MetLife Investment Management LLC Trims Stock Holdings in Vivid Seats Inc. (NASDAQ:SEAT)

MetLife Investment Management LLC reduced its stake in shares of Vivid Seats Inc. (NASDAQ:SEAT) by 16.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,413 shares of the company’s stock after selling 7,509 shares during the period. MetLife Investment Management LLC’s holdings in Vivid Seats were worth $173,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in SEAT. Barclays PLC boosted its position in shares of Vivid Seats by 353.2% in the third quarter. Barclays PLC now owns 125,163 shares of the company’s stock worth $462,000 after purchasing an additional 97,546 shares during the period. SG Americas Securities LLC increased its stake in Vivid Seats by 8.5% in the 4th quarter. SG Americas Securities LLC now owns 37,065 shares of the company’s stock worth $172,000 after buying an additional 2,909 shares in the last quarter. Exchange Traded Concepts LLC raised its holdings in Vivid Seats by 23.9% during the fourth quarter. Exchange Traded Concepts LLC now owns 123,412 shares of the company’s stock valued at $571,000 after acquiring an additional 23,844 shares during the period. Emeth Value Capital LLC bought a new position in shares of Vivid Seats in the fourth quarter worth about $23,250,000. Finally, Stratos Wealth Partners LTD. bought a new position in shares of Vivid Seats in the fourth quarter worth about $46,000. 39.92% of the stock is currently owned by institutional investors.

Vivid Seats Price Performance

NASDAQ SEAT opened at $1.84 on Friday. The company has a quick ratio of 0.74, a current ratio of 0.79 and a debt-to-equity ratio of 1.17. Vivid Seats Inc. has a 52 week low of $1.66 and a 52 week high of $5.90. The company has a fifty day moving average of $2.83 and a two-hundred day moving average of $3.63.

Vivid Seats (NASDAQ:SEAT) last issued its quarterly earnings results on Tuesday, May 6th. The company reported ($0.05) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.03). The firm had revenue of $164.02 million for the quarter, compared to the consensus estimate of $169.99 million. Vivid Seats had a net margin of 4.56% and a return on equity of 21.29%. As a group, equities analysts predict that Vivid Seats Inc. will post 0.12 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on SEAT. Bank of America restated an “underperform” rating and issued a $2.60 price target (down from $6.25) on shares of Vivid Seats in a research note on Thursday, March 13th. William Blair downgraded shares of Vivid Seats from an “outperform” rating to a “market perform” rating in a report on Tuesday. Raymond James lowered Vivid Seats from a “moderate buy” rating to a “hold” rating in a research report on Thursday, March 13th. Benchmark decreased their target price on Vivid Seats from $6.00 to $3.00 and set a “buy” rating on the stock in a research report on Wednesday. Finally, Maxim Group decreased their price objective on Vivid Seats from $5.00 to $3.00 and set a “buy” rating on the stock in a report on Wednesday. One analyst has rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $4.49.

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.