Manatuck Hill Partners LLC Acquires New Holdings in Vivid Seats Inc. (NASDAQ:SEAT)

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

Several other hedge funds also recently bought and sold shares of the company. Emeth Value Capital LLC bought a new stake in shares of Vivid Seats in the 4th quarter valued at $23,250,000. Huber Capital Management LLC acquired a new stake in Vivid Seats during the 4th quarter worth $3,627,000. Visualize Group LP acquired a new stake in Vivid Seats during the 4th quarter worth $3,327,000. Geode Capital Management LLC raised its stake in Vivid Seats by 18.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,975,047 shares of the company’s stock worth $7,309,000 after buying an additional 314,482 shares during the period. Finally, CenterBook Partners LP raised its stake in Vivid Seats by 20.7% during the 4th quarter. CenterBook Partners LP now owns 872,023 shares of the company’s stock worth $4,037,000 after buying an additional 149,314 shares during the period. 39.92% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on SEAT. Raymond James downgraded Vivid Seats from a “moderate buy” rating to a “hold” rating in a research note on Thursday, March 13th. Royal Bank of Canada dropped their price objective on Vivid Seats from $6.00 to $4.00 and set a “sector perform” rating on the stock in a research note on Thursday, March 13th. Canaccord Genuity Group lowered their target price on Vivid Seats from $6.00 to $5.00 and set a “buy” rating for the company in a report on Thursday, March 13th. Benchmark lowered their target price on Vivid Seats from $8.00 to $6.00 and set a “buy” rating for the company in a report on Thursday, March 13th. Finally, Morgan Stanley lowered their target price on Vivid Seats from $4.60 to $3.75 and set an “equal weight” rating for the company in a report on Thursday, March 13th. One 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 MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $5.49.

Vivid Seats Trading Down 4.6 %

Shares of NASDAQ SEAT opened at $2.68 on Friday. The business has a 50-day moving average of $3.03 and a 200-day moving average of $3.69. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.74 and a current ratio of 0.79. Vivid Seats Inc. has a fifty-two week low of $2.15 and a fifty-two week high of $6.09.

Vivid Seats Company 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.