Vivid Seats Inc. (NASDAQ:SEAT) Shares Sold by Squarepoint Ops LLC

Squarepoint Ops LLC decreased its holdings in Vivid Seats Inc. (NASDAQ:SEAT - Free Report) by 71.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 89,540 shares of the company's stock after selling 225,606 shares during the period. Squarepoint Ops LLC's holdings in Vivid Seats were worth $415,000 as of its most recent filing with the Securities & Exchange Commission.

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

Vivid Seats Price Performance

SEAT traded up $0.09 during trading on Monday, hitting $1.81. The stock had a trading volume of 932,694 shares, compared to its average volume of 1,477,871. The stock has a 50 day simple moving average of $2.22 and a two-hundred day simple moving average of $3.31. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.79 and a quick ratio of 0.74. Vivid Seats Inc. has a twelve month low of $1.44 and a twelve month high of $5.90.

Vivid Seats (NASDAQ:SEAT - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported ($0.05) earnings per share for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.03). Vivid Seats had a return on equity of 21.29% and a net margin of 4.56%. The business had revenue of $164.02 million during the quarter, compared to analyst estimates of $169.99 million. As a group, research analysts forecast that Vivid Seats Inc. will post 0.12 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, General Counsel Emily T. Epstein sold 14,476 shares of the stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $1.99, for a total value of $28,807.24. Following the completion of the transaction, the general counsel now directly owns 151,194 shares of the company's stock, valued at $300,876.06. This trade represents a 8.74% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last 90 days, insiders sold 16,138 shares of company stock valued at $33,201. 57.20% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

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

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.