SG Americas Securities LLC Cuts Stake in Vivid Seats Inc. (NASDAQ:SEAT)

SG Americas Securities LLC decreased its position in Vivid Seats Inc. (NASDAQ:SEATGet Rating) by 31.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 23,604 shares of the company’s stock after selling 10,948 shares during the period. SG Americas Securities LLC’s holdings in Vivid Seats were worth $176,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in SEAT. Emerald Advisers LLC acquired a new stake in Vivid Seats in the first quarter valued at $11,871,000. Emerald Mutual Fund Advisers Trust purchased a new position in shares of Vivid Seats in the 1st quarter valued at about $9,636,000. Massachusetts Financial Services Co. MA lifted its stake in shares of Vivid Seats by 15.2% in the first quarter. Massachusetts Financial Services Co. MA now owns 3,771,804 shares of the company’s stock valued at $41,716,000 after purchasing an additional 498,153 shares during the period. Picton Mahoney Asset Management purchased a new stake in Vivid Seats during the first quarter worth about $3,174,000. Finally, Rice Hall James & Associates LLC acquired a new position in Vivid Seats during the first quarter worth about $2,822,000. 37.50% of the stock is currently owned by institutional investors and hedge funds.

Vivid Seats Price Performance

Vivid Seats stock opened at $8.22 on Friday. Vivid Seats Inc. has a 12-month low of $7.02 and a 12-month high of $13.97. The firm’s 50-day moving average is $8.08 and its two-hundred day moving average is $8.34.

Wall Street Analyst Weigh In

SEAT has been the topic of several research analyst reports. Credit Suisse Group decreased their price target on Vivid Seats from $13.00 to $11.00 and set an “outperform” rating on the stock in a research note on Wednesday. DA Davidson upped their target price on Vivid Seats to $24.00 in a report on Monday, August 15th. Evercore ISI lifted their price target on Vivid Seats to $10.00 in a research note on Monday, August 15th. Piper Sandler increased their price objective on shares of Vivid Seats from $8.00 to $9.00 and gave the company a “neutral” rating in a research note on Tuesday, August 9th. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Vivid Seats in a research report on Monday, October 3rd. They set a “hold” rating and a $9.00 target price for the company. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $12.80.

Vivid Seats Company Profile

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Vivid Seats Inc operates as an online secondary marketplace for tickets in the United States and Canada. 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 live sports, concerts, and theater shows, and other live events.

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Institutional Ownership by Quarter for Vivid Seats (NASDAQ:SEAT)

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