Vivid Seats Inc. (NASDAQ:SEAT) Short Interest Up 38.1% in August

Key Points

• Vivid Seats Inc. saw a significant increase in short interest of 38.1% in August, totaling 578,600 shares as of August 15th.
• Analysts have given the stock mixed reviews, with price targets ranging from $2.00 to $32.00 and a consensus rating of "Hold."
• Institutional investors own nearly 40% of Vivid Seats' stock, with notable increases in holdings from firms like Emeth Value Capital and Boston Partners.

Vivid Seats Inc. (NASDAQ:SEAT - Get Free Report) was the recipient of a significant growth in short interest in August. As of August 15th, there was short interest totaling 578,600 shares, agrowthof38.1% from the July 31st total of 418,900 shares. Based on an average trading volume of 133,400 shares, the short-interest ratio is currently 4.3 days. Currently,17.2% of the company's shares are sold short. Currently,17.2% of the company's shares are sold short. Based on an average trading volume of 133,400 shares, the short-interest ratio is currently 4.3 days.

Wall Street Analyst Weigh In

Several research firms have commented on SEAT. Citigroup reaffirmed a "buy" rating and issued a $32.00 price target (down from $70.00) on shares of Vivid Seats in a report on Friday, August 8th. Benchmark lifted their price target on shares of Vivid Seats to $26.00 and gave the company a "buy" rating in a research report on Wednesday, August 6th. Craig Hallum set a $2.00 target price on Vivid Seats in a research report on Tuesday, August 5th. Finally, Canaccord Genuity Group restated a "hold" rating and issued a $23.00 price target (down previously from $80.00) on shares of Vivid Seats in a research note on Wednesday, August 6th. Four research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $53.64.

Vivid Seats Price Performance

SEAT stock opened at $15.41 on Monday. Vivid Seats has a one year low of $14.54 and a one year high of $100.00. The company has a 50 day moving average price of $26.38 and a two-hundred day moving average price of $42.20. The company has a quick ratio of 0.63, a current ratio of 0.72 and a debt-to-equity ratio of 1.77.

Institutional Investors Weigh In On Vivid Seats

A number of hedge funds have recently made changes to their positions in SEAT. Emeth Value Capital LLC increased its holdings in shares of Vivid Seats by 27.4% in the second quarter. Emeth Value Capital LLC now owns 7,642,042 shares of the company's stock valued at $12,915,000 after buying an additional 1,644,188 shares in the last quarter. Boston Partners increased its position in shares of Vivid Seats by 7.2% during the second quarter. Boston Partners now owns 4,784,292 shares of the company's stock valued at $8,084,000 after purchasing an additional 322,461 shares during the period. Ameriprise Financial Inc. boosted its stake in Vivid Seats by 10.7% in the 2nd quarter. Ameriprise Financial Inc. now owns 2,222,751 shares of the company's stock valued at $3,756,000 after buying an additional 215,057 shares in the last quarter. Anson Funds Management LP grew its holdings in shares of Vivid Seats by 88.2% during the first quarter. Anson Funds Management LP now owns 1,173,828 shares of the company's stock worth $3,475,000 after purchasing an additional 550,000 shares during the last quarter. Finally, Silver Rock Financial LP raised its position in Vivid Seats by 9.6% in the 4th quarter. Silver Rock Financial LP now owns 1,138,896 shares of the company's stock worth $5,273,000 after purchasing an additional 100,000 shares during the last quarter. Institutional investors own 39.92% of the company's stock.

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.

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