JPMorgan Chase & Co. Purchases 57,513 Shares of Vivid Seats Inc. (NASDAQ:SEAT)

JPMorgan Chase & Co. increased its position in Vivid Seats Inc. (NASDAQ:SEAT) by 6.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 892,323 shares of the company’s stock after purchasing an additional 57,513 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.43% of Vivid Seats worth $4,131,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Stratos Wealth Partners LTD. acquired a new position in shares of Vivid Seats in the 4th quarter valued at $46,000. Stoneridge Investment Partners LLC acquired a new position in Vivid Seats in the fourth quarter worth about $53,000. KLP Kapitalforvaltning AS acquired a new stake in Vivid Seats during the fourth quarter valued at approximately $57,000. Plan Group Financial LLC grew its stake in shares of Vivid Seats by 9.4% in the 4th quarter. Plan Group Financial LLC now owns 35,330 shares of the company’s stock valued at $164,000 after purchasing an additional 3,048 shares during the period. Finally, Impact Investors Inc acquired a new position in shares of Vivid Seats in the 4th quarter worth approximately $167,000. Institutional investors and hedge funds own 39.92% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on SEAT. Morgan Stanley dropped their price objective on Vivid Seats from $4.60 to $3.75 and set an “equal weight” rating for the company in a research note on Thursday, March 13th. Royal Bank of Canada cut their price target on shares of Vivid Seats from $6.00 to $4.00 and set a “sector perform” rating for the company in a report on Thursday, March 13th. Benchmark dropped their price objective on shares of Vivid Seats from $8.00 to $6.00 and set a “buy” rating for the company in a report on Thursday, March 13th. Raymond James lowered Vivid Seats from a “moderate buy” rating to a “hold” rating in a research report on Thursday, March 13th. Finally, Bank of America reiterated an “underperform” rating and issued a $2.60 price objective (down previously from $6.25) on shares of Vivid Seats in a research report on Thursday, March 13th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $5.49.

Vivid Seats Trading Down 4.5 %

Shares of NASDAQ:SEAT opened at $2.31 on Friday. The company has a 50 day moving average of $3.32 and a 200-day moving average of $3.75. Vivid Seats Inc. has a one year low of $2.30 and a one year high of $6.09. The company has a current ratio of 0.79, a quick ratio of 0.74 and a debt-to-equity ratio of 1.17.

Vivid Seats 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.