Vivid Seats Inc. (NASDAQ:SEAT) Shares Acquired by EntryPoint Capital LLC

EntryPoint Capital LLC raised its holdings in Vivid Seats Inc. (NASDAQ:SEAT - Free Report) by 617.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 115,976 shares of the company's stock after purchasing an additional 99,802 shares during the period. EntryPoint Capital LLC owned about 0.06% of Vivid Seats worth $537,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Vanguard Group Inc. grew its position in shares of Vivid Seats by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 4,897,627 shares of the company's stock valued at $22,676,000 after purchasing an additional 22,285 shares during the period. KLP Kapitalforvaltning AS purchased a new position in Vivid Seats in the 4th quarter valued at about $57,000. American Century Companies Inc. boosted its holdings in Vivid Seats by 9.6% in the 4th quarter. American Century Companies Inc. now owns 96,396 shares of the company's stock worth $446,000 after buying an additional 8,450 shares during the last quarter. Teacher Retirement System of Texas acquired a new stake in Vivid Seats in the 4th quarter worth about $312,000. Finally, Connor Clark & Lunn Investment Management Ltd. increased its stake in Vivid Seats by 11.2% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 207,056 shares of the company's stock worth $959,000 after buying an additional 20,774 shares in the last quarter. 39.92% of the stock is owned by institutional investors and hedge funds.

Vivid Seats Price Performance

NASDAQ:SEAT traded down $0.04 during trading hours on Friday, hitting $2.93. The company's stock had a trading volume of 1,522,444 shares, compared to its average volume of 1,335,544. Vivid Seats Inc. has a 52-week low of $2.51 and a 52-week high of $6.09. 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 fifty day moving average of $3.94 and a 200-day moving average of $3.89.

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Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on SEAT shares. Royal Bank of Canada lowered their price target on Vivid Seats from $6.00 to $4.00 and set a "sector perform" rating on the stock in a research note on Thursday, March 13th. Bank of America reaffirmed an "underperform" rating and set a $2.60 target price (down previously from $6.25) on shares of Vivid Seats in a report on Thursday, March 13th. Canaccord Genuity Group reduced their target price on shares of Vivid Seats from $6.00 to $5.00 and set a "buy" rating for the company in a research report on Thursday, March 13th. Raymond James lowered shares of Vivid Seats from a "moderate buy" rating to a "hold" rating in a research report on Thursday, March 13th. Finally, Benchmark dropped their price objective on shares of Vivid Seats from $8.00 to $6.00 and set a "buy" rating for the company in a research note on Thursday, March 13th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $5.49.

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.