5,021,492 Shares in Vivid Seats Inc. (NASDAQ:SEAT) Bought by Emeth Value Capital LLC

Emeth Value Capital LLC purchased a new position in Vivid Seats Inc. (NASDAQ:SEAT - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,021,492 shares of the company's stock, valued at approximately $23,250,000. Vivid Seats accounts for about 18.7% of Emeth Value Capital LLC's investment portfolio, making the stock its 2nd largest position. Emeth Value Capital LLC owned 2.42% of Vivid Seats at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Exchange Traded Concepts LLC grew its stake in shares of Vivid Seats by 23.9% in the fourth quarter. Exchange Traded Concepts LLC now owns 123,412 shares of the company's stock worth $571,000 after acquiring an additional 23,844 shares during the last quarter. SG Americas Securities LLC grew its stake in shares of Vivid Seats by 8.5% in the fourth quarter. SG Americas Securities LLC now owns 37,065 shares of the company's stock worth $172,000 after acquiring an additional 2,909 shares during the last quarter. Barclays PLC grew its stake in shares of Vivid Seats by 353.2% in the third quarter. Barclays PLC now owns 125,163 shares of the company's stock worth $462,000 after acquiring an additional 97,546 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Vivid Seats by 18.9% in the third quarter. Geode Capital Management LLC now owns 1,975,047 shares of the company's stock worth $7,309,000 after acquiring an additional 314,482 shares during the last quarter. Finally, Covalent Partners LLC grew its stake in shares of Vivid Seats by 66.7% in the third quarter. Covalent Partners LLC now owns 375,000 shares of the company's stock worth $1,388,000 after acquiring an additional 150,000 shares during the last quarter. 39.92% of the stock is owned by hedge funds and other institutional investors.

Vivid Seats Stock Performance

SEAT stock opened at $4.36 on Thursday. Vivid Seats Inc. has a fifty-two week low of $3.24 and a fifty-two week high of $6.41. The business's 50-day moving average is $4.01 and its two-hundred day moving average is $4.13. 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 (NASDAQ:SEAT - Get Free Report) last posted its earnings results on Thursday, November 7th. The company reported $0.04 earnings per share for the quarter, beating analysts' consensus estimates of $0.03 by $0.01. Vivid Seats had a return on equity of 21.29% and a net margin of 4.56%. The company had revenue of $186.61 million for the quarter, compared to the consensus estimate of $186.61 million. During the same quarter in the prior year, the company earned $0.07 earnings per share. On average, research analysts forecast that Vivid Seats Inc. will post 0.12 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on SEAT shares. Piper Sandler reaffirmed a "neutral" rating and set a $4.00 price target (down from $5.00) on shares of Vivid Seats in a report on Friday, November 8th. Royal Bank of Canada lowered their price target on Vivid Seats from $7.00 to $6.00 and set a "sector perform" rating on the stock in a report on Monday, November 11th. Benchmark lowered their price target on Vivid Seats from $10.00 to $8.00 and set a "buy" rating on the stock in a report on Friday, November 8th. Maxim Group lowered their price target on Vivid Seats from $9.00 to $8.00 and set a "buy" rating on the stock in a report on Monday, November 4th. Finally, Bank of America reaffirmed a "buy" rating and set a $6.25 price target on shares of Vivid Seats in a report on Tuesday, December 31st. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $6.63.

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.

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