Ashton Thomas Securities LLC Increases Holdings in Vivid Seats Inc. (NASDAQ:SEAT)

Ashton Thomas Securities LLC increased its stake in shares of Vivid Seats Inc. (NASDAQ:SEAT) by 206.8% during the fourth quarter, HoldingsChannel.com reports. The firm owned 78,526 shares of the company’s stock after buying an additional 52,931 shares during the period. Ashton Thomas Securities LLC’s holdings in Vivid Seats were worth $364,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in SEAT. EntryPoint Capital LLC lifted its holdings in shares of Vivid Seats by 617.1% in the fourth quarter. EntryPoint Capital LLC now owns 115,976 shares of the company’s stock worth $537,000 after buying an additional 99,802 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Vivid Seats by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 4,897,627 shares of the company’s stock valued at $22,676,000 after purchasing an additional 22,285 shares in the last quarter. KLP Kapitalforvaltning AS bought a new position in shares of Vivid Seats in the fourth quarter worth $57,000. American Century Companies Inc. raised its position in shares of Vivid Seats by 9.6% in the fourth quarter. American Century Companies Inc. now owns 96,396 shares of the company’s stock worth $446,000 after buying an additional 8,450 shares in the last quarter. Finally, Teacher Retirement System of Texas bought a new stake in Vivid Seats during the fourth quarter valued at $312,000. Institutional investors own 39.92% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on SEAT. Morgan Stanley decreased their target price on Vivid Seats from $4.60 to $3.75 and set an “equal weight” rating on the stock in a research note on Thursday, March 13th. Benchmark decreased their price objective on shares of Vivid Seats from $8.00 to $6.00 and set a “buy” rating on the stock in a research report on Thursday, March 13th. Raymond James lowered shares of Vivid Seats from a “moderate buy” rating to a “hold” rating in a research report on Thursday, March 13th. Bank of America reissued an “underperform” rating and issued a $2.60 price target (down previously from $6.25) on shares of Vivid Seats in a report on Thursday, March 13th. Finally, Royal Bank of Canada lowered 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 report on Thursday, March 13th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $5.49.

Vivid Seats Price Performance

Vivid Seats stock opened at $2.86 on Wednesday. The firm has a fifty day simple moving average of $4.05 and a two-hundred day simple moving average of $3.92. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.79 and a quick ratio of 0.74. Vivid Seats Inc. has a twelve month low of $2.51 and a twelve month high of $6.09.

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.