American Century Companies Inc. increases stock position in Vivid Seats Inc. (NASDAQ:SEAT)

American Century Companies Inc. increased its holdings in shares of Vivid Seats Inc. (NASDAQ:SEAT – Free Report) by 23.1% during the second quarter, HoldingsChannel reports. The firm owned 55,243 shares of the company’s stock after buying an additional 10,372 shares during the quarter. The stakes held by American Century Companies Inc. holdings in Vivid Seats were worth $318,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of SEAT. Ameritas Investment Partners Inc. lifted its position in shares of Vivid Seats by 301.6% in the first quarter. Ameritas Investment Partners Inc. now owns 7,449 shares of the company’s stock worth $45,000 after purchasing an additional 5,594 shares during the period. Principal Financial Group Inc. purchased a new stake in Vivid Seats in the second quarter valued at $61,000. Entropy Technologies LP bought a new position in Vivid Seats in the first quarter worth $101,000. DekaBank Deutsche Girozentrale raised its position in shares of Vivid Seats by 259.3% in the first quarter. DekaBank Deutsche Girozentrale now owns 20,683 shares of the company’s stock worth $124,000 after buying an additional 14,927 shares during the period. Finally, Price T Rowe Associates Inc. MD purchased a new position in Vivid Seats in the first quarter valued at about $128,000. Hedge funds and other institutional investors own 39.92% of the company’s shares.

Price performance of living chairs

Shares of NASDAQ:SEAT opened at $3.36 on Friday. The firm has a fifty day moving average price of $4.24 and a 200 day moving average price of $5.03. Vivid Seats Inc. it has a fifty-two week low of $3.36 and a fifty-two week high of $8.80. The firm has a market cap of $697.71 million, a price-to-earnings ratio of 6.73, a P/E/G ratio of 14.46 and a beta of 1.21. The company has a debt-to-equity ratio of 2.48, a quick ratio of 0.73, and a current ratio of 0.79.

Vivid Seats (NASDAQ:SEAT – Get Your Free Report ) last posted its earnings results on Tuesday, August 6th. The company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.08). The business had revenue of $198.32 million during the quarter, compared to the consensus estimate of $194.68 million. Vivid Seats had a return on equity of 57.44% and a net margin of 4.73%. In the same quarter last year, the company earned $0.20 per share. As a group, sell-side analysts expect Vivid Seats Inc. to post 0.14 earnings per share for the current fiscal year.

Analyst upgrades and downgrades

A number of equities research analysts have weighed in on the stock. Royal Bank of Canada cut their price target on shares of Vivid Seats from $8.00 to $7.00 and set a “sector perform” rating for the company in a research note on Wednesday, August 7th. DA Davidson cut their price target on shares of Vivid Seats from $6.50 to $6.00 and set a “buy” rating on the stock in a report on Thursday, September 12th. Craig Hallum reduced their price objective on shares of Vivid Seats from $10.00 to $8.00 and set a “buy” rating for the company in a report on Tuesday, September 10th. Citigroup dropped their target price on shares of Vivid Seats from $10.00 to $9.00 and set a “buy” rating on the stock in a report on Friday, September 20th. Finally, Piper Sandler decreased their price target on Vivid Seats from $7.00 to $5.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 7th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $7.28.

Check out our latest research report on SEAT

Vivid Seats Company Profile

(Free Report)

Vivid Seats Inc operates an online ticket marketplace in the United States, Canada and Japan. The company operates in two segments, market and resale. The Marketplace segment acts as an intermediary between buyers and sellers of event tickets; process ticket sales on its website and mobile applications through its distribution partners; and sell tickets for sports, concerts, theater events and other live events.

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Want to see what other hedge funds own SEAT? Visit HoldingsChannel.com to get the latest 13F filings and insider trading for Vivid Seats Inc. (NASDAQ:SEAT – Free Report).

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