Vivid Seats Inc. (NASDAQ:SEAT) Stake Boosted by Ashton Thomas Securities LLC

Ashton Thomas Securities LLC increased its position in shares of Vivid Seats Inc. (NASDAQ:SEAT) by 83.6% in the 3rd quarter, Holdings Channel.com reports. The fund owned 25,595 shares of the company’s stock after buying an additional 11,655 shares during the quarter. Ashton Thomas Securities LLC’s holdings in Vivid Seats were worth $95,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Equitable Trust Co. acquired a new position in Vivid Seats in the 3rd quarter worth about $444,000. Harbor Capital Advisors Inc. grew its stake in shares of 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 buying an additional 1,680,327 shares in the last quarter. Plan Group Financial LLC grew its stake in shares of Vivid Seats by 148.0% in the 3rd quarter. Plan Group Financial LLC now owns 32,282 shares of the company’s stock valued at $119,000 after buying an additional 19,264 shares in the last quarter. Exchange Traded Concepts LLC raised its position in Vivid Seats by 3.8% during the third quarter. Exchange Traded Concepts LLC now owns 99,568 shares of the company’s stock valued at $368,000 after acquiring an additional 3,676 shares in the last quarter. Finally, SG Americas Securities LLC bought a new position in Vivid Seats during the third quarter valued at approximately $126,000. Institutional investors and hedge funds own 39.92% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on SEAT shares. Maxim Group decreased their target price on shares of Vivid Seats from $9.00 to $8.00 and set a “buy” rating for the company in a research report on Monday, November 4th. Royal Bank of Canada lowered their target price on shares of Vivid Seats from $7.00 to $6.00 and set a “sector perform” rating on the stock in a research report on Monday. Craig Hallum cut their target price on Vivid Seats from $10.00 to $8.00 and set a “buy” rating on the stock in a report on Tuesday, September 10th. Deutsche Bank Aktiengesellschaft decreased their price target on Vivid Seats from $4.50 to $4.00 and set a “hold” rating for the company in a research note on Monday, November 4th. Finally, DA Davidson reduced their target price on Vivid Seats from $6.50 to $6.00 and set a “buy” rating for the company in a report on Thursday, September 12th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $6.67.

Vivid Seats Stock Performance

Shares of NASDAQ SEAT opened at $3.93 on Wednesday. Vivid Seats Inc. has a 12 month low of $3.36 and a 12 month high of $8.80. The company has a quick ratio of 0.73, a current ratio of 0.79 and a debt-to-equity ratio of 2.48. The company has a market cap of $817.77 million, a P/E ratio of 6.80, a P/E/G ratio of 15.31 and a beta of 1.18. The business’s 50 day moving average is $3.94 and its two-hundred day moving average is $4.64.

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.