Parkside Financial Bank & Trust Purchases 2,090 Shares of Vivid Seats Inc. (NASDAQ:SEAT)

Parkside Financial Bank & Trust increased its position in Vivid Seats Inc. (NASDAQ:SEAT) by 84.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 4,557 shares of the company’s stock after buying an additional 2,090 shares during the period. Parkside Financial Bank & Trust’s holdings in Vivid Seats were worth $29,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of SEAT. Boston Partners purchased a new position in Vivid Seats during the third quarter valued at $10,436,000. FMR LLC grew its position in shares of Vivid Seats by 6.8% during the third quarter. FMR LLC now owns 3,520,887 shares of the company’s stock valued at $22,604,000 after purchasing an additional 223,676 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of Vivid Seats by 3.9% during the third quarter. Massachusetts Financial Services Co. MA now owns 4,240,177 shares of the company’s stock valued at $27,222,000 after purchasing an additional 160,851 shares in the last quarter. Capula Management Ltd bought a new stake in shares of Vivid Seats in the third quarter worth about $907,000. Finally, GSA Capital Partners LLP lifted its position in shares of Vivid Seats by 47.5% in the third quarter. GSA Capital Partners LLP now owns 380,135 shares of the company’s stock worth $2,440,000 after buying an additional 122,494 shares in the last quarter. Hedge funds and other institutional investors own 39.92% of the company’s stock.

Vivid Seats Price Performance

Vivid Seats stock opened at $5.92 on Friday. The company has a debt-to-equity ratio of 2.52, a current ratio of 0.50 and a quick ratio of 0.46. The stock has a market cap of $1.24 billion, a price-to-earnings ratio of 10.76, a price-to-earnings-growth ratio of 2.83 and a beta of 1.20. The firm has a 50-day moving average of $5.79 and a two-hundred day moving average of $6.28. Vivid Seats Inc. has a 1 year low of $5.11 and a 1 year high of $9.89.

Wall Street Analysts Forecast Growth

SEAT has been the subject of a number of recent research reports. Maxim Group started coverage on shares of Vivid Seats in a report on Wednesday, April 17th. They issued a “buy” rating and a $7.00 target price for the company. Benchmark restated a “buy” rating and set a $15.00 target price on shares of Vivid Seats in a research report on Wednesday, March 6th. Royal Bank of Canada lowered their price target on shares of Vivid Seats from $10.00 to $8.00 and set a “sector perform” rating for the company in a report on Wednesday, March 6th. Finally, Craig Hallum began coverage on Vivid Seats in a research note on Friday, February 9th. They set a “buy” rating and a $10.00 price objective on the stock. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $9.94.

Vivid Seats 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.