Vivid Seats Inc. (NASDAQ:SEAT) Shares Purchased by Shay Capital LLC

Shay Capital LLC increased its position in Vivid Seats Inc. (NASDAQ:SEAT) by 1,650.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 203,000 shares of the company’s stock after acquiring an additional 191,400 shares during the period. Shay Capital LLC owned approximately 0.10% of Vivid Seats worth $940,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Stratos Wealth Partners LTD. acquired a new position in shares of Vivid Seats in the fourth quarter valued at about $46,000. Quinn Opportunity Partners LLC purchased a new stake in Vivid Seats in the fourth quarter valued at approximately $46,000. BNP Paribas Financial Markets acquired a new position in Vivid Seats in the 4th quarter worth approximately $53,000. Stoneridge Investment Partners LLC acquired a new position in Vivid Seats in the 4th quarter worth approximately $53,000. Finally, Pictet Asset Management Holding SA purchased a new position in Vivid Seats during the 4th quarter worth approximately $55,000. Institutional investors and hedge funds own 39.92% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on SEAT shares. Morgan Stanley dropped their price objective on shares of Vivid Seats from $4.60 to $3.75 and set an “equal weight” rating on the stock in a report on Thursday, March 13th. Canaccord Genuity Group lowered their price target on shares of Vivid Seats from $5.00 to $4.00 and set a “buy” rating on the stock in a report on Wednesday, May 7th. Benchmark reduced their price objective on Vivid Seats from $6.00 to $3.00 and set a “buy” rating for the company in a research note on Wednesday, May 7th. Bank of America reissued an “underperform” rating and issued a $2.60 price objective (down previously from $6.25) on shares of Vivid Seats in a report on Thursday, March 13th. Finally, Maxim Group dropped their target price on Vivid Seats from $5.00 to $3.00 and set a “buy” rating on the stock in a report on Wednesday, May 7th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, Vivid Seats currently has an average rating of “Hold” and an average target price of $4.49.

Vivid Seats Stock Performance

Shares of Vivid Seats stock opened at $1.96 on Friday. Vivid Seats Inc. has a twelve month low of $1.66 and a twelve month high of $5.90. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.74 and a current ratio of 0.79. The business has a 50-day moving average price of $2.63 and a 200 day moving average price of $3.56.

Vivid Seats (NASDAQ:SEAT) last posted its quarterly earnings data on Tuesday, May 6th. The company reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.03). The business had revenue of $164.02 million during the quarter, compared to analysts’ expectations of $169.99 million. Vivid Seats had a net margin of 4.56% and a return on equity of 21.29%. On average, analysts predict that Vivid Seats Inc. will post 0.12 EPS for the current fiscal year.

Insider Buying and Selling

In other Vivid Seats news, General Counsel Emily T. Epstein sold 14,476 shares of the stock in a transaction 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 transaction, the general counsel now directly owns 151,194 shares of the company’s stock, valued at $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 SEC, which is accessible through this hyperlink. In the last quarter, insiders sold 16,138 shares of company stock valued at $33,201. 57.20% of the stock is owned by corporate insiders.

About Vivid Seats

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.