10,000 Shares in Vivid Seats Inc. (NASDAQ:SEAT) Acquired by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. purchased a new position in Vivid Seats Inc. (NASDAQ:SEAT) during the 3rd quarter, HoldingsChannel reports. The institutional investor purchased 10,000 shares of the company’s stock, valued at approximately $37,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Massachusetts Financial Services Co. MA increased its holdings in Vivid Seats by 1.8% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 4,371,128 shares of the company’s stock worth $25,134,000 after buying an additional 77,983 shares during the period. Vanguard Group Inc. grew its stake in shares of Vivid Seats by 10.4% during the 1st quarter. Vanguard Group Inc. now owns 4,336,578 shares of the company’s stock worth $25,976,000 after purchasing an additional 410,243 shares during the period. Janus Henderson Group PLC grew its stake in shares of Vivid Seats by 10.1% during the 1st quarter. Janus Henderson Group PLC now owns 2,979,885 shares of the company’s stock worth $17,849,000 after purchasing an additional 273,734 shares during the period. Harbor Capital Advisors Inc. grew its stake in shares of Vivid Seats by 180.0% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 2,613,619 shares of the company’s stock worth $9,670,000 after purchasing an additional 1,680,327 shares during the period. Finally, Invenomic Capital Management LP grew its stake in shares of Vivid Seats by 289.4% during the 1st quarter. Invenomic Capital Management LP now owns 1,539,194 shares of the company’s stock worth $9,220,000 after purchasing an additional 1,143,870 shares during the period. Institutional investors and hedge funds own 39.92% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. DA Davidson dropped their price objective on shares of Vivid Seats from $6.50 to $6.00 and set a “buy” rating on the stock in a research note on Thursday, September 12th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Vivid Seats from $4.50 to $4.00 and set a “hold” rating on the stock in a research note on Monday, November 4th. Canaccord Genuity Group dropped their price objective on shares of Vivid Seats from $8.00 to $7.00 and set a “buy” rating on the stock in a research note on Thursday, September 12th. Piper Sandler reaffirmed a “neutral” rating and set a $4.00 price objective (down previously from $5.00) on shares of Vivid Seats in a research note on Friday, November 8th. Finally, Royal Bank of Canada dropped their price objective on shares of Vivid Seats from $7.00 to $6.00 and set a “sector perform” rating on the stock in a research note on Monday, November 11th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $6.67.

Vivid Seats Price Performance

Vivid Seats stock opened at $3.52 on Friday. The company’s fifty day moving average price is $3.81 and its 200 day moving average price is $4.55. Vivid Seats Inc. has a 1 year low of $3.33 and a 1 year high of $8.80. The stock has a market capitalization of $731.24 million, a P/E ratio of 6.56, a P/E/G ratio of 16.44 and a beta of 1.18. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.74 and a current ratio of 0.79.

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.