Whetstone Capital Advisors LLC Invests $595,000 in Vivid Seats Inc. $SEAT

Whetstone Capital Advisors LLC purchased a new position in shares of Vivid Seats Inc. (NASDAQ:SEAT) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 82,559 shares of the company’s stock, valued at approximately $595,000. Vivid Seats accounts for approximately 0.2% of Whetstone Capital Advisors LLC’s investment portfolio, making the stock its 25th biggest position. Whetstone Capital Advisors LLC owned about 0.77% of Vivid Seats at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Jump Financial LLC acquired a new stake in Vivid Seats in the 2nd quarter valued at about $32,000. Raymond James Financial Inc. acquired a new stake in Vivid Seats in the 2nd quarter valued at about $35,000. Rangeley Capital LLC acquired a new stake in Vivid Seats in the 2nd quarter valued at about $42,000. Quantbot Technologies LP acquired a new stake in Vivid Seats in the 2nd quarter valued at about $43,000. Finally, Deutsche Bank AG grew its stake in Vivid Seats by 270.0% in the 4th quarter. Deutsche Bank AG now owns 10,774 shares of the company’s stock valued at $78,000 after acquiring an additional 7,862 shares during the last quarter. 39.92% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Craig Hallum raised shares of Vivid Seats from a “hold” rating to a “buy” rating and set a $15.00 price objective on the stock in a research note on Friday, March 13th. Scotiabank set a $10.00 price objective on shares of Vivid Seats in a research note on Friday, March 13th. Weiss Ratings reissued a “sell (e+)” rating on shares of Vivid Seats in a research note on Tuesday, June 9th. Benchmark lowered their price objective on shares of Vivid Seats from $18.00 to $10.00 and set a “buy” rating on the stock in a research note on Friday, March 13th. Finally, Bank of America reissued an “underperform” rating and issued a $5.65 price objective on shares of Vivid Seats in a research note on Thursday, March 12th. Two research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, Vivid Seats currently has an average rating of “Hold” and a consensus price target of $9.43.

Vivid Seats Price Performance

Vivid Seats stock opened at $7.76 on Monday. Vivid Seats Inc. has a 12-month low of $5.06 and a 12-month high of $41.20. The stock has a market capitalization of $83.54 million, a P/E ratio of -0.11 and a beta of 1.08. The firm’s 50-day moving average is $7.85 and its two-hundred day moving average is $7.11. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.66 and a quick ratio of 0.58.

Vivid Seats (NASDAQ:SEAT) last released its quarterly earnings results on Tuesday, May 5th. The company reported ($1.35) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.03) by ($0.32). Vivid Seats had a positive return on equity of 68.65% and a negative net margin of 82.25%.The firm had revenue of $125.78 million for the quarter, compared to analyst estimates of $124.55 million. Equities analysts predict that Vivid Seats Inc. will post -4.16 earnings per share for the current year.

Vivid Seats Company Profile

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.