Huber Capital Management LLC Makes New $3.63 Million Investment in Vivid Seats Inc. (NASDAQ:SEAT)

Huber Capital Management LLC purchased a new position in shares of Vivid Seats Inc. (NASDAQ:SEAT - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 783,393 shares of the company's stock, valued at approximately $3,627,000. Huber Capital Management LLC owned approximately 0.38% of Vivid Seats as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. Stratos Wealth Partners LTD. acquired a new position in Vivid Seats during the 4th quarter worth $46,000. Stoneridge Investment Partners LLC acquired a new position in shares of Vivid Seats during the 4th quarter worth about $53,000. Pictet Asset Management Holding SA acquired a new position in shares of Vivid Seats during the 4th quarter worth about $55,000. KLP Kapitalforvaltning AS bought a new stake in Vivid Seats during the 4th quarter valued at approximately $57,000. Finally, Intech Investment Management LLC acquired a new stake in Vivid Seats in the 3rd quarter valued at approximately $87,000. Institutional investors and hedge funds own 39.92% of the company's stock.

Vivid Seats Price Performance

Shares of SEAT traded up $0.01 on Tuesday, hitting $2.50. The company's stock had a trading volume of 885,652 shares, compared to its average volume of 1,345,567. Vivid Seats Inc. has a fifty-two week low of $2.36 and a fifty-two week high of $6.09. The company has a 50 day moving average price of $3.71 and a 200 day moving average price of $3.84. The company has a quick ratio of 0.74, a current ratio of 0.79 and a debt-to-equity ratio of 1.17.

Analyst Ratings Changes

SEAT has been the subject of a number of research analyst reports. Morgan Stanley cut their price objective on shares of Vivid Seats from $4.60 to $3.75 and set an "equal weight" rating for the company in a research report on Thursday, March 13th. Canaccord Genuity Group cut their price target on Vivid Seats from $6.00 to $5.00 and set a "buy" rating for the company in a report on Thursday, March 13th. Raymond James lowered Vivid Seats from a "moderate buy" rating to a "hold" rating in a report on Thursday, March 13th. Royal Bank of Canada cut their target price on Vivid Seats from $6.00 to $4.00 and set a "sector perform" rating for the company in a research note on Thursday, March 13th. Finally, Bank of America restated an "underperform" rating and issued a $2.60 price objective (down previously from $6.25) on shares of Vivid Seats in a research note on Thursday, March 13th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company. According to MarketBeat, Vivid Seats presently has a consensus rating of "Hold" and a consensus target price of $5.49.

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.