Harbor Capital Advisors Inc. Has $9.67 Million Stock Position in Vivid Seats Inc. (NASDAQ:SEAT)

Harbor Capital Advisors Inc. increased its holdings in Vivid Seats Inc. (NASDAQ:SEAT - Free Report) by 180.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,613,619 shares of the company's stock after buying an additional 1,680,327 shares during the quarter. Harbor Capital Advisors Inc. owned about 1.26% of Vivid Seats worth $9,670,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in SEAT. Plan Group Financial LLC grew its stake in shares of Vivid Seats by 148.0% in the third quarter. Plan Group Financial LLC now owns 32,282 shares of the company's stock worth $119,000 after purchasing an additional 19,264 shares in the last quarter. Exchange Traded Concepts LLC lifted its holdings 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 purchasing an additional 3,676 shares during the period. SG Americas Securities LLC acquired a new position in Vivid Seats during the 3rd quarter valued at about $126,000. Sanctuary Advisors LLC bought a new stake in shares of Vivid Seats during the 2nd quarter worth about $259,000. Finally, Clearline Capital LP boosted its holdings in shares of Vivid Seats by 105.6% in the second quarter. Clearline Capital LP now owns 770,798 shares of the company's stock valued at $4,432,000 after acquiring an additional 395,942 shares in the last quarter. 39.92% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft decreased their price target on Vivid Seats from $5.50 to $4.50 and set a "hold" rating for the company in a research note on Monday, August 12th. Citigroup cut their price target on shares of Vivid Seats from $10.00 to $9.00 and set a "buy" rating for the company in a report on Friday, September 20th. Piper Sandler lowered their price objective on shares of Vivid Seats from $7.00 to $5.00 and set a "neutral" rating on the stock in a research note on Wednesday, August 7th. Craig Hallum cut their target price 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. Finally, Royal Bank of Canada decreased their price target on shares of Vivid Seats from $8.00 to $7.00 and set a "sector perform" rating on the stock in a research report on Wednesday, August 7th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $7.28.

Vivid Seats Stock Up 1.5 %

NASDAQ:SEAT traded up $0.06 during trading hours on Friday, hitting $4.13. 798,194 shares of the stock traded hands, compared to its average volume of 817,983. The firm has a 50 day moving average price of $4.04 and a 200 day moving average price of $4.74. The firm has a market cap of $859.37 million, a price-to-earnings ratio of 7.40, a PEG ratio of 16.55 and a beta of 1.18. Vivid Seats Inc. has a fifty-two week low of $3.36 and a fifty-two week high of $8.80. The company has a current ratio of 0.79, a quick ratio of 0.73 and a debt-to-equity ratio of 2.48.

Vivid Seats (NASDAQ:SEAT - Get Free Report) last announced its quarterly earnings data on Tuesday, August 6th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.08). Vivid Seats had a return on equity of 57.44% and a net margin of 4.73%. The business had revenue of $198.32 million during the quarter, compared to analysts' expectations of $194.68 million. During the same period in the prior year, the company posted $0.20 earnings per share. Equities research analysts anticipate that Vivid Seats Inc. will post 0.14 earnings per share for the current year.

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.