Emeth Value Capital LLC Has $6.45 Million Stake in Vivid Seats Inc. $SEAT

Emeth Value Capital LLC trimmed its holdings in shares of Vivid Seats Inc. (NASDAQ:SEAT) by 94.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 388,311 shares of the company’s stock after selling 7,253,731 shares during the period. Vivid Seats comprises approximately 6.3% of Emeth Value Capital LLC’s investment portfolio, making the stock its 5th largest holding. Emeth Value Capital LLC owned 3.77% of Vivid Seats worth $6,454,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SEAT. Boston Partners boosted its stake in Vivid Seats by 7.2% in the second quarter. Boston Partners now owns 4,784,292 shares of the company’s stock valued at $8,084,000 after acquiring an additional 322,461 shares during the last quarter. Capstone Financial Advisors Inc. purchased a new stake in shares of Vivid Seats during the 2nd quarter worth approximately $25,000. Equitable Trust Co. raised its holdings in shares of Vivid Seats by 6.9% in the 2nd quarter. Equitable Trust Co. now owns 167,060 shares of the company’s stock worth $282,000 after purchasing an additional 10,800 shares during the period. MetLife Investment Management LLC lifted its stake in Vivid Seats by 21.0% in the first quarter. MetLife Investment Management LLC now owns 45,279 shares of the company’s stock valued at $134,000 after purchasing an additional 7,866 shares during the last quarter. Finally, Nuveen LLC purchased a new position in Vivid Seats in the first quarter valued at approximately $328,000. 39.92% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have issued reports on SEAT. Morgan Stanley set a $9.00 target price on Vivid Seats in a research report on Thursday, December 18th. Citigroup decreased their price objective on Vivid Seats from $13.00 to $10.00 and set a “neutral” rating for the company in a report on Monday, November 17th. Benchmark restated a “buy” rating and issued a $18.00 price objective (down from $26.00) on shares of Vivid Seats in a research note on Friday, November 7th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Vivid Seats in a research report on Wednesday, October 8th. Finally, Royal Bank Of Canada set a $12.00 target price on shares of Vivid Seats and gave the stock a “sector perform” rating in a research note on Friday, November 7th. Two equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $21.88.

Vivid Seats Stock Down 2.9%

Shares of NASDAQ SEAT opened at $7.00 on Friday. The company has a quick ratio of 0.60, a current ratio of 0.67 and a debt-to-equity ratio of 1.41. The company has a market cap of $75.11 million, a P/E ratio of 2.60 and a beta of 0.90. Vivid Seats Inc. has a 52 week low of $6.15 and a 52 week high of $100.00. The business has a 50-day simple moving average of $8.43 and a two-hundred day simple moving average of $17.74.

Vivid Seats (NASDAQ:SEAT) last announced its quarterly earnings results on Thursday, November 6th. The company reported ($1.91) earnings per share for the quarter, missing the consensus estimate of ($1.68) by ($0.23). Vivid Seats had a negative net margin of 24.08% and a positive return on equity of 4.50%. The company had revenue of $136.37 million for the quarter, compared to the consensus estimate of $131.38 million. Research analysts anticipate that Vivid Seats Inc. will post 0.12 earnings per share for the current fiscal year.

About Vivid Seats

Vivid Seats, traded on NASDAQ under the ticker SEAT, operates an online ticket marketplace that connects buyers and sellers of live event tickets. The company specializes in facilitating purchases for sports games, concerts, theater productions and other entertainment experiences. Through its digital platform and mobile application, Vivid Seats offers real-time access to available tickets, transparent pricing and a 100% Buyer Guarantee, which ensures ticket authenticity and timely delivery.

Founded in 2001 and headquartered in Chicago, Illinois, Vivid Seats has grown from a regional reseller into one of North America’s leading ticket marketplaces.