Vivid Seats Inc. (NASDAQ:SEAT) Shares Sold by Boston Partners

Boston Partners reduced its holdings in shares of Vivid Seats Inc. (NASDAQ:SEAT) by 41.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,764,035 shares of the company’s stock after selling 1,235,015 shares during the period. Boston Partners’ holdings in Vivid Seats were worth $8,167,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Emeth Value Capital LLC acquired a new position in shares of Vivid Seats during the fourth quarter valued at about $23,250,000. Geode Capital Management LLC increased its stake in Vivid Seats by 18.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,975,047 shares of the company’s stock valued at $7,309,000 after purchasing an additional 314,482 shares in the last quarter. FMR LLC raised its holdings in shares of Vivid Seats by 3.4% in the third quarter. FMR LLC now owns 5,970,058 shares of the company’s stock worth $22,089,000 after buying an additional 195,625 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Vivid Seats by 35.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 735,894 shares of the company’s stock worth $2,723,000 after buying an additional 194,561 shares during the period. Finally, Covalent Partners LLC grew its holdings in shares of Vivid Seats by 66.7% during the third quarter. Covalent Partners LLC now owns 375,000 shares of the company’s stock valued at $1,388,000 after buying an additional 150,000 shares during the last quarter. 39.92% of the stock is owned by institutional investors and hedge funds.

Vivid Seats Trading Up 4.5 %

SEAT stock opened at $3.01 on Friday. The business has a fifty day moving average of $4.15 and a two-hundred day moving average of $3.97. Vivid Seats Inc. has a 52-week low of $2.51 and a 52-week high of $6.09. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.79 and a quick ratio of 0.74.

Analysts Set New Price Targets

A number of analysts have commented on SEAT shares. Benchmark lowered their price target on Vivid Seats from $8.00 to $6.00 and set a “buy” rating for the company in a research report on Thursday, March 13th. Raymond James lowered Vivid Seats from a “moderate buy” rating to a “hold” rating in a research report on Thursday, March 13th. Morgan Stanley cut their price target on shares of Vivid Seats from $4.60 to $3.75 and set an “equal weight” rating on the stock in a report on Thursday, March 13th. Canaccord Genuity Group decreased their price objective 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. Finally, Royal Bank of Canada cut 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. 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’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price 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.