Emeth Value Capital LLC Takes Position in Vivid Seats Inc. (NASDAQ:SEAT)

Emeth Value Capital LLC acquired a new stake in shares of Vivid Seats Inc. (NASDAQ:SEAT) during the fourth quarter, HoldingsChannel reports. The fund acquired 5,021,492 shares of the company’s stock, valued at approximately $23,250,000. Vivid Seats makes up approximately 18.7% of Emeth Value Capital LLC’s holdings, making the stock its 2nd largest holding.

Other large investors have also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. raised its stake 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 purchasing an additional 194,561 shares during the period. Covalent Partners LLC raised its stake in Vivid Seats by 66.7% during the 3rd quarter. Covalent Partners LLC now owns 375,000 shares of the company’s stock valued at $1,388,000 after purchasing an additional 150,000 shares during the period. Geode Capital Management LLC raised its stake in Vivid Seats by 18.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,975,047 shares of the company’s stock valued at $7,309,000 after purchasing an additional 314,482 shares during the period. Barclays PLC raised its stake in Vivid Seats by 353.2% during the 3rd quarter. Barclays PLC now owns 125,163 shares of the company’s stock valued at $462,000 after purchasing an additional 97,546 shares during the period. Finally, Dynamic Technology Lab Private Ltd bought a new stake in Vivid Seats in the 3rd quarter worth approximately $521,000. 39.92% of the stock is owned by hedge funds and other institutional investors.

Vivid Seats Stock Performance

NASDAQ SEAT opened at $4.36 on Thursday. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.79 and a quick ratio of 0.74. The business’s 50 day moving average price is $4.01 and its 200-day moving average price is $4.13. Vivid Seats Inc. has a fifty-two week low of $3.24 and a fifty-two week high of $6.41.

Vivid Seats (NASDAQ:SEAT) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.01. Vivid Seats had a return on equity of 21.29% and a net margin of 4.56%. The company had revenue of $186.61 million during the quarter, compared to analysts’ expectations of $186.61 million. During the same quarter in the previous year, the business earned $0.07 EPS. On average, analysts forecast that Vivid Seats Inc. will post 0.12 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have issued reports on SEAT shares. Benchmark reduced their price objective 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. Deutsche Bank Aktiengesellschaft reduced their price objective on Vivid Seats from $4.50 to $4.00 and set a “hold” rating on the stock in a research note on Monday, November 4th. Bank of America reaffirmed a “buy” rating and issued a $6.25 price objective on shares of Vivid Seats in a research note on Tuesday, December 31st. Maxim Group reduced their price objective on Vivid Seats from $9.00 to $8.00 and set a “buy” rating on the stock in a research note on Monday, November 4th. Finally, 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 note on Friday, November 8th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, Vivid Seats currently has a consensus rating of “Moderate Buy” and a consensus target price of $6.63.

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.