Vivid Seats Inc. $SEAT Shares Purchased by Boston Partners

Boston Partners boosted its holdings in Vivid Seats Inc. (NASDAQ:SEAT) by 7.2% in the 2nd quarter, HoldingsChannel reports. The fund owned 4,784,292 shares of the company’s stock after acquiring an additional 322,461 shares during the quarter. Boston Partners owned about 0.46% of Vivid Seats worth $8,084,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of SEAT. Emeth Value Capital LLC boosted its position in shares of Vivid Seats by 27.4% during the 2nd quarter. Emeth Value Capital LLC now owns 7,642,042 shares of the company’s stock worth $12,915,000 after purchasing an additional 1,644,188 shares in the last quarter. Anson Funds Management LP lifted its stake in shares of Vivid Seats by 88.2% in the first quarter. Anson Funds Management LP now owns 1,173,828 shares of the company’s stock valued at $3,475,000 after purchasing an additional 550,000 shares during the period. Clearline Capital LP boosted its holdings in Vivid Seats by 34.9% during the first quarter. Clearline Capital LP now owns 986,937 shares of the company’s stock worth $2,921,000 after buying an additional 255,337 shares in the last quarter. Nuveen LLC acquired a new position in Vivid Seats during the first quarter worth about $328,000. Finally, Rhumbline Advisers increased its holdings in Vivid Seats by 106.8% in the second quarter. Rhumbline Advisers now owns 203,271 shares of the company’s stock valued at $344,000 after buying an additional 104,972 shares in the last quarter. Institutional investors and hedge funds own 39.92% of the company’s stock.

Vivid Seats Stock Up 5.8%

SEAT opened at $7.70 on Friday. The firm has a market cap of $82.53 million, a P/E ratio of 2.86, a PEG ratio of 2.16 and a beta of 0.87. The business’s fifty day simple moving average is $11.86 and its 200 day simple moving average is $22.91. Vivid Seats Inc. has a 52 week low of $7.04 and a 52 week high of $100.00. The company has a quick ratio of 0.63, a current ratio of 0.72 and a debt-to-equity ratio of 1.77.

Vivid Seats (NASDAQ:SEAT) last announced its earnings results on Thursday, November 6th. The company reported ($1.91) earnings per share for the quarter, missing the consensus estimate of ($1.68) by ($0.23). The firm had revenue of $136.37 million during the quarter, compared to analyst estimates of $131.38 million. Vivid Seats had a negative net margin of 20.35% and a positive return on equity of 8.93%. As a group, equities research analysts anticipate that Vivid Seats Inc. will post 0.12 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

SEAT has been the topic of several research analyst reports. Craig Hallum set a $2.00 price target on Vivid Seats in a research note on Tuesday, August 5th. Citigroup reduced their price objective on Vivid Seats from $13.00 to $10.00 and set a “neutral” rating for the company in a report on Monday, November 17th. Weiss Ratings reissued a “sell (d-)” rating on shares of Vivid Seats in a report on Wednesday, October 8th. Royal Bank Of Canada set a $12.00 price target on Vivid Seats and gave the company a “sector perform” rating in a research report on Friday, November 7th. Finally, Canaccord Genuity Group decreased their price objective on shares of Vivid Seats from $23.00 to $12.00 and set a “hold” rating on the stock in a research report on Friday, November 7th. Two research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $30.13.

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.