Plan Group Financial LLC Purchases 19,264 Shares of Vivid Seats Inc. (NASDAQ:SEAT)

Plan Group Financial LLC raised its position in Vivid Seats Inc. (NASDAQ:SEAT) by 148.0% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 32,282 shares of the company’s stock after purchasing an additional 19,264 shares during the period. Plan Group Financial LLC’s holdings in Vivid Seats were worth $119,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the company. Massachusetts Financial Services Co. MA increased its position in shares of Vivid Seats by 1.8% during the second quarter. Massachusetts Financial Services Co. MA now owns 4,371,128 shares of the company’s stock worth $25,134,000 after acquiring an additional 77,983 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Vivid Seats by 10.4% during the first quarter. Vanguard Group Inc. now owns 4,336,578 shares of the company’s stock worth $25,976,000 after acquiring an additional 410,243 shares in the last quarter. Janus Henderson Group PLC increased its position in shares of Vivid Seats by 10.1% during the first quarter. Janus Henderson Group PLC now owns 2,979,885 shares of the company’s stock worth $17,849,000 after acquiring an additional 273,734 shares in the last quarter. Anson Funds Management LP increased its position in shares of Vivid Seats by 66.5% during the first quarter. Anson Funds Management LP now owns 2,695,424 shares of the company’s stock worth $16,146,000 after acquiring an additional 1,076,271 shares in the last quarter. Finally, Clearbridge Investments LLC increased its position in shares of Vivid Seats by 17.6% during the first quarter. Clearbridge Investments LLC now owns 2,012,878 shares of the company’s stock worth $12,057,000 after acquiring an additional 301,623 shares in the last quarter. Institutional investors own 39.92% of the company’s stock.

Wall Street Analyst Weigh In

SEAT has been the subject of several research reports. Canaccord Genuity Group lowered their price objective on shares of Vivid Seats from $8.00 to $7.00 and set a “buy” rating for the company in a research report on Thursday, September 12th. Benchmark reduced their target price on shares of Vivid Seats from $15.00 to $10.00 and set a “buy” rating for the company in a report on Tuesday, September 10th. Piper Sandler reduced their target price on shares of Vivid Seats from $7.00 to $5.00 and set a “neutral” rating for the company in a report on Wednesday, August 7th. Royal Bank of Canada reduced their target price on shares of Vivid Seats from $8.00 to $7.00 and set a “sector perform” rating for the company in a report on Wednesday, August 7th. Finally, Citigroup reduced their target price on shares of Vivid Seats from $10.00 to $9.00 and set a “buy” rating for the company in a report on Friday, September 20th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Vivid Seats has an average rating of “Moderate Buy” and an average price target of $7.28.

Vivid Seats Stock Performance

NASDAQ SEAT opened at $3.95 on Wednesday. The firm has a 50-day moving average of $4.09 and a 200-day moving average of $4.83. The company has a debt-to-equity ratio of 2.48, a quick ratio of 0.73 and a current ratio of 0.79. The stock has a market cap of $820.23 million, a PE ratio of 7.31, a P/E/G ratio of 14.98 and a beta of 1.21. Vivid Seats Inc. has a 52-week low of $3.36 and a 52-week high of $8.80.

Vivid Seats (NASDAQ:SEAT) last posted its earnings results on Tuesday, August 6th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.08). The company had revenue of $198.32 million for the quarter, compared to analyst estimates of $194.68 million. Vivid Seats had a return on equity of 57.44% and a net margin of 4.73%. During the same quarter in the prior year, the business posted $0.20 EPS. On average, sell-side analysts anticipate that Vivid Seats Inc. will post 0.14 EPS for the current year.

Vivid Seats Company 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.