Vivid Seats Inc. (NASDAQ:SEAT) Shares Bought by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Vivid Seats Inc. (NASDAQ:SEAT) by 129.5% during the fourth quarter, HoldingsChannel reports. The firm owned 22,609 shares of the company’s stock after buying an additional 12,758 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Vivid Seats were worth $143,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Boston Partners acquired a new position in shares of Vivid Seats during the third quarter worth about $10,436,000. Brandywine Global Investment Management LLC lifted its stake in shares of Vivid Seats by 8.2% during the third quarter. Brandywine Global Investment Management LLC now owns 1,515,576 shares of the company’s stock worth $9,730,000 after purchasing an additional 114,815 shares in the last quarter. M&T Bank Corp acquired a new position in shares of Vivid Seats in the third quarter worth about $460,000. Acadian Asset Management LLC lifted its stake in shares of Vivid Seats by 235.3% in the third quarter. Acadian Asset Management LLC now owns 90,840 shares of the company’s stock worth $581,000 after acquiring an additional 63,745 shares in the last quarter. Finally, FMR LLC lifted its stake in shares of Vivid Seats by 6.8% in the third quarter. FMR LLC now owns 3,520,887 shares of the company’s stock worth $22,604,000 after acquiring an additional 223,676 shares in the last quarter. Institutional investors and hedge funds own 39.92% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on SEAT. Benchmark reiterated a “buy” rating and issued a $15.00 price target on shares of Vivid Seats in a research note on Wednesday, May 1st. Canaccord Genuity Group cut their price target on Vivid Seats from $12.00 to $10.00 and set a “buy” rating on the stock in a research note on Wednesday. Craig Hallum began coverage on Vivid Seats in a research note on Friday, February 9th. They issued a “buy” rating and a $10.00 price target on the stock. Maxim Group boosted their price target on Vivid Seats from $7.00 to $9.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Royal Bank of Canada cut their price target on Vivid Seats from $10.00 to $8.00 and set a “sector perform” rating on the stock in a research note on Wednesday, March 6th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $10.15.

Vivid Seats Trading Down 1.1 %

Shares of NASDAQ SEAT opened at $5.35 on Thursday. The stock’s 50 day moving average price is $5.69 and its two-hundred day moving average price is $6.22. Vivid Seats Inc. has a 52-week low of $5.11 and a 52-week high of $9.89. The stock has a market capitalization of $1.12 billion, a P/E ratio of 9.73, a PEG ratio of 2.63 and a beta of 1.23. The company has a quick ratio of 0.46, a current ratio of 0.50 and a debt-to-equity ratio of 2.52.

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.