Plan Group Financial LLC Acquires 3,048 Shares of Vivid Seats Inc. (NASDAQ:SEAT)

Plan Group Financial LLC lifted its holdings in shares of Vivid Seats Inc. (NASDAQ:SEAT) by 9.4% during the 4th quarter, Holdings Channel.com reports. The firm owned 35,330 shares of the company’s stock after buying an additional 3,048 shares during the quarter. Plan Group Financial LLC’s holdings in Vivid Seats were worth $164,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Emeth Value Capital LLC bought a new position in Vivid Seats during the 4th quarter worth approximately $23,250,000. Harbor Capital Advisors Inc. grew its holdings in shares of Vivid Seats by 180.0% in the third quarter. Harbor Capital Advisors Inc. now owns 2,613,619 shares of the company’s stock worth $9,670,000 after purchasing an additional 1,680,327 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Vivid Seats by 18.9% in the third quarter. Geode Capital Management LLC now owns 1,975,047 shares of the company’s stock worth $7,309,000 after purchasing an additional 314,482 shares during the last quarter. FMR LLC increased its stake in shares of Vivid Seats by 3.4% in the third quarter. FMR LLC now owns 5,970,058 shares of the company’s stock worth $22,089,000 after buying an additional 195,625 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in Vivid Seats by 35.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 735,894 shares of the company’s stock valued at $2,723,000 after buying an additional 194,561 shares during the last quarter. Hedge funds and other institutional investors own 39.92% of the company’s stock.

Vivid Seats Stock Performance

SEAT opened at $4.26 on Wednesday. The company has a quick ratio of 0.74, a current ratio of 0.79 and a debt-to-equity ratio of 1.17. The stock’s 50 day moving average price is $4.25 and its 200-day moving average price is $4.05. Vivid Seats Inc. has a one year low of $3.24 and a one year high of $6.41.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on SEAT. Piper Sandler restated a “neutral” rating and set a $4.00 price target (down previously from $5.00) on shares of Vivid Seats in a report on Friday, November 8th. Royal Bank of Canada decreased their price target on shares of Vivid Seats from $7.00 to $6.00 and set a “sector perform” rating for the company in a research note on Monday, November 11th. Maxim Group lowered their target price on shares of Vivid Seats from $9.00 to $8.00 and set a “buy” rating for the company in a report on Monday, November 4th. Benchmark cut their price target on Vivid Seats from $10.00 to $8.00 and set a “buy” rating on the stock in a research note on Friday, November 8th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on Vivid Seats from $4.50 to $4.00 and set a “hold” rating for the company in a research report on Monday, November 4th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $6.63.

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.