Captrust Financial Advisors Buys Shares of 147,157 Vivid Seats Inc. (NASDAQ:SEAT)

Captrust Financial Advisors bought a new stake in shares of Vivid Seats Inc. (NASDAQ:SEAT) during the 3rd quarter, HoldingsChannel reports. The firm bought 147,157 shares of the company’s stock, valued at approximately $544,000.

Other institutional investors have also added to or reduced their stakes in the company. Exchange Traded Concepts LLC boosted its stake in shares of Vivid Seats by 3.8% in the 3rd quarter. Exchange Traded Concepts LLC now owns 99,568 shares of the company’s stock worth $368,000 after buying an additional 3,676 shares during the last quarter. Rhumbline Advisers boosted its stake in shares of Vivid Seats by 9.3% in the 2nd quarter. Rhumbline Advisers now owns 93,197 shares of the company’s stock worth $536,000 after buying an additional 7,961 shares during the last quarter. Oppenheimer & Co. Inc. purchased a new position in shares of Vivid Seats in the 3rd quarter worth $37,000. American Century Companies Inc. boosted its stake in shares of Vivid Seats by 23.1% in the 2nd quarter. American Century Companies Inc. now owns 55,243 shares of the company’s stock worth $318,000 after buying an additional 10,372 shares during the last quarter. Finally, Principal Financial Group Inc. purchased a new position in shares of Vivid Seats in the 2nd quarter worth $61,000. 39.92% of the stock is currently owned by hedge funds and other institutional investors.

Vivid Seats Price Performance

Shares of NASDAQ:SEAT opened at $3.58 on Thursday. Vivid Seats Inc. has a 52 week low of $3.24 and a 52 week high of $7.17. The company’s 50 day moving average is $3.73 and its two-hundred day moving average is $4.38. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.79 and a quick ratio of 0.74.

Analyst Upgrades and Downgrades

SEAT has been the topic of a number of research reports. Maxim Group dropped their price target 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. Deutsche Bank Aktiengesellschaft lowered their target price on Vivid Seats from $4.50 to $4.00 and set a “hold” rating on the stock in a research report on Monday, November 4th. Canaccord Genuity Group lowered their target price on Vivid Seats from $8.00 to $7.00 and set a “buy” rating on the stock in a research report on Thursday, September 12th. Piper Sandler reiterated a “neutral” rating and set a $4.00 target price (down from $5.00) on shares of Vivid Seats in a research report on Friday, November 8th. Finally, DA Davidson lowered their target price on Vivid Seats from $6.50 to $6.00 and set a “buy” rating on the stock in a research report on Thursday, September 12th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, Vivid Seats currently has a consensus rating of “Moderate Buy” and a consensus price target of $6.67.

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.