Vivid Seats Inc. (NASDAQ:SEAT) Shares Sold by Penserra Capital Management LLC

Penserra Capital Management LLC cut its holdings in shares of Vivid Seats Inc. (NASDAQ:SEAT) by 18.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 647,558 shares of the company’s stock after selling 149,436 shares during the period. Penserra Capital Management LLC owned about 0.31% of Vivid Seats worth $2,395,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in 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 buying an additional 410,243 shares in the last quarter. American International Group Inc. raised its stake in shares of Vivid Seats by 203.2% in the first quarter. American International Group Inc. now owns 36,810 shares of the company’s stock valued at $220,000 after acquiring an additional 24,671 shares in the last quarter. Price T Rowe Associates Inc. MD purchased a new position in Vivid Seats in the first quarter valued at $128,000. Janus Henderson Group PLC grew its stake in 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 in the last quarter. Finally, California State Teachers Retirement System increased its holdings in Vivid Seats by 19.8% during the 1st quarter. California State Teachers Retirement System now owns 67,612 shares of the company’s stock worth $405,000 after purchasing an additional 11,188 shares during the period. Hedge funds and other institutional investors own 39.92% of the company’s stock.

Wall Street Analyst Weigh In

SEAT has been the subject of a number of analyst reports. Citigroup lowered their price objective on Vivid Seats from $10.00 to $9.00 and set a “buy” rating for the company in a research report on Friday, September 20th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Vivid Seats from $4.50 to $4.00 and set a “hold” rating for the company in a report on Monday, November 4th. Benchmark reduced their price objective on shares of Vivid Seats from $10.00 to $8.00 and set a “buy” rating on the stock in a report on Friday, November 8th. Royal Bank of Canada lowered their target price on shares of Vivid Seats from $7.00 to $6.00 and set a “sector perform” rating for the company in a research note on Monday, November 11th. Finally, Piper Sandler restated a “neutral” rating and issued a $4.00 price target (down from $5.00) on shares of Vivid Seats in a research note on Friday, November 8th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $6.67.

Vivid Seats Stock Performance

Shares of SEAT stock opened at $3.60 on Tuesday. The stock’s 50-day moving average is $3.81 and its two-hundred day moving average is $4.54. The company has a quick ratio of 0.74, a current ratio of 0.79 and a debt-to-equity ratio of 1.17. Vivid Seats Inc. has a 1 year low of $3.33 and a 1 year high of $8.80.

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.