Massachusetts Financial Services Co. MA Increases Stake in Vivid Seats Inc. (NASDAQ:SEAT)

Massachusetts Financial Services Co. MA increased its position in shares of Vivid Seats Inc. (NASDAQ:SEAT) by 2.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,496,163 shares of the company’s stock after purchasing an additional 125,035 shares during the period. Massachusetts Financial Services Co. MA’s holdings in Vivid Seats were worth $16,636,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the company. Exchange Traded Concepts LLC boosted its position in shares of Vivid Seats by 3.8% during the third quarter. Exchange Traded Concepts LLC now owns 99,568 shares of the company’s stock valued at $368,000 after buying an additional 3,676 shares during the period. Rhumbline Advisers lifted its stake in shares of Vivid Seats by 9.3% during the 2nd quarter. Rhumbline Advisers now owns 93,197 shares of the company’s stock worth $536,000 after acquiring an additional 7,961 shares during the last quarter. Oppenheimer & Co. Inc. bought a new stake in shares of Vivid Seats during the 3rd quarter worth approximately $37,000. American Century Companies Inc. boosted its holdings in Vivid Seats by 23.1% during the 2nd quarter. American Century Companies Inc. now owns 55,243 shares of the company’s stock valued at $318,000 after acquiring an additional 10,372 shares during the period. Finally, Principal Financial Group Inc. bought a new position in Vivid Seats in the 2nd quarter valued at $61,000. 39.92% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. 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 research note on Friday, November 8th. Maxim Group lowered their price objective on shares of Vivid Seats from $9.00 to $8.00 and set a “buy” rating for the company in a research report on Monday, November 4th. DA Davidson dropped their target price on shares of Vivid Seats from $6.50 to $6.00 and set a “buy” rating on the stock in a research note on Thursday, September 12th. Craig Hallum decreased their price target 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, Deutsche Bank Aktiengesellschaft dropped their price objective on Vivid Seats from $4.50 to $4.00 and set a “hold” rating on the stock in a research note 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 company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $6.67.

Vivid Seats Stock Up 2.3 %

NASDAQ SEAT opened at $3.60 on Tuesday. Vivid Seats Inc. has a 52-week low of $3.33 and a 52-week high of $8.80. The company has a current ratio of 0.79, a quick ratio of 0.74 and a debt-to-equity ratio of 1.17. The firm’s 50 day moving average price is $3.81 and its 200-day moving average price is $4.54.

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.