Vivid Seats Inc. (NASDAQ:SEAT) Shares Sold by Anson Funds Management LP

Anson Funds Management LP lowered its holdings in shares of Vivid Seats Inc. (NASDAQ:SEAT - Free Report) by 55.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,069,819 shares of the company's stock after selling 1,343,984 shares during the quarter. Anson Funds Management LP owned 0.51% of Vivid Seats worth $3,958,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Exchange Traded Concepts LLC increased its stake in Vivid Seats by 3.8% in the third quarter. Exchange Traded Concepts LLC now owns 99,568 shares of the company's stock worth $368,000 after purchasing an additional 3,676 shares during the period. Rhumbline Advisers boosted its position in Vivid Seats by 9.3% in the 2nd quarter. Rhumbline Advisers now owns 93,197 shares of the company's stock valued at $536,000 after buying an additional 7,961 shares during the period. Oppenheimer & Co. Inc. purchased a new stake in shares of Vivid Seats in the third quarter valued at approximately $37,000. American Century Companies Inc. grew its stake in Vivid Seats by 23.1% in the second quarter. American Century Companies Inc. now owns 55,243 shares of the company's stock worth $318,000 after purchasing an additional 10,372 shares in the last quarter. Finally, Principal Financial Group Inc. bought a new stake in Vivid Seats during the 2nd quarter valued at $61,000. Institutional investors own 39.92% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Piper Sandler restated a "neutral" rating and issued a $4.00 price objective (down from $5.00) on shares of Vivid Seats in a report on Friday, November 8th. Benchmark lowered their price target on shares of Vivid Seats from $10.00 to $8.00 and set a "buy" rating for the company in a research report on Friday, November 8th. Royal Bank of Canada cut their price objective on shares of Vivid Seats from $7.00 to $6.00 and set a "sector perform" rating on the stock in a report on Monday, November 11th. Canaccord Genuity Group lowered their target price on Vivid Seats from $8.00 to $7.00 and set a "buy" rating for the company in a report on Thursday, September 12th. Finally, Citigroup reduced their price target on Vivid Seats from $10.00 to $9.00 and set a "buy" rating for the company in a research report on Friday, September 20th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $6.67.

Vivid Seats Stock Performance

NASDAQ SEAT traded up $0.12 during trading hours on Friday, reaching $3.38. The stock had a trading volume of 1,038,454 shares, compared to its average volume of 1,445,193. Vivid Seats Inc. has a 52-week low of $3.24 and a 52-week high of $7.18. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.74 and a current ratio of 0.79. The stock has a market cap of $702.16 million, a P/E ratio of 6.11, a price-to-earnings-growth ratio of 15.30 and a beta of 1.11. The stock has a fifty day moving average of $3.74 and a 200 day moving average of $4.41.

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.