Vivid Seats Inc. (NASDAQ:SEAT) Stock Position Lifted by EntryPoint Capital LLC

EntryPoint Capital LLC increased its position in shares of Vivid Seats Inc. (NASDAQ:SEAT) by 617.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 115,976 shares of the company’s stock after purchasing an additional 99,802 shares during the quarter. EntryPoint Capital LLC’s holdings in Vivid Seats were worth $537,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Stratos Wealth Partners LTD. acquired a new position in shares of Vivid Seats in the 4th quarter valued at about $46,000. Stoneridge Investment Partners LLC bought a new position in shares of Vivid Seats during the fourth quarter valued at approximately $53,000. KLP Kapitalforvaltning AS bought a new stake in shares of Vivid Seats in the 4th quarter worth approximately $57,000. Intech Investment Management LLC acquired a new position in Vivid Seats during the 3rd quarter valued at approximately $87,000. Finally, Plan Group Financial LLC increased its position in Vivid Seats by 9.4% in the fourth quarter. Plan Group Financial LLC now owns 35,330 shares of the company’s stock worth $164,000 after buying an additional 3,048 shares during the period. 39.92% of the stock is owned by institutional investors and hedge funds.

Vivid Seats Trading Down 2.1 %

NASDAQ:SEAT opened at $2.75 on Tuesday. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.74 and a current ratio of 0.79. The company has a 50-day moving average of $4.09 and a 200-day moving average of $3.93. Vivid Seats Inc. has a twelve month low of $2.51 and a twelve month high of $6.09.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on SEAT shares. Bank of America restated an “underperform” rating and set a $2.60 price target (down previously from $6.25) on shares of Vivid Seats in a research report on Thursday, March 13th. Canaccord Genuity Group cut their price target on Vivid Seats from $6.00 to $5.00 and set a “buy” rating on the stock in a report on Thursday, March 13th. Raymond James lowered Vivid Seats from a “moderate buy” rating to a “hold” rating in a report on Thursday, March 13th. Royal Bank of Canada reduced their price target on Vivid Seats from $6.00 to $4.00 and set a “sector perform” rating for the company in a research report on Thursday, March 13th. Finally, Morgan Stanley reduced their price objective 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 research analyst has rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $5.49.

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.