74,439 Shares in Vivid Seats Inc. (NASDAQ:SEAT) Acquired by Mach 1 Financial Group LLC

Mach 1 Financial Group LLC bought a new position in shares of Vivid Seats Inc. (NASDAQ:SEAT) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 74,439 shares of the company’s stock, valued at approximately $470,000.

Several other hedge funds have also added to or reduced their stakes in the business. Exchange Traded Concepts LLC acquired a new position in shares of Vivid Seats in the 3rd quarter worth approximately $178,000. M&T Bank Corp bought a new stake in shares of Vivid Seats in the 3rd quarter valued at $460,000. Capula Management Ltd bought a new stake in shares of Vivid Seats in the 3rd quarter valued at $907,000. Victory Capital Management Inc. bought a new stake in shares of Vivid Seats in the 3rd quarter valued at $136,000. Finally, Boston Partners bought a new stake in shares of Vivid Seats in the 3rd quarter valued at $10,436,000. 39.92% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently commented on SEAT. Craig Hallum began coverage on shares of Vivid Seats in a research note on Friday, February 9th. They issued a “buy” rating and a $10.00 price objective on the stock. Maxim Group started coverage on shares of Vivid Seats in a research report on Wednesday, April 17th. They set a “buy” rating and a $7.00 target price on the stock. Royal Bank of Canada dropped their target price 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, Benchmark restated a “buy” rating and set a $15.00 price objective on shares of Vivid Seats in a report on Wednesday, March 6th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $9.94.

Vivid Seats Stock Performance

NASDAQ:SEAT traded down $0.05 on Wednesday, reaching $5.21. 138,265 shares of the company’s stock were exchanged, compared to its average volume of 1,535,515. The company has a debt-to-equity ratio of 2.52, a current ratio of 0.50 and a quick ratio of 0.46. The firm has a market cap of $1.10 billion, a price-to-earnings ratio of 9.56, a P/E/G ratio of 2.68 and a beta of 1.20. Vivid Seats Inc. has a 52 week low of $5.11 and a 52 week high of $9.89. The stock has a fifty day simple moving average of $5.76 and a 200-day simple moving average of $6.26.

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.