Geode Capital Management LLC Has $7.31 Million Holdings in Vivid Seats Inc. (NASDAQ:SEAT)

Geode Capital Management LLC boosted its position in shares of Vivid Seats Inc. (NASDAQ:SEAT) by 18.9% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,975,047 shares of the company’s stock after buying an additional 314,482 shares during the period. Geode Capital Management LLC owned approximately 0.95% of Vivid Seats worth $7,309,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Oppenheimer & Co. Inc. acquired a new stake in shares of Vivid Seats during the 3rd quarter worth approximately $37,000. Principal Financial Group Inc. bought a new stake in Vivid Seats during the second quarter worth $61,000. Marshall Wace LLP bought a new stake in Vivid Seats during the second quarter worth $67,000. Intech Investment Management LLC acquired a new stake in shares of Vivid Seats in the 3rd quarter valued at $87,000. Finally, Ashton Thomas Securities LLC increased its stake in shares of Vivid Seats by 83.6% in the 3rd 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 during the last quarter. 39.92% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on SEAT. Royal Bank of Canada reduced their price objective on Vivid Seats from $7.00 to $6.00 and set a “sector perform” rating on the stock in a research note on Monday, November 11th. Bank of America restated a “buy” rating and issued a $6.25 price target on shares of Vivid Seats in a research note on Tuesday. Craig Hallum lowered their price objective on shares of Vivid Seats from $10.00 to $8.00 and set a “buy” rating for the company in a research report on Tuesday, September 10th. Piper Sandler reissued a “neutral” rating and issued a $4.00 price objective (down previously from $5.00) on shares of Vivid Seats in a research note on Friday, November 8th. Finally, Canaccord Genuity Group decreased their target price on shares of Vivid Seats from $8.00 to $7.00 and set a “buy” rating on the stock in a research note on Thursday, September 12th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, Vivid Seats currently has an average rating of “Moderate Buy” and an average target price of $6.63.

Vivid Seats Price Performance

Shares of NASDAQ:SEAT opened at $4.53 on Friday. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.74 and a current ratio of 0.79. Vivid Seats Inc. has a 52 week low of $3.24 and a 52 week high of $6.51. The firm has a market cap of $941.08 million, a PE ratio of 8.25, a price-to-earnings-growth ratio of 15.89 and a beta of 1.11. The firm’s fifty day moving average is $3.72 and its 200-day moving average is $4.24.

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.