Insider Selling: Vivid Seats Inc. (NASDAQ:SEAT) SVP Sells 1,136 Shares of Stock

Vivid Seats Inc. (NASDAQ:SEAT – Get Rating) SVP Riva Bakal sold 1,136 shares of Vivid Seats stock in a transaction on Wednesday, April 20th. The shares were sold at an average price of $10.35, for a total value of $11,757.60. Following the completion of the transaction, the senior vice president now owns 5,216 shares in the company, valued at approximately $53,985.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of NASDAQ:SEAT traded down $0.04 during trading on Thursday, hitting $10.06. The company’s stock had a trading volume of 324,255 shares, compared to its average volume of 550,454. Vivid Seats Inc. has a fifty-two week low of $7.84 and a fifty-two week high of $14.35. The firm’s 50-day simple moving average is $11.01.

A number of research analysts recently weighed in on SEAT shares. Citigroup upgraded Vivid Seats from a “neutral” rating to a “buy” rating and set a $14.00 target price on the stock in a report on Monday, January 3rd. Benchmark reduced their target price on Vivid Seats from $19.00 to $17.00 and set a “buy” rating on the stock in a report on Friday, March 11th. Evercore ISI started coverage on Vivid Seats in a report on Tuesday, January 18th. They issued a “hold” rating and a $14.00 target price on the stock. Credit Suisse Group reiterated a “buy” rating and issued a $16.00 target price on shares of Vivid Seats in a report on Friday, March 11th. Finally, Zacks Investment Research upgraded Vivid Seats from a “sell” rating to a “hold” rating in a research note on Friday, April 15th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $15.71.

Several large investors have recently added to or reduced their stakes in SEAT. Security Benefit Life Insurance Co. KS acquired a new position in shares of Vivid Seats in the fourth quarter worth about $566,382,000. Vista Equity Partners Management LLC bought a new stake in Vivid Seats in the fourth quarter valued at about $367,023,000. Massachusetts Financial Services Co. MA bought a new stake in Vivid Seats in the fourth quarter valued at about $35,617,000. Clearline Capital LP bought a new stake in Vivid Seats in the fourth quarter valued at about $16,169,000. Finally, Penserra Capital Management LLC bought a new stake in Vivid Seats in the fourth quarter valued at about $10,923,000. Institutional investors and hedge funds own 55.24% of the company’s stock.

About Vivid Seats (Get Rating)

Vivid Seats Inc operates an independent secondary marketplace for tickets. It sells tickets for live sports, concerts, and theater events. The company was founded in 2001 and is headquartered in Chicago, Illinois.

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