Stoneridge Investment Partners LLC Takes $53,000 Position in Vivid Seats Inc. (NASDAQ:SEAT)

Stoneridge Investment Partners LLC acquired a new stake in shares of Vivid Seats Inc. (NASDAQ:SEAT) during the fourth quarter, according to its most recent filing with the SEC. The fund acquired 11,520 shares of the company’s stock, valued at approximately $53,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. Stratos Wealth Partners LTD. bought a new stake in shares of Vivid Seats during the fourth quarter valued at about $46,000. Emeth Value Capital LLC purchased a new position in Vivid Seats during the fourth quarter valued at approximately $23,250,000. Exchange Traded Concepts LLC increased its holdings in Vivid Seats by 23.9% during the 4th quarter. Exchange Traded Concepts LLC now owns 123,412 shares of the company’s stock worth $571,000 after acquiring an additional 23,844 shares during the period. SG Americas Securities LLC lifted its stake in Vivid Seats by 8.5% in the 4th quarter. SG Americas Securities LLC now owns 37,065 shares of the company’s stock worth $172,000 after purchasing an additional 2,909 shares in the last quarter. Finally, Barclays PLC boosted its holdings in Vivid Seats by 353.2% in 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. Hedge funds and other institutional investors own 39.92% of the company’s stock.

Vivid Seats Stock Performance

Shares of Vivid Seats stock opened at $4.41 on Friday. The company has a fifty day moving average of $4.13 and a 200-day moving average of $4.08. Vivid Seats Inc. has a 52-week low of $3.24 and a 52-week 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.

Vivid Seats (NASDAQ:SEAT) last announced 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 firm had revenue of $186.61 million for the quarter, compared to analysts’ expectations of $186.61 million. During the same period last year, the firm earned $0.07 earnings per share. Equities analysts forecast that Vivid Seats Inc. will post 0.12 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

SEAT has been the topic of several research analyst reports. Royal Bank of Canada decreased their price target on shares of Vivid Seats from $7.00 to $6.00 and set a “sector perform” rating on the stock in a report on Monday, November 11th. Piper Sandler reaffirmed a “neutral” rating and issued a $4.00 price target (down previously from $5.00) on shares of Vivid Seats in a report on Friday, November 8th. Bank of America reissued a “buy” rating and set a $6.25 price objective on shares of Vivid Seats in a report on Tuesday, December 31st. Maxim Group lowered their target price on shares of 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, Benchmark cut their price target on shares of Vivid Seats from $10.00 to $8.00 and set a “buy” rating for the company in a research note on Friday, November 8th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $6.63.

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.