Teacher Retirement System of Texas Increases Position in Vivid Seats Inc. (NASDAQ:SEAT)

Teacher Retirement System of Texas boosted its holdings in Vivid Seats Inc. (NASDAQ:SEAT) by 39.2% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 93,930 shares of the company’s stock after purchasing an additional 26,441 shares during the quarter. Teacher Retirement System of Texas’ holdings in Vivid Seats were worth $278,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Emeth Value Capital LLC lifted its stake in shares of Vivid Seats by 19.4% in the first quarter. Emeth Value Capital LLC now owns 5,997,854 shares of the company’s stock worth $17,754,000 after buying an additional 976,362 shares in the last quarter. Huber Capital Management LLC bought a new position in shares of Vivid Seats in the fourth quarter worth approximately $3,627,000. Visualize Group LP bought a new position in Vivid Seats during the fourth quarter valued at approximately $3,327,000. Ameriprise Financial Inc. lifted its position in Vivid Seats by 18.4% during the fourth quarter. Ameriprise Financial Inc. now owns 1,954,794 shares of the company’s stock valued at $9,051,000 after purchasing an additional 303,878 shares during the period. Finally, Manatuck Hill Partners LLC bought a new position in Vivid Seats during the fourth quarter valued at approximately $1,158,000. Hedge funds and other institutional investors own 39.92% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. William Blair cut shares of Vivid Seats from an “outperform” rating to a “market perform” rating in a research note on Tuesday, May 6th. Maxim Group cut their target price on shares of Vivid Seats from $5.00 to $3.00 and set a “buy” rating for the company in a research note on Wednesday, May 7th. Royal Bank Of Canada cut their target price on shares of Vivid Seats from $4.00 to $2.00 and set a “sector perform” rating for the company in a research note on Wednesday, May 7th. Benchmark cut their target price on shares of Vivid Seats from $6.00 to $3.00 and set a “buy” rating for the company in a research note on Wednesday, May 7th. Finally, Canaccord Genuity Group cut their target price on shares of Vivid Seats from $5.00 to $4.00 and set a “buy” rating for the company in a research note on Wednesday, May 7th. One analyst has rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $4.49.

Vivid Seats Price Performance

Shares of SEAT opened at $1.63 on Friday. The stock has a fifty day moving average price of $1.80 and a 200 day moving average price of $2.95. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.70 and a current ratio of 0.77. Vivid Seats Inc. has a 12 month low of $1.44 and a 12 month high of $5.40.

Vivid Seats (NASDAQ:SEAT) last released its quarterly earnings results on Tuesday, May 6th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.03). The business had revenue of $164.02 million during the quarter, compared to the consensus estimate of $169.99 million. Vivid Seats had a negative return on equity of 2.17% and a negative net margin of 0.35%. As a group, sell-side analysts anticipate that Vivid Seats Inc. will post 0.12 EPS for the current fiscal year.

Insider Buying and Selling at Vivid Seats

In other Vivid Seats news, General Counsel Emily T. Epstein sold 14,476 shares of Vivid Seats stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $1.99, for a total transaction of $28,807.24. Following the transaction, the general counsel owned 151,194 shares of the company’s stock, valued at $300,876.06. The trade was a 8.74% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 88.46% of the stock is owned by company insiders.

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.