Stoneridge Investment Partners LLC Purchases New Position in Vivid Seats Inc. (NASDAQ:SEAT)

Stoneridge Investment Partners LLC acquired a new position in Vivid Seats Inc. (NASDAQ:SEAT) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 11,520 shares of the company’s stock, valued at approximately $53,000.

A number of other large investors have also recently made changes to their positions in SEAT. Charles Schwab Investment Management Inc. lifted its stake in Vivid Seats by 35.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 735,894 shares of the company’s stock worth $2,723,000 after acquiring an additional 194,561 shares during the period. Emeth Value Capital LLC bought a new position in Vivid Seats in the 4th quarter worth $23,250,000. Covalent Partners LLC lifted its position in shares of Vivid Seats by 66.7% in the 3rd quarter. Covalent Partners LLC now owns 375,000 shares of the company’s stock worth $1,388,000 after purchasing an additional 150,000 shares during the period. Geode Capital Management LLC boosted its stake in shares of 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. Finally, Barclays PLC increased its position in shares of Vivid Seats by 353.2% during the third quarter. Barclays PLC now owns 125,163 shares of the company’s stock valued at $462,000 after buying an additional 97,546 shares during the period. 39.92% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

SEAT has been the subject of several research analyst reports. Piper Sandler restated a “neutral” rating and issued a $4.00 price objective (down from $5.00) on shares of Vivid Seats in a report on Friday, November 8th. Royal Bank of Canada dropped their price target on Vivid Seats from $7.00 to $6.00 and set a “sector perform” rating on the stock in a research report on Monday, November 11th. Bank of America reaffirmed a “buy” rating and issued a $6.25 price target on shares of Vivid Seats in a research note on Tuesday, December 31st. Maxim Group lowered their price objective on Vivid Seats from $9.00 to $8.00 and set a “buy” rating for the company in a research report on Monday, November 4th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on shares of Vivid Seats from $4.50 to $4.00 and set a “hold” rating on the stock in a research report on Monday, November 4th. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $6.63.

Vivid Seats Trading Up 2.1 %

SEAT opened at $4.41 on Friday. The stock has a 50-day moving average price of $4.13 and a 200-day moving average price of $4.08. Vivid Seats Inc. has a 1 year low of $3.24 and a 1 year high of $6.41. The company has a quick ratio of 0.74, a current ratio of 0.79 and a debt-to-equity ratio of 1.17.

Vivid Seats (NASDAQ:SEAT) last issued its earnings results on Thursday, November 7th. The company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.01. Vivid Seats had a net margin of 4.56% and a return on equity of 21.29%. The business had revenue of $186.61 million during the quarter, compared to analysts’ expectations of $186.61 million. During the same period in the previous year, the company earned $0.07 earnings per share. On average, equities research analysts anticipate that Vivid Seats Inc. will post 0.12 EPS for the current fiscal year.

Vivid Seats 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.