Whetstone Capital Advisors LLC Makes New Investment in Vivid Seats Inc. $SEAT

by · The Cerbat Gem

Whetstone Capital Advisors LLC purchased a new position in shares of Vivid Seats Inc. (NASDAQ:SEAT – Free Report) during the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 82,559 shares of the company’s stock, valued at approximately $595,000. Vivid Seats accounts for about 0.2% of Whetstone Capital Advisors LLC’s investment portfolio, making the stock its 25th biggest position.

Several other large investors have also modified their holdings of SEAT. Sun Life Financial Inc. purchased a new position in shares of Vivid Seats during the 4th quarter worth about $3,213,000. Caption Management LLC lifted its holdings in shares of Vivid Seats by 1,470.9% during the 2nd quarter. Caption Management LLC now owns 250,472 shares of the company’s stock worth $423,000 after acquiring an additional 234,528 shares during the period. Ameriprise Financial Inc. lifted its holdings in shares of Vivid Seats by 10.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 2,222,751 shares of the company’s stock worth $3,756,000 after acquiring an additional 215,057 shares during the period. Emeth Value Capital LLC lifted its holdings in shares of Vivid Seats by 43.4% during the 4th quarter. Emeth Value Capital LLC now owns 556,918 shares of the company’s stock worth $4,015,000 after acquiring an additional 168,607 shares during the period. Finally, Rhumbline Advisers lifted its holdings in shares of Vivid Seats by 106.8% during the 2nd quarter. Rhumbline Advisers now owns 203,271 shares of the company’s stock worth $344,000 after acquiring an additional 104,972 shares during the period. 39.92% of the stock is currently owned by hedge funds and other institutional investors.

Vivid Seats Stock Performance

NASDAQ SEAT opened at $7.76 on Monday. Vivid Seats Inc. has a one year low of $5.06 and a one year high of $41.20. The company’s 50 day moving average price is $7.85 and its 200 day moving average price is $7.11. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.58 and a current ratio of 0.66. The firm has a market capitalization of $83.54 million, a price-to-earnings ratio of -0.11 and a beta of 1.08.

Vivid Seats (NASDAQ:SEAT – Get Free Report) last posted its quarterly earnings results on Tuesday, May 5th. The company reported ($1.35) EPS for the quarter, missing the consensus estimate of ($1.03) by ($0.32). Vivid Seats had a negative net margin of 82.25% and a positive return on equity of 68.65%. The business had revenue of $125.78 million during the quarter, compared to analysts’ expectations of $124.55 million. On average, sell-side analysts predict that Vivid Seats Inc. will post -4.16 EPS for the current year.

Wall Street Analyst Weigh In

SEAT has been the topic of several recent analyst reports. Zacks Research upgraded shares of Vivid Seats from a “strong sell” rating to a “hold” rating in a report on Friday, April 10th. Scotiabank set a $10.00 price objective on shares of Vivid Seats in a report on Friday, March 13th. Craig Hallum upgraded shares of Vivid Seats from a “hold” rating to a “buy” rating and set a $15.00 price objective on the stock in a report on Friday, March 13th. Benchmark cut their price objective on shares of Vivid Seats from $18.00 to $10.00 and set a “buy” rating on the stock in a report on Friday, March 13th. Finally, Morgan Stanley set a $9.25 price objective on shares of Vivid Seats and gave the stock an “equal weight” rating in a report on Wednesday. Two equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $9.43.

Get Our Latest Stock Analysis on Vivid Seats

Vivid Seats Company Profile

(Free Report)

Vivid Seats, traded on NASDAQ under the ticker SEAT, operates an online ticket marketplace that connects buyers and sellers of live event tickets. The company specializes in facilitating purchases for sports games, concerts, theater productions and other entertainment experiences. Through its digital platform and mobile application, Vivid Seats offers real-time access to available tickets, transparent pricing and a 100% Buyer Guarantee, which ensures ticket authenticity and timely delivery.

Founded in 2001 and headquartered in Chicago, Illinois, Vivid Seats has grown from a regional reseller into one of North America’s leading ticket marketplaces.

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