Vivid Seats (NASDAQ:SEAT) Trading 4.8% Higher

Shares of Vivid Seats Inc. (NASDAQ:SEAT) rose 4.8% during mid-day trading on Thursday . The company traded as high as $5.87 and last traded at $5.86. Approximately 335,067 shares changed hands during mid-day trading, a decline of 79% from the average daily volume of 1,567,825 shares. The stock had previously closed at $5.59.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Benchmark restated a “buy” rating and issued a $15.00 price objective on shares of Vivid Seats in a research report on Wednesday, March 6th. Royal Bank of Canada reduced their price objective on shares of Vivid Seats from $10.00 to $8.00 and set a “sector perform” rating on the stock in a research report on Wednesday, March 6th. Craig Hallum assumed coverage on shares of Vivid Seats in a research note on Friday, February 9th. They set a “buy” rating and a $10.00 target price for the company. Finally, Maxim Group assumed coverage on shares of Vivid Seats in a research note on Wednesday. They issued a “buy” rating and a $7.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $9.94.

Vivid Seats Trading Up 4.3 %

The company has a quick ratio of 0.46, a current ratio of 0.50 and a debt-to-equity ratio of 2.52. The stock’s 50 day moving average is $5.80 and its 200-day moving average is $6.31. The company has a market cap of $1.23 billion, a PE ratio of 10.16, a P/E/G ratio of 2.45 and a beta of 1.20.

Institutional Trading of Vivid Seats

A number of large investors have recently made changes to their positions in the business. Boston Partners purchased a new position in Vivid Seats in the third quarter worth about $10,436,000. Brandywine Global Investment Management LLC boosted its holdings in shares of Vivid Seats by 8.2% in the 3rd quarter. Brandywine Global Investment Management LLC now owns 1,515,576 shares of the company’s stock worth $9,730,000 after purchasing an additional 114,815 shares during the period. M&T Bank Corp bought a new position in shares of Vivid Seats during the 3rd quarter valued at approximately $460,000. Acadian Asset Management LLC increased its position in shares of Vivid Seats by 235.3% during the 3rd quarter. Acadian Asset Management LLC now owns 90,840 shares of the company’s stock valued at $581,000 after purchasing an additional 63,745 shares during the last quarter. Finally, FMR LLC raised its holdings in Vivid Seats by 6.8% during the 3rd quarter. FMR LLC now owns 3,520,887 shares of the company’s stock valued at $22,604,000 after buying an additional 223,676 shares during the period. 39.92% of the stock is currently owned by institutional investors.

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.