Ashton Thomas Securities LLC Has $364,000 Holdings in Vivid Seats Inc. (NASDAQ:SEAT)

Ashton Thomas Securities LLC lifted its holdings in Vivid Seats Inc. (NASDAQ:SEAT) by 206.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 78,526 shares of the company’s stock after acquiring an additional 52,931 shares during the period. Ashton Thomas Securities LLC’s holdings in Vivid Seats were worth $364,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Stratos Wealth Partners LTD. acquired a new stake in shares of Vivid Seats in the 4th quarter valued at about $46,000. Stoneridge Investment Partners LLC acquired a new stake in Vivid Seats in the fourth quarter valued at approximately $53,000. KLP Kapitalforvaltning AS bought a new stake in shares of Vivid Seats during the fourth quarter valued at approximately $57,000. Intech Investment Management LLC acquired a new position in shares of Vivid Seats during the third quarter worth approximately $87,000. Finally, Plan Group Financial LLC lifted its holdings in shares of Vivid Seats by 9.4% in the 4th quarter. Plan Group Financial LLC now owns 35,330 shares of the company’s stock worth $164,000 after purchasing an additional 3,048 shares in the last quarter. 39.92% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Canaccord Genuity Group lowered their price objective on shares of Vivid Seats from $6.00 to $5.00 and set a “buy” rating on the stock in a report on Thursday, March 13th. Morgan Stanley lowered their target price on shares of Vivid Seats from $4.60 to $3.75 and set an “equal weight” rating on the stock in a report on Thursday, March 13th. Bank of America reiterated an “underperform” rating and set a $2.60 price target (down previously from $6.25) on shares of Vivid Seats in a research note on Thursday, March 13th. Raymond James downgraded Vivid Seats from a “moderate buy” rating to a “hold” rating in a research note on Thursday, March 13th. Finally, Benchmark cut their target price on Vivid Seats from $8.00 to $6.00 and set a “buy” rating on the stock in a research report on Thursday, March 13th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $5.49.

Vivid Seats Stock Up 4.0 %

Shares of Vivid Seats stock opened at $2.86 on Wednesday. The stock has a fifty day moving average price of $4.05 and a 200-day moving average price of $3.92. 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 Inc. has a 1 year low of $2.51 and a 1 year high of $6.09.

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.