Captrust Financial Advisors Buys Shares of 147,157 Vivid Seats Inc. (NASDAQ:SEAT)

Captrust Financial Advisors purchased a new stake in Vivid Seats Inc. (NASDAQ:SEAT - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 147,157 shares of the company's stock, valued at approximately $544,000. Captrust Financial Advisors owned 0.07% of Vivid Seats as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Oppenheimer & Co. Inc. acquired a new position in Vivid Seats during the 3rd quarter valued at $37,000. Principal Financial Group Inc. bought a new stake in shares of Vivid Seats during the second quarter valued at approximately $61,000. Marshall Wace LLP acquired a new position in shares of Vivid Seats in the second quarter valued at $67,000. Price T Rowe Associates Inc. MD acquired a new stake in Vivid Seats during the first quarter worth $128,000. Finally, Intech Investment Management LLC bought a new stake in Vivid Seats in the 3rd quarter valued at $87,000. 39.92% of the stock is currently owned by institutional investors and hedge funds.

Vivid Seats Stock Performance

SEAT traded down $0.21 during mid-day trading on Thursday, reaching $3.37. The stock had a trading volume of 1,351,728 shares, compared to its average volume of 1,397,268. Vivid Seats Inc. has a 52 week low of $3.24 and a 52 week high of $7.17. The company has a quick ratio of 0.74, a current ratio of 0.79 and a debt-to-equity ratio of 1.17. The firm's fifty day simple moving average is $3.73 and its two-hundred day simple moving average is $4.38.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Craig Hallum decreased their target price on shares of Vivid Seats from $10.00 to $8.00 and set a "buy" rating on the stock in a research report on Tuesday, September 10th. DA Davidson lowered their price objective on Vivid Seats from $6.50 to $6.00 and set a "buy" rating on the stock in a research note on Thursday, September 12th. Citigroup cut their target price 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. Benchmark lowered their price target on Vivid Seats from $10.00 to $8.00 and set a "buy" rating on the stock in a research report on Friday, November 8th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on Vivid Seats from $4.50 to $4.00 and set a "hold" rating for the company in a report on Monday, November 4th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $6.67.

About Vivid Seats

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.