Clearline Capital LP Acquires 47,198 Shares of Vivid Seats Inc. (NASDAQ:SEAT)

Clearline Capital LP lifted its holdings in shares of Vivid Seats Inc. (NASDAQ:SEAT) by 6.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 817,996 shares of the company’s stock after buying an additional 47,198 shares during the period. Clearline Capital LP owned about 0.39% of Vivid Seats worth $3,027,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Harbor Capital Advisors Inc. increased its position in shares of Vivid Seats by 180.0% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 2,613,619 shares of the company’s stock worth $9,670,000 after purchasing an additional 1,680,327 shares during the last quarter. Vanguard Group Inc. increased its holdings in 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 buying an additional 410,243 shares during the last quarter. Renaissance Technologies LLC raised its position in Vivid Seats by 183.4% during the second quarter. Renaissance Technologies LLC now owns 324,228 shares of the company’s stock worth $1,864,000 after acquiring an additional 209,828 shares in the last quarter. FMR LLC grew its position in shares of Vivid Seats by 3.4% in 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. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of 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 purchasing an additional 194,561 shares during the last quarter. Institutional investors own 39.92% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on SEAT. Deutsche Bank Aktiengesellschaft cut their target price on shares of Vivid Seats from $4.50 to $4.00 and set a “hold” rating for the company in a research note on Monday, November 4th. 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 research note on Thursday, September 12th. Citigroup dropped their price target on Vivid Seats from $10.00 to $9.00 and set a “buy” rating on the stock in a research note on Friday, September 20th. Maxim Group decreased their price objective on shares of Vivid Seats from $9.00 to $8.00 and set a “buy” rating on the stock in a report on Monday, November 4th. Finally, Canaccord Genuity Group reduced their target price on shares of Vivid Seats from $8.00 to $7.00 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 assigned a buy rating to the company. According to data from MarketBeat, Vivid Seats has a consensus rating of “Moderate Buy” and a consensus target price of $6.67.

Vivid Seats Price Performance

Vivid Seats stock opened at $3.58 on Monday. The stock’s fifty day moving average price is $3.77 and its two-hundred day moving average price is $4.48. The firm has a market cap of $743.73 million, a PE ratio of 6.29, a price-to-earnings-growth ratio of 16.30 and a beta of 1.18. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.79 and a quick ratio of 0.74. Vivid Seats Inc. has a one year low of $3.33 and a one year high of $8.79.

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.