Emeth Value Capital LLC Has $17.75 Million Holdings in Vivid Seats Inc. (NASDAQ:SEAT)

Emeth Value Capital LLC grew its position in Vivid Seats Inc. (NASDAQ:SEAT - Free Report) by 19.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,997,854 shares of the company's stock after acquiring an additional 976,362 shares during the quarter. Vivid Seats makes up approximately 15.8% of Emeth Value Capital LLC's holdings, making the stock its 4th largest position. Emeth Value Capital LLC owned 2.87% of Vivid Seats worth $17,754,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of Vivid Seats by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 4,897,627 shares of the company's stock valued at $22,676,000 after acquiring an additional 22,285 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Vivid Seats by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 2,008,228 shares of the company's stock valued at $9,301,000 after acquiring an additional 33,181 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in shares of Vivid Seats by 18.4% in the 4th quarter. Ameriprise Financial Inc. now owns 1,954,794 shares of the company's stock valued at $9,051,000 after acquiring an additional 303,878 shares during the last quarter. Silver Rock Financial LP increased its holdings in shares of Vivid Seats by 9.6% in the 4th quarter. Silver Rock Financial LP now owns 1,138,896 shares of the company's stock valued at $5,273,000 after acquiring an additional 100,000 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Vivid Seats by 2.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,008,417 shares of the company's stock valued at $4,669,000 after acquiring an additional 20,198 shares during the last quarter. 39.92% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on SEAT. Royal Bank Of Canada lowered their price objective on Vivid Seats from $4.00 to $2.00 and set a "sector perform" rating for the company in a research note on Wednesday, May 7th. William Blair lowered Vivid Seats from an "outperform" rating to a "market perform" rating in a research report on Tuesday, May 6th. Benchmark reduced their price target on Vivid Seats from $6.00 to $3.00 and set a "buy" rating for the company in a research report on Wednesday, May 7th. Bank of America reiterated an "underperform" rating and set a $2.60 price target (down previously from $6.25) on shares of Vivid Seats in a research report on Thursday, March 13th. Finally, Canaccord Genuity Group reduced their price target on Vivid Seats from $5.00 to $4.00 and set a "buy" rating for the company in a research report on Wednesday, May 7th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, Vivid Seats presently has an average rating of "Hold" and an average price target of $4.49.

Vivid Seats Stock Performance

Shares of Vivid Seats stock opened at $1.94 on Thursday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.70 and a current ratio of 0.77. The business has a fifty day simple moving average of $2.12 and a 200-day simple moving average of $3.24. Vivid Seats Inc. has a fifty-two week low of $1.44 and a fifty-two week high of $5.90.

Vivid Seats (NASDAQ:SEAT - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.03). The firm had revenue of $164.02 million during the quarter, compared to analyst estimates of $169.99 million. Vivid Seats had a negative net margin of 0.35% and a negative return on equity of 2.17%. Research analysts predict that Vivid Seats Inc. will post 0.12 earnings per share for the current year.

Insider Activity

In other news, General Counsel Emily T. Epstein sold 14,476 shares of the company's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $1.99, for a total value of $28,807.24. Following the completion of the sale, the general counsel now owns 151,194 shares in the company, valued at $300,876.06. This represents a 8.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 88.46% of the company's stock.

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.

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