Harbor Capital Advisors Inc. Lowers Stock Holdings in Vivid Seats Inc. (NASDAQ:SEAT)

Harbor Capital Advisors Inc. lessened its position in Vivid Seats Inc. (NASDAQ:SEAT) by 2.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,544,328 shares of the company’s stock after selling 69,291 shares during the quarter. Harbor Capital Advisors Inc. owned approximately 1.22% of Vivid Seats worth $11,780,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Oppenheimer & Co. Inc. acquired a new stake in shares of Vivid Seats in the third quarter valued at $37,000. Principal Financial Group Inc. purchased a new stake in Vivid Seats during the second quarter worth approximately $61,000. Marshall Wace LLP purchased a new stake in Vivid Seats during the second quarter worth approximately $67,000. Intech Investment Management LLC acquired a new position in Vivid Seats in the third quarter valued at approximately $87,000. Finally, Ashton Thomas Securities LLC increased its stake in Vivid Seats by 83.6% in the third quarter. Ashton Thomas Securities LLC now owns 25,595 shares of the company’s stock valued at $95,000 after purchasing an additional 11,655 shares during the last quarter. 39.92% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on SEAT shares. Piper Sandler restated a “neutral” rating and issued a $4.00 target price (down previously from $5.00) on shares of Vivid Seats in a report on Friday, November 8th. DA Davidson dropped their price objective on Vivid Seats from $6.50 to $6.00 and set a “buy” rating on the stock in a report on Thursday, September 12th. Royal Bank of Canada dropped their price target on Vivid Seats from $7.00 to $6.00 and set a “sector perform” rating on the stock in a research note on Monday, November 11th. Deutsche Bank Aktiengesellschaft reduced their price objective 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, Bank of America reaffirmed a “buy” rating and issued a $6.25 target price on shares of Vivid Seats in a report on Tuesday, December 31st. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $6.63.

Vivid Seats Price Performance

Shares of SEAT traded down $0.14 during trading hours on Friday, reaching $4.38. The company had a trading volume of 240,806 shares, compared to its average volume of 836,841. The company has a current ratio of 0.79, a quick ratio of 0.74 and a debt-to-equity ratio of 1.17. Vivid Seats Inc. has a 12-month low of $3.24 and a 12-month high of $6.41. The firm has a 50 day simple moving average of $3.78 and a 200-day simple moving average of $4.21. The company has a market capitalization of $909.92 million, a price-to-earnings ratio of 8.25, a PEG ratio of 15.89 and a beta of 0.99.

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.