Boston Partners Sells 1,235,015 Shares of Vivid Seats Inc. (NASDAQ:SEAT)

Boston Partners trimmed its position in shares of Vivid Seats Inc. (NASDAQ:SEAT) by 41.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,764,035 shares of the company’s stock after selling 1,235,015 shares during the period. Boston Partners owned about 0.85% of Vivid Seats worth $8,167,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Vivid Seats by 11.2% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 207,056 shares of the company’s stock valued at $959,000 after buying an additional 20,774 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Vivid Seats by 0.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 741,722 shares of the company’s stock valued at $3,434,000 after acquiring an additional 5,828 shares during the last quarter. Impact Investors Inc purchased a new stake in Vivid Seats in the fourth quarter worth $167,000. Plan Group Financial LLC lifted its position 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 last quarter. Finally, Rhumbline Advisers lifted its position in shares of Vivid Seats by 64.9% during the fourth quarter. Rhumbline Advisers now owns 166,697 shares of the company’s stock worth $772,000 after purchasing an additional 65,620 shares during the last quarter. 39.92% of the stock is owned by hedge funds and other institutional investors.

Vivid Seats Stock Up 4.5 %

Shares of Vivid Seats stock opened at $3.01 on Friday. The company has a 50-day simple moving average of $4.15 and a two-hundred day simple moving average of $3.97. Vivid Seats Inc. has a one year low of $2.51 and a one year high of $6.09. The company has a current ratio of 0.79, a quick ratio of 0.74 and a debt-to-equity ratio of 1.17.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Morgan Stanley reduced 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. Raymond James downgraded shares of Vivid Seats from a “moderate buy” rating to a “hold” rating in a research note on Thursday, March 13th. 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 research note on Thursday, March 13th. Canaccord Genuity Group decreased their target price on Vivid Seats from $6.00 to $5.00 and set a “buy” rating for the company in a research report on Thursday, March 13th. Finally, Royal Bank of Canada dropped their price target on Vivid Seats from $6.00 to $4.00 and set a “sector perform” rating on the stock in a research report on Thursday, March 13th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, Vivid Seats presently has a consensus rating of “Hold” and a consensus target price of $5.49.

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.