Plan Group Financial LLC Acquires 3,048 Shares of Vivid Seats Inc. (NASDAQ:SEAT)

Plan Group Financial LLC raised its stake in shares of Vivid Seats Inc. (NASDAQ:SEAT) by 9.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 35,330 shares of the company’s stock after purchasing an additional 3,048 shares during the quarter. Plan Group Financial LLC’s holdings in Vivid Seats were worth $164,000 as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. SG Americas Securities LLC boosted its stake in Vivid Seats by 8.5% in the 4th quarter. SG Americas Securities LLC now owns 37,065 shares of the company’s stock valued at $172,000 after buying an additional 2,909 shares in the last quarter. Oppenheimer & Co. Inc. acquired a new stake in Vivid Seats during the 3rd quarter worth $37,000. Stratos Wealth Partners LTD. bought a new stake in Vivid Seats in the fourth quarter valued at about $46,000. Stoneridge Investment Partners LLC acquired a new stake in shares of Vivid Seats in the 4th quarter valued at approximately $53,000. Finally, Ashton Thomas Securities LLC raised its holdings in Vivid Seats by 83.6% in the third quarter. Ashton Thomas Securities LLC now owns 25,595 shares of the company’s stock worth $95,000 after purchasing an additional 11,655 shares during the period. Institutional investors and hedge funds own 39.92% of the company’s stock.

Vivid Seats Trading Down 2.1 %

NASDAQ:SEAT opened at $4.26 on Wednesday. The company has a quick ratio of 0.74, a current ratio of 0.79 and a debt-to-equity ratio of 1.17. The firm’s 50 day moving average is $4.25 and its 200 day moving average is $4.05. Vivid Seats Inc. has a 12 month low of $3.24 and a 12 month high of $6.41.

Analysts Set New Price Targets

Several brokerages recently issued reports on SEAT. Deutsche Bank Aktiengesellschaft decreased their price objective on Vivid Seats from $4.50 to $4.00 and set a “hold” rating for the company in a research report on Monday, November 4th. Royal Bank of Canada dropped their target price on Vivid Seats from $7.00 to $6.00 and set a “sector perform” rating on the stock in a report on Monday, November 11th. Bank of America reiterated a “buy” rating and issued a $6.25 target price on shares of Vivid Seats in a research note on Tuesday, December 31st. Piper Sandler reaffirmed a “neutral” rating and issued a $4.00 target price (down previously from $5.00) on shares of Vivid Seats in a research report on Friday, November 8th. Finally, Benchmark cut their price objective on shares of Vivid Seats from $10.00 to $8.00 and set a “buy” rating for the company in a report on Friday, November 8th. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $6.63.

About Vivid Seats

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.