Vivid Seats Inc. (NASDAQ:SEAT) Shares Bought by Northern Trust Corp

Northern Trust Corp raised its stake in Vivid Seats Inc. (NASDAQ:SEAT) by 3.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 736,082 shares of the company’s stock after buying an additional 27,347 shares during the quarter. Northern Trust Corp owned about 0.35% of Vivid Seats worth $3,408,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. SG Americas Securities LLC lifted its position in Vivid Seats by 8.5% in the fourth quarter. SG Americas Securities LLC now owns 37,065 shares of the company’s stock valued at $172,000 after buying an additional 2,909 shares during the last quarter. Plan Group Financial LLC lifted its position in Vivid Seats by 9.4% in the fourth quarter. Plan Group Financial LLC now owns 35,330 shares of the company’s stock valued at $164,000 after buying an additional 3,048 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Vivid Seats by 17.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 29,251 shares of the company’s stock worth $136,000 after purchasing an additional 4,288 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Vivid Seats by 0.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 741,722 shares of the company’s stock worth $3,434,000 after purchasing an additional 5,828 shares in the last quarter. Finally, American Century Companies Inc. lifted its position in shares of Vivid Seats by 9.6% during the fourth quarter. American Century Companies Inc. now owns 96,396 shares of the company’s stock worth $446,000 after purchasing an additional 8,450 shares in the last quarter. Institutional investors and hedge funds own 39.92% of the company’s stock.

Vivid Seats Stock Performance

Shares of NASDAQ:SEAT opened at $1.81 on Friday. The firm’s 50 day moving average price is $2.50 and its 200 day moving average price is $3.47. Vivid Seats Inc. has a fifty-two week low of $1.66 and a fifty-two week high of $5.90. 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 (NASDAQ:SEAT) last issued its earnings results on Tuesday, May 6th. The company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.03). Vivid Seats had a net margin of 4.56% and a return on equity of 21.29%. The firm had revenue of $164.02 million during the quarter, compared to analyst estimates of $169.99 million. Equities research analysts predict that Vivid Seats Inc. will post 0.12 EPS for the current fiscal year.

Insiders Place Their Bets

In other Vivid Seats news, General Counsel Emily T. Epstein sold 14,476 shares of the firm’s stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $1.99, for a total transaction of $28,807.24. Following the sale, the general counsel now owns 151,194 shares of the company’s stock, valued at approximately $300,876.06. This trade represents a 8.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Over the last quarter, insiders have sold 16,138 shares of company stock valued at $33,201. 57.20% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

SEAT has been the topic of several research reports. Benchmark reduced their price target on shares of Vivid Seats from $6.00 to $3.00 and set a “buy” rating on the stock in a research report on Wednesday, May 7th. William Blair cut shares of Vivid Seats from an “outperform” rating to a “market perform” rating in a research report on Tuesday, May 6th. Royal Bank of Canada reduced their price target on shares of Vivid Seats from $4.00 to $2.00 and set a “sector perform” rating on the stock in a research report on Wednesday, May 7th. Bank of America reissued an “underperform” rating and set a $2.60 price target (down previously from $6.25) on shares of Vivid Seats in a research report on Thursday, March 13th. Finally, Canaccord Genuity Group reduced their price target on shares of Vivid Seats from $5.00 to $4.00 and set a “buy” rating on the stock in a research report on Wednesday, May 7th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat, Vivid Seats has an average rating of “Hold” and an average target price of $4.49.

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.