Vivid Seats Inc. (NASDAQ:SEAT) Shares Acquired by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA boosted its holdings in shares of Vivid Seats Inc. (NASDAQ:SEAT) by 1.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,371,128 shares of the company’s stock after purchasing an additional 77,983 shares during the period. Massachusetts Financial Services Co. MA owned about 2.11% of Vivid Seats worth $25,134,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Clearbridge Investments LLC acquired a new position in Vivid Seats during the fourth quarter valued at $10,815,000. Blackstone Inc. acquired a new position in Vivid Seats during the fourth quarter valued at $4,424,000. HBK Investments L P acquired a new position in Vivid Seats during the fourth quarter valued at $4,424,000. Victory Capital Management Inc. lifted its position in Vivid Seats by 68.4% during the fourth quarter. Victory Capital Management Inc. now owns 35,774 shares of the company’s stock valued at $226,000 after purchasing an additional 14,527 shares during the period. Finally, Janus Henderson Group PLC lifted its position in Vivid Seats by 10.1% during the first quarter. Janus Henderson Group PLC now owns 2,979,885 shares of the company’s stock valued at $17,849,000 after purchasing an additional 273,734 shares during the period. 39.92% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Benchmark decreased their target price on shares of Vivid Seats from $15.00 to $10.00 and set a “buy” rating for the company in a research report on Tuesday, September 10th. DA Davidson decreased their price objective on shares of Vivid Seats from $6.50 to $6.00 and set a “buy” rating for the company in a research report on Thursday, September 12th. Royal Bank of Canada decreased their price objective on shares of Vivid Seats from $8.00 to $7.00 and set a “sector perform” rating for the company in a research report on Wednesday, August 7th. Piper Sandler decreased their price objective on shares of Vivid Seats from $7.00 to $5.00 and set a “neutral” rating for the company in a research report on Wednesday, August 7th. Finally, Citigroup decreased their price objective on shares of Vivid Seats from $10.00 to $9.00 and set a “buy” rating for the company in a research report on Friday. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $7.28.

Vivid Seats Stock Down 4.4 %

SEAT stock opened at $3.69 on Friday. The stock has a market capitalization of $766.24 million, a P/E ratio of 7.60, a P/E/G ratio of 15.64 and a beta of 1.22. The firm has a 50-day simple moving average of $4.51 and a 200-day simple moving average of $5.14. The company has a quick ratio of 0.73, a current ratio of 0.79 and a debt-to-equity ratio of 2.48. Vivid Seats Inc. has a 52 week low of $3.58 and a 52 week high of $8.80.

Vivid Seats (NASDAQ:SEAT) last released its earnings results on Tuesday, August 6th. The company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.08). Vivid Seats had a return on equity of 57.44% and a net margin of 4.73%. The company had revenue of $198.32 million for the quarter, compared to analysts’ expectations of $194.68 million. During the same period in the prior year, the firm earned $0.20 EPS. Equities analysts forecast that Vivid Seats Inc. will post 0.14 earnings per share for the current fiscal year.

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.