UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys 16,976 Shares of Vivid Seats Inc. (NASDAQ:SEAT)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Vivid Seats Inc. (NASDAQ:SEAT) by 23.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 89,800 shares of the company’s stock after purchasing an additional 16,976 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Vivid Seats were worth $332,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. FMR LLC increased its holdings in Vivid Seats by 3.4% during the 3rd quarter. FMR LLC now owns 5,970,058 shares of the company’s stock worth $22,089,000 after purchasing an additional 195,625 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in Vivid Seats by 2.9% in the third quarter. Massachusetts Financial Services Co. MA now owns 4,496,163 shares of the company’s stock valued at $16,636,000 after acquiring an additional 125,035 shares during the last quarter. Harbor Capital Advisors Inc. lifted its stake in Vivid Seats by 180.0% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 2,613,619 shares of the company’s stock valued at $9,670,000 after purchasing an additional 1,680,327 shares during the last quarter. Clearline Capital LP boosted its stake in shares of Vivid Seats by 105.6% during the 2nd quarter. Clearline Capital LP now owns 770,798 shares of the company’s stock worth $4,432,000 after acquiring an additional 395,942 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Vivid Seats by 35.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 735,894 shares of the company’s stock valued at $2,723,000 after purchasing an additional 194,561 shares during the last quarter. 39.92% of the stock is owned by institutional investors and hedge funds.

Vivid Seats Stock Up 4.1 %

Shares of NASDAQ SEAT opened at $3.52 on Friday. The company’s 50 day moving average price is $3.70 and its 200-day moving average price is $4.31. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.74 and a current ratio of 0.79. Vivid Seats Inc. has a 52-week low of $3.24 and a 52-week high of $6.51. The company has a market capitalization of $731.26 million, a P/E ratio of 6.38, a price-to-earnings-growth ratio of 16.30 and a beta of 1.11.

Analysts Set New Price Targets

SEAT has been the topic of a number of recent research reports. Royal Bank of Canada lowered their target price on 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. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Vivid Seats from $4.50 to $4.00 and set a “hold” rating on the stock in a research report on Monday, November 4th. Maxim Group decreased their target price on Vivid Seats from $9.00 to $8.00 and set a “buy” rating on the stock in a research report on Monday, November 4th. 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, Craig Hallum cut their target price on shares of Vivid Seats from $10.00 to $8.00 and set a “buy” rating on the stock in a research report on Tuesday, September 10th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, Vivid Seats presently has a consensus rating of “Moderate Buy” and an average 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.