Janus Henderson Group PLC Reduces Stake in Vivid Seats Inc. (NASDAQ:SEAT)

Janus Henderson Group PLC reduced its position in shares of Vivid Seats Inc. (NASDAQ:SEAT - Free Report) by 21.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,026,600 shares of the company's stock after selling 827,572 shares during the quarter. Janus Henderson Group PLC owned about 1.45% of Vivid Seats worth $11,198,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Harbor Capital Advisors Inc. raised its position in shares of 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 purchasing an additional 1,680,327 shares during the period. Vanguard Group Inc. raised its holdings in Vivid Seats by 10.4% during the first quarter. Vanguard Group Inc. now owns 4,336,578 shares of the company's stock worth $25,976,000 after buying an additional 410,243 shares during the last quarter. Clearline Capital LP raised its holdings in Vivid Seats by 105.6% during the second quarter. Clearline Capital LP now owns 770,798 shares of the company's stock worth $4,432,000 after buying an additional 395,942 shares during the last quarter. Renaissance Technologies LLC lifted its stake in shares of Vivid Seats by 183.4% in 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 in the last quarter. Finally, FMR LLC grew its holdings in shares of Vivid Seats by 3.4% during the third quarter. FMR LLC now owns 5,970,058 shares of the company's stock valued at $22,089,000 after buying an additional 195,625 shares during the last quarter. Institutional investors own 39.92% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on SEAT. DA Davidson decreased their price target on Vivid Seats from $6.50 to $6.00 and set a "buy" rating for the company in a report on Thursday, September 12th. Piper Sandler reiterated a "neutral" rating and issued a $4.00 target price (down previously from $5.00) on shares of Vivid Seats in a research note on Friday, November 8th. Benchmark lowered their target price on shares of Vivid Seats from $10.00 to $8.00 and set a "buy" rating for the company in a report on Friday, November 8th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Vivid Seats from $4.50 to $4.00 and set a "hold" rating on the stock in a report on Monday, November 4th. Finally, Craig Hallum decreased their price objective on shares of Vivid Seats from $10.00 to $8.00 and set a "buy" rating for the company in a research note on Tuesday, September 10th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $6.67.

Vivid Seats Stock Down 0.3 %

SEAT traded down $0.01 during trading hours on Monday, hitting $3.37. The stock had a trading volume of 1,080,891 shares, compared to its average volume of 1,398,221. Vivid Seats Inc. has a 1 year low of $3.24 and a 1 year high of $7.17. The company's fifty day simple moving average is $3.73 and its 200 day simple moving average is $4.40. The company has a current ratio of 0.79, a quick ratio of 0.74 and a debt-to-equity ratio of 1.17.

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.