Emeth Value Capital LLC Has $6.45 Million Stock Position in Vivid Seats Inc. $SEAT

Emeth Value Capital LLC trimmed its holdings in shares of Vivid Seats Inc. (NASDAQ:SEAT) by 94.9% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 388,311 shares of the company’s stock after selling 7,253,731 shares during the period. Vivid Seats makes up about 6.3% of Emeth Value Capital LLC’s investment portfolio, making the stock its 5th largest position. Emeth Value Capital LLC’s holdings in Vivid Seats were worth $6,454,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Rangeley Capital LLC bought a new stake in shares of Vivid Seats during the 2nd quarter valued at about $42,000. Ameriprise Financial Inc. raised its stake in Vivid Seats by 10.7% in the second quarter. Ameriprise Financial Inc. now owns 2,222,751 shares of the company’s stock valued at $3,756,000 after purchasing an additional 215,057 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Vivid Seats during the second quarter valued at approximately $35,000. Caption Management LLC grew its stake in Vivid Seats by 1,470.9% in the 2nd quarter. Caption Management LLC now owns 250,472 shares of the company’s stock worth $423,000 after buying an additional 234,528 shares in the last quarter. Finally, Jump Financial LLC purchased a new position in Vivid Seats in the 2nd quarter worth approximately $32,000. 39.92% of the stock is currently owned by institutional investors.

Vivid Seats Stock Down 2.9%

Shares of NASDAQ:SEAT opened at $7.00 on Friday. The stock has a market capitalization of $75.11 million, a P/E ratio of 2.60 and a beta of 0.90. The stock’s 50-day moving average price is $8.43 and its 200-day moving average price is $17.74. The company has a current ratio of 0.67, a quick ratio of 0.60 and a debt-to-equity ratio of 1.41. Vivid Seats Inc. has a 12-month low of $6.15 and a 12-month high of $100.00.

Vivid Seats (NASDAQ:SEAT) last issued 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). Vivid Seats had a negative net margin of 24.08% and a positive return on equity of 4.50%. The company had revenue of $136.37 million for the quarter, compared to analysts’ expectations of $131.38 million. On average, equities analysts anticipate that Vivid Seats Inc. will post 0.12 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on SEAT shares. Canaccord Genuity Group dropped their price objective on shares of Vivid Seats from $23.00 to $12.00 and set a “hold” rating for the company in a report on Friday, November 7th. Royal Bank Of Canada set a $12.00 price target on Vivid Seats and gave the stock a “sector perform” rating in a research note on Friday, November 7th. Benchmark reiterated a “buy” rating and issued a $18.00 price objective (down from $26.00) on shares of Vivid Seats in a report on Friday, November 7th. Citigroup decreased their price objective on Vivid Seats from $13.00 to $10.00 and set a “neutral” rating on the stock in a report on Monday, November 17th. Finally, Morgan Stanley set a $9.00 target price on Vivid Seats in a research report on Thursday, December 18th. Two investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $21.88.

Vivid Seats Profile

Vivid Seats, traded on NASDAQ under the ticker SEAT, operates an online ticket marketplace that connects buyers and sellers of live event tickets. The company specializes in facilitating purchases for sports games, concerts, theater productions and other entertainment experiences. Through its digital platform and mobile application, Vivid Seats offers real-time access to available tickets, transparent pricing and a 100% Buyer Guarantee, which ensures ticket authenticity and timely delivery.

Founded in 2001 and headquartered in Chicago, Illinois, Vivid Seats has grown from a regional reseller into one of North America’s leading ticket marketplaces.