EntryPoint Capital LLC Boosts Stake in Vivid Seats Inc. (NASDAQ:SEAT)

EntryPoint Capital LLC raised its stake in Vivid Seats Inc. (NASDAQ:SEAT) by 617.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 115,976 shares of the company’s stock after acquiring an additional 99,802 shares during the quarter. EntryPoint Capital LLC owned approximately 0.06% of Vivid Seats worth $537,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. FMR LLC boosted its holdings in shares of Vivid Seats by 3.4% during the third quarter. FMR LLC now owns 5,970,058 shares of the company’s stock worth $22,089,000 after purchasing an additional 195,625 shares during the last quarter. Emeth Value Capital LLC purchased a new position in Vivid Seats during the fourth quarter worth about $23,250,000. Vanguard Group Inc. boosted its stake in Vivid Seats by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 4,897,627 shares of the company’s stock worth $22,676,000 after buying an additional 22,285 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in Vivid Seats by 2.9% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 4,496,163 shares of the company’s stock valued at $16,636,000 after buying an additional 125,035 shares during the period. Finally, Geode Capital Management LLC lifted its holdings 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 worth $7,309,000 after acquiring an additional 314,482 shares during the period. 39.92% of the stock is currently owned by hedge funds and other institutional investors.

Vivid Seats Price Performance

SEAT stock opened at $2.75 on Tuesday. The stock’s 50 day moving average is $4.09 and its two-hundred day moving average is $3.93. Vivid Seats Inc. has a 52-week low of $2.51 and a 52-week high of $6.09. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.74 and a current ratio of 0.79.

Analyst Upgrades and Downgrades

SEAT has been the topic of several research analyst reports. Royal Bank of Canada decreased their target price 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. Canaccord Genuity Group dropped their price objective on Vivid Seats from $6.00 to $5.00 and set a “buy” rating for the company in a report on Thursday, March 13th. Morgan Stanley lowered their price target on Vivid Seats from $4.60 to $3.75 and set an “equal weight” rating for the company in a research report on Thursday, March 13th. Bank of America restated an “underperform” rating and issued a $2.60 price objective (down from $6.25) on shares of Vivid Seats in a report on Thursday, March 13th. Finally, Benchmark decreased their target price on Vivid Seats from $8.00 to $6.00 and set a “buy” rating for the company in a report on Thursday, March 13th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $5.49.

About Vivid Seats

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.