Vivid Seats Inc. (NASDAQ:SEAT) Shares Bought by Equitable Trust Co.

Equitable Trust Co. lifted its holdings in Vivid Seats Inc. (NASDAQ:SEAT) by 11.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 133,485 shares of the company’s stock after buying an additional 13,375 shares during the quarter. Equitable Trust Co. owned approximately 0.06% of Vivid Seats worth $618,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. The Manufacturers Life Insurance Company lifted its holdings in shares of Vivid Seats by 57.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 30,898 shares of the company’s stock worth $178,000 after purchasing an additional 11,274 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in Vivid Seats in the second quarter worth $259,000. SG Americas Securities LLC bought a new stake in Vivid Seats in the third quarter valued at $126,000. Exchange Traded Concepts LLC boosted its holdings in shares of Vivid Seats by 3.8% during the third quarter. Exchange Traded Concepts LLC now owns 99,568 shares of the company’s stock valued at $368,000 after acquiring an additional 3,676 shares during the period. Finally, Plan Group Financial LLC grew its position in shares of Vivid Seats by 148.0% during the third quarter. Plan Group Financial LLC now owns 32,282 shares of the company’s stock worth $119,000 after acquiring an additional 19,264 shares during the last quarter. 39.92% of the stock is owned by institutional investors and hedge funds.

Vivid Seats Price Performance

Shares of Vivid Seats stock opened at $4.47 on Wednesday. Vivid Seats Inc. has a 12-month low of $3.24 and a 12-month high of $6.41. 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 fifty day moving average is $4.15 and its 200-day moving average is $4.06.

Analysts Set New Price Targets

Several analysts recently weighed in on SEAT shares. Benchmark cut their price objective on shares of Vivid Seats from $10.00 to $8.00 and set a “buy” rating on the stock in a research report on Friday, November 8th. Piper Sandler reaffirmed 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. Maxim Group decreased their price objective on Vivid Seats from $9.00 to $8.00 and set a “buy” rating for the company in a report on Monday, November 4th. Royal Bank of Canada lowered their target price on shares of Vivid Seats from $7.00 to $6.00 and set a “sector perform” rating on the stock in a research note on Monday, November 11th. Finally, Bank of America reiterated a “buy” rating and set a $6.25 price target on shares of Vivid Seats in a research report on Tuesday, December 31st. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average 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.