Huber Capital Management LLC Makes New Investment in Vivid Seats Inc. (NASDAQ:SEAT)

Huber Capital Management LLC purchased a new stake in shares of Vivid Seats Inc. (NASDAQ:SEAT) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 783,393 shares of the company’s stock, valued at approximately $3,627,000. Huber Capital Management LLC owned about 0.38% of Vivid Seats at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Emeth Value Capital LLC purchased a new position in Vivid Seats in the 4th quarter worth $23,250,000. Geode Capital Management LLC boosted its holdings in Vivid Seats by 18.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,975,047 shares of the company’s stock valued at $7,309,000 after acquiring an additional 314,482 shares during the period. FMR LLC boosted its holdings in Vivid Seats by 3.4% during the 3rd 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 period. Charles Schwab Investment Management Inc. grew its position in Vivid Seats by 35.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 735,894 shares of the company’s stock worth $2,723,000 after acquiring an additional 194,561 shares during the last quarter. Finally, Covalent Partners LLC increased its stake in Vivid Seats by 66.7% in the 3rd quarter. Covalent Partners LLC now owns 375,000 shares of the company’s stock worth $1,388,000 after purchasing an additional 150,000 shares during the period. 39.92% of the stock is owned by hedge funds and other institutional investors.

Vivid Seats Stock Performance

Shares of Vivid Seats stock opened at $3.06 on Thursday. Vivid Seats Inc. has a 12 month low of $2.51 and a 12 month high of $6.09. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.79 and a quick ratio of 0.74. The business has a fifty day simple moving average of $3.84 and a two-hundred day simple moving average of $3.87.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on SEAT shares. Canaccord Genuity Group cut their target price on shares of Vivid Seats from $6.00 to $5.00 and set a “buy” rating on the stock in a report on Thursday, March 13th. Royal Bank of Canada cut their price target on shares of Vivid Seats from $6.00 to $4.00 and set a “sector perform” rating on the stock in a report on Thursday, March 13th. Raymond James downgraded shares of Vivid Seats from a “moderate buy” rating to a “hold” rating in a research note on Thursday, March 13th. Benchmark dropped their target price on shares of Vivid Seats from $8.00 to $6.00 and set a “buy” rating for the company in a report on Thursday, March 13th. Finally, 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 report on Thursday, March 13th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, Vivid Seats has an average rating of “Hold” and a consensus target price of $5.49.

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.