Dynamic Technology Lab Private Ltd Invests $521,000 in Vivid Seats Inc. (NASDAQ:SEAT)

Dynamic Technology Lab Private Ltd purchased a new position in Vivid Seats Inc. (NASDAQ:SEAT) during the third quarter, HoldingsChannel reports. The firm purchased 140,818 shares of the company’s stock, valued at approximately $521,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of SEAT. Harbor Capital Advisors Inc. boosted its stake in shares of Vivid Seats by 180.0% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 2,613,619 shares of the company’s stock worth $9,670,000 after buying an additional 1,680,327 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Vivid Seats by 10.4% in the 1st 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 boosted its stake in shares of Vivid Seats by 105.6% in the 2nd 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 raised its holdings in Vivid Seats by 183.4% in the 2nd quarter. Renaissance Technologies LLC now owns 324,228 shares of the company’s stock worth $1,864,000 after purchasing an additional 209,828 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in Vivid Seats by 35.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 735,894 shares of the company’s stock worth $2,723,000 after purchasing an additional 194,561 shares during the period. 39.92% of the stock is currently owned by hedge funds and other institutional investors.

Vivid Seats Price Performance

NASDAQ:SEAT opened at $3.58 on Friday. Vivid Seats Inc. has a one year low of $3.33 and a one year high of $8.79. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.74 and a current ratio of 0.79. The firm has a market cap of $743.71 million, a price-to-earnings ratio of 6.29, a PEG ratio of 15.75 and a beta of 1.18. The firm’s fifty day moving average is $3.77 and its two-hundred day moving average is $4.49.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. DA Davidson decreased their target price on Vivid Seats from $6.50 to $6.00 and set a “buy” rating on the stock in a report on Thursday, September 12th. Deutsche Bank Aktiengesellschaft decreased their target price on Vivid Seats from $4.50 to $4.00 and set a “hold” rating on the stock in a report on Monday, November 4th. Piper Sandler reaffirmed a “neutral” rating and issued a $4.00 target price (down from $5.00) on shares of Vivid Seats in a report on Friday, November 8th. Canaccord Genuity Group decreased their price target on Vivid Seats from $8.00 to $7.00 and set a “buy” rating on the stock in a report on Thursday, September 12th. Finally, Maxim Group reduced their target price on Vivid Seats from $9.00 to $8.00 and set a “buy” rating on the stock in a report on Monday, November 4th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $6.67.

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.