Dynamic Technology Lab Private Ltd bought a new position in shares of Vivid Seats Inc. (NASDAQ:SEAT - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 140,818 shares of the company's stock, valued at approximately $521,000. Dynamic Technology Lab Private Ltd owned 0.07% of Vivid Seats as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of SEAT. Clearline Capital LP boosted its position in Vivid Seats by 105.6% in the 2nd quarter. Clearline Capital LP now owns 770,798 shares of the company's stock worth $4,432,000 after purchasing an additional 395,942 shares in the last quarter. Harbor Capital Advisors Inc. boosted its holdings in Vivid Seats by 180.0% during the third quarter. Harbor Capital Advisors Inc. now owns 2,613,619 shares of the company's stock worth $9,670,000 after buying an additional 1,680,327 shares in the last quarter. Renaissance Technologies LLC grew its position in Vivid Seats by 183.4% during the second quarter. Renaissance Technologies LLC now owns 324,228 shares of the company's stock valued at $1,864,000 after buying an additional 209,828 shares during the period. DekaBank Deutsche Girozentrale increased its holdings in Vivid Seats by 259.3% in the first quarter. DekaBank Deutsche Girozentrale now owns 20,683 shares of the company's stock valued at $124,000 after buying an additional 14,927 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD acquired a new position in shares of Vivid Seats in the first quarter worth about $128,000. 39.92% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently commented on SEAT shares. Citigroup dropped their target price on Vivid Seats from $10.00 to $9.00 and set a "buy" rating on the stock in a research report on Friday, September 20th. Piper Sandler reissued 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 reduced their target price on Vivid Seats from $10.00 to $8.00 and set a "buy" rating for the company in a research note on Friday, November 8th. Royal Bank of Canada dropped their price target on shares of 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. Finally, Canaccord Genuity Group cut their price target on shares of Vivid Seats from $8.00 to $7.00 and set a "buy" rating for the company in a report on Thursday, September 12th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $6.67.
Read Our Latest Stock Analysis on Vivid Seats
Vivid Seats Price Performance
SEAT stock traded up $0.12 during mid-day trading on Friday, reaching $3.58. The company's stock had a trading volume of 1,107,181 shares, compared to its average volume of 1,399,577. The stock has a market cap of $743.71 million, a PE ratio of 6.29, a P/E/G ratio of 15.75 and a beta of 1.18. The company's 50 day moving average is $3.77 and its two-hundred day moving average is $4.49. Vivid Seats Inc. has a fifty-two week low of $3.33 and a fifty-two week high of $8.79. The company has a current ratio of 0.79, a quick ratio of 0.74 and a debt-to-equity ratio of 1.17.
Vivid Seats Profile
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Free Report)
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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