Boston Partners Has $22.63 Million Stake in Vivid Seats Inc. (NASDAQ:SEAT)

Boston Partners lifted its position in shares of Vivid Seats Inc. (NASDAQ:SEAT) by 118.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,597,970 shares of the company’s stock after buying an additional 1,949,891 shares during the period. Boston Partners owned about 1.83% of Vivid Seats worth $22,626,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Seven Grand Managers LLC acquired a new position in Vivid Seats during the 4th quarter worth approximately $474,000. M&T Bank Corp boosted its holdings in Vivid Seats by 89.4% during the fourth quarter. M&T Bank Corp now owns 135,614 shares of the company’s stock worth $858,000 after purchasing an additional 64,018 shares during the last quarter. Swiss National Bank grew its position in Vivid Seats by 37.2% in the fourth quarter. Swiss National Bank now owns 115,900 shares of the company’s stock valued at $732,000 after purchasing an additional 31,400 shares in the last quarter. Victory Capital Management Inc. increased its stake in Vivid Seats by 68.4% in the 4th quarter. Victory Capital Management Inc. now owns 35,774 shares of the company’s stock valued at $226,000 after buying an additional 14,527 shares during the last quarter. Finally, Mach 1 Financial Group LLC bought a new stake in Vivid Seats during the 4th quarter worth about $470,000. 39.92% of the stock is owned by institutional investors and hedge funds.

Vivid Seats Trading Down 1.0 %

Vivid Seats stock opened at $5.17 on Thursday. The stock has a 50-day simple moving average of $5.65 and a 200 day simple moving average of $6.21. The company has a debt-to-equity ratio of 1.89, a quick ratio of 0.51 and a current ratio of 0.57. The stock has a market capitalization of $1.09 billion, a P/E ratio of 9.89, a PEG ratio of 3.08 and a beta of 1.23. Vivid Seats Inc. has a 52 week low of $5.09 and a 52 week high of $9.70.

Wall Street Analysts Forecast Growth

SEAT has been the subject of several analyst reports. Canaccord Genuity Group decreased their price objective on Vivid Seats from $12.00 to $10.00 and set a “buy” rating for the company in a report on Wednesday, May 8th. Craig Hallum started coverage on Vivid Seats in a research note on Friday, February 9th. They set a “buy” rating and a $10.00 price objective on the stock. Benchmark reissued a “buy” rating and issued a $15.00 target price on shares of Vivid Seats in a research note on Wednesday, May 1st. Royal Bank of Canada dropped their price target on shares of Vivid Seats from $10.00 to $8.00 and set a “sector perform” rating on the stock in a research report on Wednesday, March 6th. Finally, Maxim Group lifted their price objective on shares of Vivid Seats from $7.00 to $9.00 and gave the company a “buy” rating in a research report on Wednesday, May 8th. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $10.15.

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.