783,393 Shares in Vivid Seats Inc. (NASDAQ:SEAT) Purchased by Huber Capital Management LLC

Huber Capital Management LLC bought a new position in Vivid Seats Inc. (NASDAQ:SEAT) in the fourth quarter, HoldingsChannel reports. The fund bought 783,393 shares of the company’s stock, valued at approximately $3,627,000.

A number of other institutional investors have also recently made changes to their positions in the stock. FMR LLC increased its position in Vivid Seats by 3.4% during the third quarter. FMR LLC now owns 5,970,058 shares of the company’s stock valued at $22,089,000 after acquiring an additional 195,625 shares during the last quarter. Emeth Value Capital LLC bought a new stake in shares of Vivid Seats during the 4th quarter valued at about $23,250,000. Vanguard Group Inc. increased its position in shares of Vivid Seats by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 4,897,627 shares of the company’s stock valued at $22,676,000 after purchasing an additional 22,285 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Vivid Seats by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 2,008,228 shares of the company’s stock worth $9,301,000 after purchasing an additional 33,181 shares during the period. Finally, State Street Corp boosted its holdings in shares of Vivid Seats by 3.5% in the third quarter. State Street Corp now owns 1,486,894 shares of the company’s stock worth $5,502,000 after buying an additional 49,870 shares during the last quarter. Hedge funds and other institutional investors own 39.92% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on SEAT. Canaccord Genuity Group reduced their target price on shares of Vivid Seats from $6.00 to $5.00 and set a “buy” rating for the company in a report on Thursday, March 13th. Bank of America reiterated an “underperform” rating and set a $2.60 target price (down from $6.25) on shares of Vivid Seats in a research report on Thursday, March 13th. Royal Bank of Canada decreased their price objective on Vivid Seats from $6.00 to $4.00 and set a “sector perform” rating on the stock in a research note on Thursday, March 13th. Benchmark lowered their price objective 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. Finally, Morgan Stanley reduced their target price on shares of Vivid Seats from $4.60 to $3.75 and set an “equal weight” rating for the company in a report on Thursday, March 13th. One analyst has rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $5.49.

Vivid Seats Trading Up 5.9 %

Shares of NASDAQ:SEAT opened at $3.06 on Thursday. The firm has a fifty day moving average price of $3.84 and a 200 day moving average price of $3.87. Vivid Seats Inc. has a fifty-two week low of $2.51 and a fifty-two week high of $6.09. 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 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.