Vivid Seats Inc. (NASDAQ:SEAT) Shares Sold by Prospect Capital Advisors LLC

Prospect Capital Advisors LLC reduced its stake in Vivid Seats Inc. (NASDAQ:SEAT - Free Report) by 52.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 800,000 shares of the company's stock after selling 880,000 shares during the quarter. Vivid Seats comprises approximately 2.1% of Prospect Capital Advisors LLC's holdings, making the stock its 20th largest position. Prospect Capital Advisors LLC owned 0.39% of Vivid Seats worth $3,704,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of SEAT. Rhumbline Advisers boosted its holdings in Vivid Seats by 64.9% in the 4th quarter. Rhumbline Advisers now owns 166,697 shares of the company's stock worth $772,000 after buying an additional 65,620 shares during the period. Emeth Value Capital LLC bought a new stake in Vivid Seats in the 4th quarter worth approximately $23,250,000. Barclays PLC increased its position in Vivid Seats by 353.2% in the third quarter. Barclays PLC now owns 125,163 shares of the company's stock worth $462,000 after purchasing an additional 97,546 shares during the last quarter. Huber Capital Management LLC purchased a new position in shares of Vivid Seats in the 4th quarter worth $3,627,000. Finally, EntryPoint Capital LLC boosted its stake in Vivid Seats by 617.1% during the fourth quarter. EntryPoint Capital LLC now owns 115,976 shares of the company's stock worth $537,000 after buying an additional 99,802 shares during the period. 39.92% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Vivid Seats

In other news, General Counsel Emily T. Epstein sold 14,476 shares of the firm's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $1.99, for a total transaction of $28,807.24. Following the completion of the transaction, the general counsel now directly owns 151,194 shares in the company, valued at $300,876.06. This trade represents a 8.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Over the last quarter, insiders sold 16,138 shares of company stock valued at $33,201. 57.20% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have issued reports on SEAT shares. William Blair downgraded shares of Vivid Seats from an "outperform" rating to a "market perform" rating in a research note on Tuesday, May 6th. Benchmark dropped their price objective on Vivid Seats from $6.00 to $3.00 and set a "buy" rating for the company in a report on Wednesday, May 7th. Morgan Stanley reduced their target price on Vivid Seats from $4.60 to $3.75 and set an "equal weight" rating on the stock in a research note on Thursday, March 13th. Canaccord Genuity Group lowered their target price on shares of Vivid Seats from $5.00 to $4.00 and set a "buy" rating for the company in a research note on Wednesday, May 7th. Finally, Maxim Group reduced their price target on shares of Vivid Seats from $5.00 to $3.00 and set a "buy" rating on the stock in a research note on Wednesday, May 7th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, Vivid Seats has an average rating of "Hold" and a consensus price target of $4.49.

Vivid Seats Price Performance

NASDAQ:SEAT traded down $0.02 during trading hours on Tuesday, hitting $1.91. 134,248 shares of the stock were exchanged, compared to its average volume of 1,481,657. The firm's fifty day moving average price is $2.57 and its 200 day moving average price is $3.52. Vivid Seats Inc. has a 52-week low of $1.66 and a 52-week high of $5.90. 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 (NASDAQ:SEAT - Get Free Report) last released its earnings results 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). The business had revenue of $164.02 million during the quarter, compared to analysts' expectations of $169.99 million. Vivid Seats had a return on equity of 21.29% and a net margin of 4.56%. On average, equities analysts expect that Vivid Seats Inc. will post 0.12 EPS for the current year.

About Vivid Seats

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.