Manatuck Hill Partners LLC Buys Shares of 250,000 Vivid Seats Inc. (NASDAQ:SEAT)

Manatuck Hill Partners LLC bought a new stake in shares of Vivid Seats Inc. (NASDAQ:SEAT - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 250,000 shares of the company's stock, valued at approximately $1,158,000. Manatuck Hill Partners LLC owned about 0.12% of Vivid Seats as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Barclays PLC grew its stake in shares of Vivid Seats by 353.2% in the 3rd quarter. Barclays PLC now owns 125,163 shares of the company's stock worth $462,000 after acquiring an additional 97,546 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Vivid Seats by 18.9% during the third quarter. Geode Capital Management LLC now owns 1,975,047 shares of the company's stock worth $7,309,000 after purchasing an additional 314,482 shares during the last quarter. SG Americas Securities LLC grew its position in Vivid Seats by 8.5% in the 4th quarter. SG Americas Securities LLC now owns 37,065 shares of the company's stock worth $172,000 after purchasing an additional 2,909 shares in the last quarter. Exchange Traded Concepts LLC increased its stake in Vivid Seats by 23.9% in the 4th quarter. Exchange Traded Concepts LLC now owns 123,412 shares of the company's stock valued at $571,000 after buying an additional 23,844 shares during the last quarter. Finally, Emeth Value Capital LLC bought a new position in shares of Vivid Seats during the 4th quarter worth approximately $23,250,000. 39.92% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on SEAT shares. Bank of America reaffirmed an "underperform" rating and issued a $2.60 target price (down from $6.25) on shares of Vivid Seats in a report on Thursday, March 13th. Royal Bank of Canada decreased their target price on Vivid Seats from $6.00 to $4.00 and set a "sector perform" rating for the company in a research report on Thursday, March 13th. Raymond James downgraded shares of Vivid Seats from a "moderate buy" rating to a "hold" rating in a report on Thursday, March 13th. Canaccord Genuity Group reduced their price target on shares of 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, Benchmark lowered their price objective on shares of Vivid Seats from $8.00 to $6.00 and set a "buy" 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 issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, Vivid Seats has a consensus rating of "Hold" and a consensus price target of $5.49.

Vivid Seats Trading Up 1.1 %

NASDAQ:SEAT traded up $0.03 on Friday, reaching $2.71. 898,206 shares of the company's stock were exchanged, compared to its average volume of 1,384,915. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.79 and a quick ratio of 0.74. The stock has a fifty day simple moving average of $3.00 and a 200-day simple moving average of $3.68. Vivid Seats Inc. has a 52 week low of $2.15 and a 52 week high of $6.09.

Vivid Seats 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.