2 weeks Ago By ABMN Staff
Johnson Investment Counsel Inc. raised its position in Vivid Seats Inc. ( NASDAQ:SEAT – Free Report ) by 57.
6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,676 shares of the company’s stock after purchasing an additional 13,040 shares during the quarter. Johnson Investment Counsel Inc.
’s holdings in Vivid Seats were worth $205,000 at the end of the most recent quarter. A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc.
grew its stake in Vivid Seats by 10.4% in the first quarter. Vanguard Group Inc.
now owns 4,336,578 shares of the company’s stock valued at $25,976,000 after purchasing an additional 410,243 shares in the last quarter. Janus Henderson Group PLC grew its stake in Vivid Seats by 10.1% in the first quarter.
Janus Henderson Group PLC now owns 2,979,885 shares of the company’s stock valued at $17,849,000 after purchasing an additional 273,734 shares in the last quarter. Anson Funds Management LP boosted its stake in shares of Vivid Seats by 66.5% during the 1st 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. Clearbridge Investments LLC boosted its stake in shares of Vivid Seats by 17.6% during the 1st 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. Finally, Invenomic Capital Management LP boosted its stake in shares of Vivid Seats by 289.4% during the 1st quarter.
Invenomic Capital Management LP now owns 1,539,194 shares of the company’s stock worth $9,220,000 after acquiring an additional 1,143,870 shares in the last quarter. Hedge funds and other institutional investors own 39.92% of the company’s stock.
Wall Street Analyst Weigh In Several research firms have recently issued reports on SEAT. Craig Hallum decreased their price target on Vivid Seats from $10.00 to $8.
00 and set a “buy” rating for the company in a research note on Tuesday, September 10th. Royal Bank of Canada decreased their price target on Vivid Seats from $8.00 to $7.
00 and set a “sector perform” rating for the company in a research note on Wednesday, August 7th. Benchmark decreased their price target on Vivid Seats from $15.00 to $10.
00 and set a “buy” rating for the company in a research note on Tuesday, September 10th. Piper Sandler decreased their price target on Vivid Seats from $7.00 to $5.
00 and set a “neutral” rating for the company in a research note on Wednesday, August 7th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on Vivid Seats from $5.50 to $4.
50 and set a “hold” rating for the company in a research note on Monday, August 12th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $7.
06. Vivid Seats Stock Performance SEAT opened at $3.98 on Monday.
The firm has a market capitalization of $826.45 million, a P/E ratio of 7.20, a price-to-earnings-growth ratio of 15.
64 and a beta of 1.22. The stock’s 50 day moving average price is $4.
66 and its two-hundred day moving average price is $5.20. The company has a quick ratio of 0.
73, a current ratio of 0.79 and a debt-to-equity ratio of 2.48.
Vivid Seats Inc. has a 12-month low of $3.58 and a 12-month high of $8.
80. Vivid Seats ( NASDAQ:SEAT – Get Free Report ) last released its quarterly earnings data 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 firm had revenue of $198.32 million for the quarter, compared to the consensus estimate of $194.68 million.
Vivid Seats had a net margin of 4.73% and a return on equity of 57.44%.
During the same quarter in the prior year, the firm posted $0.20 earnings per share. On average, equities analysts forecast that Vivid Seats Inc.
will post 0.14 earnings per share for the current year. About Vivid Seats ( Free Report ) 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. See Also Want to see what other hedge funds are holding SEAT? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Vivid Seats Inc. ( NASDAQ:SEAT – Free Report ). Receive News & Ratings for Vivid Seats Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vivid Seats and related companies with MarketBeat.
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