a research report on Thursday, March 13th. Benchmark lowered their price target on shares of Vivid Seats from $8.00 to $6.00 and set a “buy” rating for the company in a research report on Thursday, March 13th. Raymond James downgraded shares of Vivid Seats from a “moderate buy” rating to a “hold” rating in a research report on Thursday, March 13th. Royal Bank of Canada decreased their target price on shares of Vivid Seats from $6.00 to $4.00 and set a “sector perform” rating for the company in a research report on Thursday, March 13th. Finally, Canaccord Genuity Group cut their target price on Vivid Seats from $6.00 to $5.00 and set a “buy” rating on the stock in a research note on Thursday, March 13th. One analyst has rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, Vivid Seats presently has a consensus rating of “Hold” and an average price target of $5.49.

Vivid Seats Stock Performance

NASDAQ SEAT opened at $2.97 on Friday. Vivid Seats Inc. has a 1 year low of $2.51 and a 1 year high of $6.09. The business’s fifty day moving average is $3.98 and its two-hundred day moving average is $3.91. The company has a quick ratio of 0.74, a current ratio of 0.79 and a debt-to-equity ratio of 1.17.

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.