Vivid Seats Inc. (NASDAQ:SEAT) Holdings Boosted by CenterBook Partners LP

CenterBook Partners LP grew its holdings in Vivid Seats Inc. (NASDAQ:SEAT) by 20.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 872,023 shares of the company’s stock after purchasing an additional 149,314 shares during the period. CenterBook Partners LP’s holdings in Vivid Seats were worth $4,037,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Stratos Wealth Partners LTD. acquired a new position in Vivid Seats during the fourth quarter valued at $46,000. Stoneridge Investment Partners LLC purchased a new position in Vivid Seats during the 4th quarter valued at about $53,000. Pictet Asset Management Holding SA acquired a new position in shares of Vivid Seats in the 4th quarter valued at about $55,000. KLP Kapitalforvaltning AS purchased a new stake in shares of Vivid Seats in the fourth quarter worth approximately $57,000. Finally, Plan Group Financial LLC boosted its holdings in shares of Vivid Seats by 9.4% during the fourth quarter. Plan Group Financial LLC now owns 35,330 shares of the company’s stock worth $164,000 after purchasing an additional 3,048 shares during the period. Institutional investors and hedge funds own 39.92% of the company’s stock.

Vivid Seats Stock Performance

Shares of Vivid Seats stock opened at $2.79 on Thursday. Vivid Seats Inc. has a 12-month low of $2.36 and a 12-month high of $6.09. The company has a quick ratio of 0.74, a current ratio of 0.79 and a debt-to-equity ratio of 1.17. The stock has a 50 day moving average price of $3.58 and a two-hundred day moving average price of $3.81.

Analyst Ratings Changes

Several research analysts have weighed in on SEAT shares. Benchmark dropped their price objective on shares of Vivid Seats from $8.00 to $6.00 and set a “buy” rating on the stock in a research note on Thursday, March 13th. Morgan Stanley dropped their price target on shares of Vivid Seats from $4.60 to $3.75 and set an “equal weight” rating on the stock in a research note on Thursday, March 13th. Royal Bank of Canada reduced their price objective on Vivid Seats from $6.00 to $4.00 and set a “sector perform” rating for the company in a research report on Thursday, March 13th. Raymond James lowered Vivid Seats from a “moderate buy” rating to a “hold” rating in a research report on Thursday, March 13th. Finally, Canaccord Genuity Group reduced their price target on Vivid Seats from $6.00 to $5.00 and set a “buy” rating for the company in a report on Thursday, March 13th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, Vivid Seats currently has an average rating of “Hold” and a consensus price target of $5.49.

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.