1 day Ago By ABMN Staff
Bank of New York Mellon Corp grew its holdings in Vivid Seats Inc. ( NASDAQ:SEAT – Free Report ) by 13.0% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission.
The institutional investor owned 327,175 shares of the company’s stock after acquiring an additional 37,671 shares during the period. Bank of New York Mellon Corp owned 0.16% of Vivid Seats worth $1,881,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in shares of Vivid Seats by 10.
4% in the 1st 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 during the last quarter.
Janus Henderson Group PLC boosted its position in shares of 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 acquiring an additional 273,734 shares during the period.
Anson Funds Management LP grew its stake in shares of Vivid Seats by 66.5% in 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 during the last quarter.
Clearbridge Investments LLC increased its position in 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 during the period.
Finally, Invenomic Capital Management LP raised its stake in Vivid Seats by 289.4% during the 1st quarter. Invenomic Capital Management LP now owns 1,539,194 shares of the company’s stock valued at $9,220,000 after purchasing an additional 1,143,870 shares during the last quarter.
39.92% of the stock is owned by institutional investors. Vivid Seats Stock Up 2.
7 % Shares of NASDAQ:SEAT opened at $4.18 on Wednesday. The company has a quick ratio of 0.
73, a current ratio of 0.79 and a debt-to-equity ratio of 2.48.
The stock has a market cap of $867.99 million, a price-to-earnings ratio of 7.20, a PEG ratio of 15.
64 and a beta of 1.22. The business’s 50 day moving average is $4.
61 and its 200 day moving average is $5.17. Vivid Seats Inc.
has a 12-month low of $3.58 and a 12-month high of $8.80.
Analysts Set New Price Targets A number of equities research analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Vivid Seats from $5.50 to $4.
50 and set a “hold” rating on the stock in a research note on Monday, August 12th. Craig Hallum decreased their price target on Vivid Seats from $10.00 to $8.
00 and set a “buy” rating on the stock in a research report on Tuesday, September 10th. Piper Sandler reduced their price target on shares of Vivid Seats from $7.00 to $5.
00 and set a “neutral” rating on the stock in a research report on Wednesday, August 7th. Royal Bank of Canada dropped their target price on Vivid Seats from $8.00 to $7.
00 and set a “sector perform” rating for the company in a research report on Wednesday, August 7th. Finally, Canaccord Genuity Group lowered 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 research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $7.
06. Get Our Latest Stock Analysis on SEAT 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. Featured Stories 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.com's FREE daily email newsletter .
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