Fmr LLC Increases Position in Vivid Seats Inc. (NASDAQ:SEAT)

FMR LLC grew its stake in shares of Vivid Seats Inc. (NASDAQ:SEAT - Free Report) by 3.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,970,058 shares of the company's stock after acquiring an additional 195,625 shares during the period. FMR LLC owned about 2.87% of Vivid Seats worth $22,089,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of SEAT. Exchange Traded Concepts LLC raised 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 buying an additional 3,676 shares in the last quarter. Rhumbline Advisers raised its stake in Vivid Seats by 9.3% in the second quarter. Rhumbline Advisers now owns 93,197 shares of the company's stock worth $536,000 after buying an additional 7,961 shares in the last quarter. Oppenheimer & Co. Inc. bought a new position in Vivid Seats in the third quarter worth approximately $37,000. American Century Companies Inc. raised 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 buying an additional 10,372 shares in the last quarter. Finally, Principal Financial Group Inc. bought a new position in Vivid Seats in the second quarter worth approximately $61,000. Institutional investors own 39.92% of the company's stock.

Analysts Set New Price Targets

SEAT has been the subject of a number of recent research reports. Citigroup reduced their price objective on shares of Vivid Seats from $10.00 to $9.00 and set a "buy" rating for the company in a research note on Friday, September 20th. Maxim Group reduced their price objective on shares of Vivid Seats from $9.00 to $8.00 and set a "buy" rating for the company in a research note on Monday, November 4th. Royal Bank of Canada reduced their price target on Vivid Seats from $7.00 to $6.00 and set a "sector perform" rating on the stock in a research report on Monday, November 11th. Craig Hallum reduced 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 Tuesday, September 10th. Finally, Canaccord Genuity Group reduced their price target on Vivid Seats from $8.00 to $7.00 and set a "buy" rating on the stock in a research report on Thursday, September 12th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, Vivid Seats presently has an average rating of "Moderate Buy" and an average price target of $6.67.

Vivid Seats Stock Performance

Shares of SEAT traded up $0.18 during trading hours on Tuesday, reaching $3.55. 1,333,029 shares of the company traded hands, compared to its average volume of 1,397,943. 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 Inc. has a 12-month low of $3.24 and a 12-month high of $7.17. The business has a fifty day moving average price of $3.73 and a 200-day moving average price of $4.39.

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.