Vivid Seats Inc. (NASDAQ:SEAT) Shares Acquired by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Vivid Seats Inc. (NASDAQ:SEAT) by 23.3% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 89,800 shares of the company’s stock after buying an additional 16,976 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Vivid Seats were worth $332,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Oppenheimer & Co. Inc. bought a new stake in Vivid Seats in the third quarter worth about $37,000. Principal Financial Group Inc. purchased a new position in Vivid Seats during the 2nd quarter valued at about $61,000. Marshall Wace LLP acquired a new position in Vivid Seats in the 2nd quarter valued at approximately $67,000. Intech Investment Management LLC purchased a new stake in shares of Vivid Seats during the third quarter worth $87,000. Finally, Ashton Thomas Securities LLC lifted its holdings in shares of Vivid Seats by 83.6% during the 3rd quarter. Ashton Thomas Securities LLC now owns 25,595 shares of the company’s stock valued at $95,000 after buying an additional 11,655 shares during the last quarter. Institutional investors and hedge funds own 39.92% of the company’s stock.

Vivid Seats Trading Up 4.1 %

SEAT stock opened at $3.52 on Friday. The company has a market cap of $731.26 million, a P/E ratio of 6.38, a PEG ratio of 16.30 and a beta of 1.11. Vivid Seats Inc. has a twelve month low of $3.24 and a twelve month high of $6.51. The company has a quick ratio of 0.74, a current ratio of 0.79 and a debt-to-equity ratio of 1.17. The business has a fifty day moving average of $3.70 and a 200-day moving average of $4.31.

Analyst Ratings Changes

SEAT has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Vivid Seats from $4.50 to $4.00 and set a “hold” rating for the company in a research note on Monday, November 4th. Craig Hallum cut their price objective on shares of Vivid Seats from $10.00 to $8.00 and set a “buy” rating for the company in a research report on Tuesday, September 10th. Maxim Group reduced their target price on Vivid Seats from $9.00 to $8.00 and set a “buy” rating for the company in a research report on Monday, November 4th. Benchmark decreased their price objective on Vivid Seats from $10.00 to $8.00 and set a “buy” rating on the stock in a report on Friday, November 8th. Finally, Piper Sandler reiterated a “neutral” rating and set a $4.00 target price (down previously from $5.00) on shares of Vivid Seats in a research report on Friday, November 8th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $6.67.

About Vivid Seats

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.