Vivid Seats Inc. $SEAT Position Increased by Emeth Value Capital LLC

Emeth Value Capital LLC lifted its position in shares of Vivid Seats Inc. (NASDAQ:SEAT) by 43.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 556,918 shares of the company’s stock after acquiring an additional 168,607 shares during the quarter. Vivid Seats accounts for approximately 5.0% of Emeth Value Capital LLC’s portfolio, making the stock its 4th largest holding. Emeth Value Capital LLC owned about 5.19% of Vivid Seats worth $4,015,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Jump Financial LLC acquired a new stake in Vivid Seats in the second quarter valued at about $32,000. Raymond James Financial Inc. acquired a new position in Vivid Seats during the 2nd quarter worth approximately $35,000. Rangeley Capital LLC acquired a new position in Vivid Seats during the 2nd quarter worth approximately $42,000. Quantbot Technologies LP purchased a new position in shares of Vivid Seats during the 2nd quarter worth approximately $43,000. Finally, AlphaQuest LLC purchased a new position in shares of Vivid Seats during the 3rd quarter worth approximately $634,000. 39.92% of the stock is owned by hedge funds and other institutional investors.

Vivid Seats Price Performance

Vivid Seats stock opened at $5.64 on Friday. The firm has a market capitalization of $60.52 million, a PE ratio of -0.08 and a beta of 0.95. Vivid Seats Inc. has a 52 week low of $5.06 and a 52 week high of $62.40. The firm’s 50-day simple moving average is $6.57 and its 200 day simple moving average is $9.47. The company has a quick ratio of 0.53, a current ratio of 0.59 and a debt-to-equity ratio of 1.41.

Vivid Seats (NASDAQ:SEAT) last posted its earnings results on Thursday, March 12th. The company reported ($10.39) earnings per share for the quarter, missing the consensus estimate of ($1.81) by ($8.58). Vivid Seats had a negative net margin of 75.21% and a positive return on equity of 31.44%. The business had revenue of $126.81 million for the quarter, compared to analysts’ expectations of $137.18 million. On average, equities research analysts predict that Vivid Seats Inc. will post 0.12 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on SEAT. Scotiabank set a $10.00 price target on Vivid Seats in a research note on Friday, March 13th. Craig Hallum upgraded Vivid Seats from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a research report on Friday, March 13th. Bank of America reissued an “underperform” rating and issued a $5.65 target price on shares of Vivid Seats in a report on Thursday, March 12th. Deutsche Bank Aktiengesellschaft set a $7.00 target price on shares of Vivid Seats in a research report on Tuesday, January 20th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Vivid Seats in a research note on Wednesday, January 21st. Four equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $14.27.

Vivid Seats Company Profile

Vivid Seats, traded on NASDAQ under the ticker SEAT, operates an online ticket marketplace that connects buyers and sellers of live event tickets. The company specializes in facilitating purchases for sports games, concerts, theater productions and other entertainment experiences. Through its digital platform and mobile application, Vivid Seats offers real-time access to available tickets, transparent pricing and a 100% Buyer Guarantee, which ensures ticket authenticity and timely delivery.

Founded in 2001 and headquartered in Chicago, Illinois, Vivid Seats has grown from a regional reseller into one of North America’s leading ticket marketplaces.