CenterBook Partners LP Purchases 149,314 Shares of Vivid Seats Inc. (NASDAQ:SEAT)

CenterBook Partners LP lifted its position in shares of Vivid Seats Inc. (NASDAQ:SEAT - Free Report) by 20.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 872,023 shares of the company's stock after purchasing an additional 149,314 shares during the period. CenterBook Partners LP owned about 0.42% of Vivid Seats worth $4,037,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in SEAT. Wells Fargo & Company MN raised its stake in shares of Vivid Seats by 34.8% during the fourth quarter. Wells Fargo & Company MN now owns 52,372 shares of the company's stock valued at $242,000 after acquiring an additional 13,507 shares during the last quarter. Huber Capital Management LLC acquired a new stake in Vivid Seats in the fourth quarter valued at $3,627,000. ExodusPoint Capital Management LP acquired a new position in Vivid Seats during the 4th quarter worth about $213,000. Geode Capital Management LLC grew its position in shares of Vivid Seats by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 2,008,228 shares of the company's stock valued at $9,301,000 after buying an additional 33,181 shares during the last quarter. Finally, Pictet Asset Management Holding SA acquired a new stake in shares of Vivid Seats in the fourth quarter valued at about $55,000. Institutional investors and hedge funds own 39.92% of the company's stock.

Vivid Seats Stock Performance

NASDAQ:SEAT traded down $0.09 during trading on Tuesday, reaching $2.77. The company's stock had a trading volume of 278,020 shares, compared to its average volume of 1,355,774. Vivid Seats Inc. has a 12 month low of $2.36 and a 12 month high of $6.09. The firm has a 50 day moving average of $3.48 and a 200-day moving average of $3.79. The company has a quick ratio of 0.74, a current ratio of 0.79 and a debt-to-equity ratio of 1.17.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on SEAT. Raymond James cut Vivid Seats from a "moderate buy" rating to a "hold" rating in a report on Thursday, March 13th. Royal Bank of Canada reduced their price objective on shares of 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. Canaccord Genuity Group lowered 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 note on Thursday, March 13th. Bank of America reaffirmed an "underperform" rating and set a $2.60 price target (down previously from $6.25) on shares of Vivid Seats in a research report on Thursday, March 13th. Finally, Benchmark dropped their price target on Vivid Seats from $8.00 to $6.00 and set a "buy" rating on the stock 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 issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $5.49.

Vivid Seats Company 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.