Vivid Seats Inc. (NASDAQ:SEAT) Stock Position Lifted by Ashton Thomas Securities LLC

Ashton Thomas Securities LLC lifted its stake in shares of Vivid Seats Inc. (NASDAQ:SEAT) by 83.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 25,595 shares of the company’s stock after purchasing an additional 11,655 shares during the quarter. Ashton Thomas Securities LLC’s holdings in Vivid Seats were worth $95,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Equitable Trust Co. bought a new stake in Vivid Seats during the third quarter worth approximately $444,000. Harbor Capital Advisors Inc. raised 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 in the last quarter. Plan Group Financial LLC lifted its holdings in shares of Vivid Seats by 148.0% in the third quarter. Plan Group Financial LLC now owns 32,282 shares of the company’s stock valued at $119,000 after buying an additional 19,264 shares during the period. Exchange Traded Concepts LLC boosted its stake in 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 in the last quarter. Finally, SG Americas Securities LLC acquired a new position in Vivid Seats during the third quarter worth about $126,000. Institutional investors and hedge funds own 39.92% of the company’s stock.

Vivid Seats Stock Up 1.6 %

NASDAQ:SEAT opened at $3.93 on Wednesday. The business’s fifty day moving average price is $3.94 and its 200 day moving average price is $4.64. The firm has a market capitalization of $817.77 million, a price-to-earnings ratio of 6.80, a PEG ratio of 15.31 and a beta of 1.18. The company has a current ratio of 0.79, a quick ratio of 0.73 and a debt-to-equity ratio of 2.48. Vivid Seats Inc. has a 1-year low of $3.36 and a 1-year high of $8.80.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Maxim Group reduced 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. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Vivid Seats from $4.50 to $4.00 and set a “hold” rating for the company in a report on Monday, November 4th. Benchmark dropped their price target on Vivid Seats from $10.00 to $8.00 and set a “buy” rating on the stock in a report on Friday, November 8th. Citigroup reduced their price objective on Vivid Seats from $10.00 to $9.00 and set a “buy” rating for the company in a research note on Friday, September 20th. Finally, Royal Bank of Canada reduced their target price on Vivid Seats from $7.00 to $6.00 and set a “sector perform” rating for the company in a report on Monday. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, Vivid Seats presently has a consensus rating of “Moderate Buy” and an average price target of $6.67.

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.