Parkside Financial Bank & Trust Has $29,000 Stake in Vivid Seats Inc. (NASDAQ:SEAT)

Parkside Financial Bank & Trust grew its holdings in shares of Vivid Seats Inc. (NASDAQ:SEAT) by 84.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,557 shares of the company’s stock after acquiring an additional 2,090 shares during the period. Parkside Financial Bank & Trust’s holdings in Vivid Seats were worth $29,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Vivid Seats by 129.5% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 22,609 shares of the company’s stock worth $143,000 after purchasing an additional 12,758 shares during the period. Raymond James & Associates acquired a new stake in shares of Vivid Seats during the 4th quarter worth approximately $172,000. SG Americas Securities LLC acquired a new position in shares of Vivid Seats during the 4th quarter valued at $65,000. Exchange Traded Concepts LLC boosted its stake in Vivid Seats by 54.8% during the fourth quarter. Exchange Traded Concepts LLC now owns 42,869 shares of the company’s stock worth $271,000 after acquiring an additional 15,179 shares in the last quarter. Finally, Graham Capital Management L.P. bought a new position in Vivid Seats during the third quarter worth $254,000. 39.92% of the stock is owned by institutional investors and hedge funds.

Vivid Seats Price Performance

Shares of NASDAQ:SEAT opened at $5.92 on Friday. The firm has a market capitalization of $1.24 billion, a PE ratio of 10.76, a P/E/G ratio of 2.83 and a beta of 1.20. The company has a quick ratio of 0.46, a current ratio of 0.50 and a debt-to-equity ratio of 2.52. The company has a 50-day moving average price of $5.79 and a two-hundred day moving average price of $6.28. Vivid Seats Inc. has a twelve month low of $5.11 and a twelve month high of $9.89.

Wall Street Analysts Forecast Growth

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

About Vivid Seats

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.