Barclays PLC boosted its holdings in shares of Vivid Seats Inc. (NASDAQ:SEAT - Free Report) by 353.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 125,163 shares of the company's stock after acquiring an additional 97,546 shares during the period. Barclays PLC owned about 0.06% of Vivid Seats worth $462,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently modified their holdings of the business. Oppenheimer & Co. Inc. purchased a new stake in shares of Vivid Seats in the third quarter valued at $37,000. Marshall Wace LLP purchased a new position in Vivid Seats in the 2nd quarter valued at about $67,000. Intech Investment Management LLC purchased a new position in Vivid Seats in the 3rd quarter valued at about $87,000. Ashton Thomas Securities LLC boosted its stake in shares of Vivid Seats by 83.6% during the 3rd quarter. Ashton Thomas Securities LLC now owns 25,595 shares of the company's stock worth $95,000 after purchasing an additional 11,655 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its holdings in shares of Vivid Seats by 57.5% during the second quarter. The Manufacturers Life Insurance Company now owns 30,898 shares of the company's stock worth $178,000 after buying an additional 11,274 shares in the last quarter. Hedge funds and other institutional investors own 39.92% of the company's stock.
Shares of NASDAQ:SEAT opened at $4.78 on Friday. Vivid Seats Inc. has a 12 month low of $3.24 and a 12 month high of $6.41. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.74 and a current ratio of 0.79. The business has a 50-day moving average of $3.86 and a two-hundred day moving average of $4.18.
Several equities analysts recently issued reports on the stock. Citigroup reduced their price objective on shares of Vivid Seats from $10.00 to $9.00 and set a "buy" rating on the stock in a research note on Friday, September 20th. Benchmark decreased their price objective on Vivid Seats from $10.00 to $8.00 and set a "buy" rating on the stock in a report on Friday, November 8th. Piper Sandler reaffirmed a "neutral" rating and issued a $4.00 price objective (down previously from $5.00) on shares of Vivid Seats in a research report on Friday, November 8th. Bank of America reiterated a "buy" rating and set a $6.25 target price on shares of Vivid Seats in a research report on Tuesday, December 31st. Finally, Royal Bank of Canada lowered their price target on Vivid Seats from $7.00 to $6.00 and set a "sector perform" rating for the company in a report on Monday, November 11th. 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 company presently has a consensus rating of "Moderate Buy" and an average price target of $6.63.
View Our Latest Report on 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.
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