Marshall Wace LLP Makes New Investment in Vivid Seats Inc. (NASDAQ:SEAT)

Marshall Wace LLP purchased a new position in Vivid Seats Inc. (NASDAQ:SEAT) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 11,700 shares of the company’s stock, valued at approximately $67,000.

Other institutional investors also recently made changes to their positions in the company. Janus Henderson Group PLC boosted its stake in shares of Vivid Seats by 10.1% in the 1st quarter. Janus Henderson Group PLC now owns 2,979,885 shares of the company’s stock valued at $17,849,000 after purchasing an additional 273,734 shares in the last quarter. Clearbridge Investments LLC boosted its stake in shares of Vivid Seats by 17.6% in the 1st quarter. Clearbridge Investments LLC now owns 2,012,878 shares of the company’s stock valued at $12,057,000 after purchasing an additional 301,623 shares in the last quarter. Swiss National Bank boosted its stake in shares of Vivid Seats by 14.0% in the 1st quarter. Swiss National Bank now owns 132,100 shares of the company’s stock valued at $791,000 after purchasing an additional 16,200 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in shares of Vivid Seats in the 1st quarter valued at $230,000. Finally, DekaBank Deutsche Girozentrale boosted its stake in shares of Vivid Seats by 259.3% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 20,683 shares of the company’s stock valued at $124,000 after purchasing an additional 14,927 shares in the last quarter. Hedge funds and other institutional investors own 39.92% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on SEAT shares. Canaccord Genuity Group lowered their price target on shares of Vivid Seats from $8.00 to $7.00 and set a “buy” rating for the company in a report on Thursday, September 12th. Piper Sandler lowered their price target on shares of Vivid Seats from $7.00 to $5.00 and set a “neutral” rating for the company in a report on Wednesday, August 7th. Craig Hallum lowered their price target on shares of Vivid Seats from $10.00 to $8.00 and set a “buy” rating for the company in a report on Tuesday, September 10th. DA Davidson lowered their price target on shares of Vivid Seats from $6.50 to $6.00 and set a “buy” rating for the company in a report on Thursday, September 12th. Finally, Royal Bank of Canada lowered their price target on shares of Vivid Seats from $8.00 to $7.00 and set a “sector perform” rating for the company in a report on Wednesday, August 7th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $7.28.

Vivid Seats Stock Up 3.4 %

NASDAQ:SEAT opened at $3.90 on Monday. The firm’s 50-day moving average price is $4.08 and its 200-day moving average price is $4.93. The company has a market capitalization of $809.84 million, a PE ratio of 6.44, a P/E/G ratio of 14.98 and a beta of 1.21. The company has a debt-to-equity ratio of 2.48, a current ratio of 0.79 and a quick ratio of 0.73. Vivid Seats Inc. has a 1-year low of $3.36 and a 1-year high of $8.80.

Vivid Seats (NASDAQ:SEAT) last released its earnings results on Tuesday, August 6th. The company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.08). The business had revenue of $198.32 million during the quarter, compared to analysts’ expectations of $194.68 million. Vivid Seats had a return on equity of 57.44% and a net margin of 4.73%. During the same period in the prior year, the company earned $0.20 earnings per share. On average, equities analysts predict that Vivid Seats Inc. will post 0.14 EPS for the current fiscal year.

Vivid Seats Company 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.