State Street Corp Has $5.50 Million Stock Position in Vivid Seats Inc. (NASDAQ:SEAT)

State Street Corp lifted its holdings in Vivid Seats Inc. (NASDAQ:SEAT) by 3.5% in the 3rd quarter, Holdings Channel reports. The firm owned 1,486,894 shares of the company’s stock after buying an additional 49,870 shares during the quarter. State Street Corp’s holdings in Vivid Seats were worth $5,502,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Oppenheimer & Co. Inc. bought a new position in shares of Vivid Seats in the third quarter valued at approximately $37,000. Principal Financial Group Inc. bought a new stake in shares of Vivid Seats in the second quarter valued at approximately $61,000. Marshall Wace LLP acquired a new stake in shares of Vivid Seats in the second quarter worth $67,000. Intech Investment Management LLC acquired a new position in Vivid Seats during the 3rd quarter valued at $87,000. Finally, Ashton Thomas Securities LLC raised its position in shares of Vivid Seats by 83.6% during the third quarter. Ashton Thomas Securities LLC now owns 25,595 shares of the company’s stock valued at $95,000 after buying an additional 11,655 shares during the last quarter. 39.92% of the stock is owned by institutional investors and hedge funds.

Vivid Seats Trading Down 1.3 %

SEAT opened at $3.79 on Friday. Vivid Seats Inc. has a 1-year low of $3.24 and a 1-year high of $6.51. The company has a current ratio of 0.79, a quick ratio of 0.74 and a debt-to-equity ratio of 1.17. The firm has a 50-day moving average price of $3.67 and a two-hundred day moving average price of $4.26. The stock has a market capitalization of $787.35 million, a PE ratio of 6.36, a PEG ratio of 16.30 and a beta of 1.11.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on SEAT. DA Davidson lowered their price objective 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. Royal Bank of Canada cut their price target on shares of Vivid Seats from $7.00 to $6.00 and set a “sector perform” rating for the company in a research note on Monday, November 11th. Benchmark lowered their price objective on Vivid Seats from $10.00 to $8.00 and set a “buy” rating on the stock in a research note on Friday, November 8th. Canaccord Genuity Group cut their target price on Vivid Seats from $8.00 to $7.00 and set a “buy” rating for the company in a research report on Thursday, September 12th. Finally, Maxim Group lowered their price target 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. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $6.67.

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.